$248.71 Million in Sales Expected for Cloud Peak Energy Inc. (CLD) This Quarter

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.

ILLEGAL ACTIVITY NOTICE: “$248.71 Million in Sales Expected for Cloud Peak Energy Inc. (CLD) This Quarter” was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and international trademark and copyright law. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2018/02/03/248-71-million-in-sales-expected-for-cloud-peak-energy-inc-cld-this-quarter.html.

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.

Get a free copy of the Zacks research report on Cloud Peak Energy (CLD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Cloud Peak Energy (NYSE:CLD)

Receive News & Ratings for Cloud Peak Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cloud Peak Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply