Equities research analysts expect Cloud Peak Energy Inc. (NYSE:CLD) to announce $248.71 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Cloud Peak Energy’s earnings, with the highest sales estimate coming in at $255.70 million and the lowest estimate coming in at $236.52 million. Cloud Peak Energy reported sales of $227.93 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.1%. The company is scheduled to announce its next earnings report on Wednesday, February 21st.
On average, analysts expect that Cloud Peak Energy will report full-year sales of $248.71 million for the current fiscal year, with estimates ranging from $910.64 million to $949.20 million. For the next financial year, analysts expect that the company will post sales of $994.22 million per share, with estimates ranging from $939.20 million to $1.01 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Cloud Peak Energy.
Cloud Peak Energy (NYSE:CLD) last announced its earnings results on Thursday, October 26th. The mining company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. The business had revenue of $249.00 million for the quarter, compared to the consensus estimate of $254.82 million. During the same quarter in the previous year, the company earned $0.06 EPS. Cloud Peak Energy’s revenue for the quarter was up 14.7% compared to the same quarter last year.
Several analysts recently weighed in on the company. Zacks Investment Research upgraded Cloud Peak Energy from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research note on Thursday, October 19th. BMO Capital Markets set a $5.00 target price on Cloud Peak Energy and gave the company a “hold” rating in a research note on Friday, October 27th. TheStreet upgraded Cloud Peak Energy from a “d+” rating to a “c-” rating in a research note on Friday, October 27th. JPMorgan Chase & Co. downgraded Cloud Peak Energy from an “overweight” rating to a “neutral” rating in a research note on Monday, November 20th. Finally, B. Riley restated a “neutral” rating on shares of Cloud Peak Energy in a research note on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $5.14.
Hedge funds have recently made changes to their positions in the business. AJO LP bought a new stake in shares of Cloud Peak Energy in the 2nd quarter worth approximately $120,000. BNP Paribas Arbitrage SA lifted its position in shares of Cloud Peak Energy by 55.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 38,175 shares of the mining company’s stock worth $135,000 after acquiring an additional 13,620 shares during the period. Arizona State Retirement System lifted its position in shares of Cloud Peak Energy by 0.3% in the 2nd quarter. Arizona State Retirement System now owns 39,153 shares of the mining company’s stock worth $138,000 after acquiring an additional 100 shares during the period. Thrivent Financial For Lutherans lifted its position in shares of Cloud Peak Energy by 4.0% in the 2nd quarter. Thrivent Financial For Lutherans now owns 44,860 shares of the mining company’s stock worth $158,000 after acquiring an additional 1,730 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of Cloud Peak Energy by 81.3% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 52,406 shares of the mining company’s stock worth $192,000 after acquiring an additional 23,502 shares during the period. Institutional investors own 79.25% of the company’s stock.
Shares of Cloud Peak Energy (NYSE CLD) opened at $5.50 on Friday. Cloud Peak Energy has a 52 week low of $2.78 and a 52 week high of $6.30. The firm has a market capitalization of $413.28, a P/E ratio of 550.00 and a beta of 1.60. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.61 and a current ratio of 2.14.
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Cloud Peak Energy Company Profile
Cloud Peak Energy Inc is a producer of coal in the United States of America and the Powder River Basin (PRB). In the PRB, the Company owns and operates three surface coal mines: the Antelope Mine, the Cordero Rojo Mine and the Spring Creek Mine. Its segments include Owned and Operated Mines, and Logistics and Related Activities.
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