Zacks: Brokerages Anticipate Westmoreland Coal (WLB) to Announce $0.98 EPS

Brokerages expect Westmoreland Coal (NASDAQ:WLB) to announce $0.98 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Westmoreland Coal’s earnings. Westmoreland Coal posted earnings of ($0.41) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 339%. The business is scheduled to issue its next earnings results on Tuesday, March 27th.

According to Zacks, analysts expect that Westmoreland Coal will report full-year earnings of ($4.71) per share for the current fiscal year. For the next fiscal year, analysts forecast that the company will report earnings of ($0.89) per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Westmoreland Coal.

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A number of equities analysts have recently weighed in on WLB shares. ValuEngine upgraded Westmoreland Coal from a “sell” rating to a “hold” rating in a research note on Wednesday, February 28th. Zacks Investment Research upgraded Westmoreland Coal from a “sell” rating to a “hold” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Westmoreland Coal presently has a consensus rating of “Hold” and a consensus price target of $6.00.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Teachers Advisors LLC boosted its stake in shares of Westmoreland Coal by 9.2% in the 2nd quarter. Teachers Advisors LLC now owns 77,144 shares of the coal producer’s stock worth $376,000 after buying an additional 6,478 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Westmoreland Coal by 35.6% in the 2nd quarter. Alliancebernstein L.P. now owns 27,400 shares of the coal producer’s stock worth $133,000 after buying an additional 7,200 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Westmoreland Coal by 4.6% in the 2nd quarter. Northern Trust Corp now owns 211,804 shares of the coal producer’s stock worth $1,032,000 after buying an additional 9,401 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Westmoreland Coal by 53.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 56,152 shares of the coal producer’s stock worth $274,000 after buying an additional 19,500 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Westmoreland Coal by 18.5% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 139,920 shares of the coal producer’s stock worth $681,000 after buying an additional 21,845 shares during the last quarter. Hedge funds and other institutional investors own 51.04% of the company’s stock.

Shares of Westmoreland Coal (NASDAQ WLB) traded down $0.04 on Friday, reaching $0.42. The company’s stock had a trading volume of 212,123 shares, compared to its average volume of 488,389. Westmoreland Coal has a 1 year low of $0.40 and a 1 year high of $16.00. The company has a debt-to-equity ratio of -1.32, a current ratio of 1.04 and a quick ratio of 0.71.

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Westmoreland Coal Company Profile

Westmoreland Coal Company is an energy company. The Company operates through six segments: Coal-U.S., Coal-Canada, Coal-(WMLP), Power, Heritage and Corporate. The Coal-U.S. segment includes the operations of coal mines located in Montana, North Dakota, Ohio, Texas and New Mexico. The Coal-Canada segment includes the operations of coal mines located in Alberta and Saskatchewan.

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