Cloud Peak Energy Inc. to Post FY2017 Earnings of ($0.44) Per Share, Jefferies Group Forecasts (CLD)

Cloud Peak Energy Inc. (NYSE:CLD) – Investment analysts at Jefferies Group cut their FY2017 EPS estimates for Cloud Peak Energy in a research report issued on Thursday. Jefferies Group analyst C. Lafemina now forecasts that the mining company will post earnings of ($0.44) per share for the year, down from their prior estimate of ($0.43). Jefferies Group also issued estimates for Cloud Peak Energy’s FY2020 earnings at $0.02 EPS and FY2021 earnings at $0.02 EPS.

Cloud Peak Energy (NYSE:CLD) last posted its quarterly earnings data on Thursday, February 15th. The mining company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.15). The firm had revenue of $213.89 million during the quarter, compared to analyst estimates of $244.38 million. Cloud Peak Energy had a negative net margin of 0.75% and a negative return on equity of 3.29%. The business’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 EPS.

CLD has been the subject of several other research reports. B. Riley reaffirmed a “neutral” rating on shares of Cloud Peak Energy in a research report on Wednesday, November 1st. ValuEngine lowered shares of Cloud Peak Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday. Stifel Nicolaus dropped their price target on shares of Cloud Peak Energy from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday. Zacks Investment Research lowered shares of Cloud Peak Energy from a “buy” rating to a “hold” rating in a research report on Friday, February 16th. Finally, TheStreet raised shares of Cloud Peak Energy from a “d+” rating to a “c-” rating in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Cloud Peak Energy has an average rating of “Hold” and a consensus price target of $4.83.

Cloud Peak Energy (NYSE CLD) opened at $3.17 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.26 and a quick ratio of 1.65. The firm has a market cap of $238.20, a P/E ratio of 12.68 and a beta of 1.79. Cloud Peak Energy has a 52-week low of $2.78 and a 52-week high of $6.24.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLD. Ellington Management Group LLC purchased a new stake in Cloud Peak Energy during the fourth quarter worth approximately $124,000. Brandywine Global Investment Management LLC purchased a new stake in Cloud Peak Energy during the fourth quarter worth approximately $127,000. Two Sigma Advisers LP purchased a new stake in Cloud Peak Energy during the fourth quarter worth approximately $157,000. Thrivent Financial For Lutherans grew its stake in Cloud Peak Energy by 4.0% during the second quarter. Thrivent Financial For Lutherans now owns 44,860 shares of the mining company’s stock worth $158,000 after buying an additional 1,730 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its stake in Cloud Peak Energy by 81.3% during the third quarter. State Board of Administration of Florida Retirement System now owns 52,406 shares of the mining company’s stock worth $192,000 after buying an additional 23,502 shares during the period. Institutional investors own 78.73% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another website, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2018/02/21/cloud-peak-energy-inc-to-post-fy2017-earnings-of-0-44-per-share-jefferies-group-forecasts-cld.html.

About Cloud Peak Energy

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.

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