Wall Street analysts expect Ciner Resources LP (NYSE:CINR) to post earnings of $0.55 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Ciner Resources’ earnings. The highest EPS estimate is $0.58 and the lowest is $0.51. Ciner Resources posted earnings per share of $0.49 during the same quarter last year, which would indicate a positive year over year growth rate of 12.2%. The business is expected to issue its next quarterly earnings results on Thursday, February 15th.
On average, analysts expect that Ciner Resources will report full-year earnings of $1.97 per share for the current financial year, with EPS estimates ranging from $1.95 to $1.99. For the next fiscal year, analysts expect that the business will post earnings of $2.29 per share, with EPS estimates ranging from $2.15 to $2.43. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Ciner Resources.
Ciner Resources (NYSE:CINR) last released its quarterly earnings data on Monday, November 6th. The basic materials company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). Ciner Resources had a net margin of 7.77% and a return on equity of 15.13%. The firm had revenue of $122.50 million during the quarter, compared to the consensus estimate of $118.10 million. During the same quarter last year, the business posted $0.56 earnings per share. Ciner Resources’s revenue was up 1.2% compared to the same quarter last year.
A number of research firms have recently commented on CINR. B. Riley restated a “buy” rating on shares of Ciner Resources in a research report on Wednesday, November 1st. Zacks Investment Research lowered shares of Ciner Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. ValuEngine upgraded shares of Ciner Resources from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, SunTrust Banks restated a “hold” rating on shares of Ciner Resources in a research report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $26.50.
Ciner Resources (CINR) traded down $0.12 during mid-day trading on Friday, hitting $26.45. 44,105 shares of the stock were exchanged, compared to its average volume of 15,791. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.48 and a quick ratio of 3.08. Ciner Resources has a one year low of $22.61 and a one year high of $31.75. The company has a market capitalization of $528.46, a price-to-earnings ratio of 13.92 and a beta of 1.00.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Walthausen & Co. LLC raised its stake in Ciner Resources by 15.1% in the second quarter. Walthausen & Co. LLC now owns 403,860 shares of the basic materials company’s stock valued at $11,066,000 after purchasing an additional 53,090 shares in the last quarter. FMR LLC raised its stake in Ciner Resources by 97.5% in the second quarter. FMR LLC now owns 285,435 shares of the basic materials company’s stock valued at $7,821,000 after purchasing an additional 140,931 shares in the last quarter. Wells Fargo & Company MN raised its stake in Ciner Resources by 80,992.0% in the third quarter. Wells Fargo & Company MN now owns 162,184 shares of the basic materials company’s stock valued at $4,063,000 after purchasing an additional 161,984 shares in the last quarter. Atlantic Trust Group LLC raised its stake in Ciner Resources by 79.5% in the third quarter. Atlantic Trust Group LLC now owns 126,182 shares of the basic materials company’s stock valued at $3,161,000 after purchasing an additional 55,903 shares in the last quarter. Finally, Midas Management Corp raised its stake in Ciner Resources by 17.4% in the third quarter. Midas Management Corp now owns 111,302 shares of the basic materials company’s stock valued at $2,788,000 after purchasing an additional 16,500 shares in the last quarter. 9.06% of the stock is currently owned by institutional investors and hedge funds.
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About Ciner Resources
Ciner Resources LP, through its subsidiary, Ciner Wyoming LLC (Ciner Wyoming), produces soda ash and serves a global market from its facility in the Green River Basin of Wyoming. The Company processes trona ore into soda ash, a raw material in flat glass, container glass, detergents, chemicals, paper and other consumer and industrial products.
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