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.
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.
COPYRIGHT VIOLATION NOTICE: “Zacks: Brokerages Anticipate Westmoreland Coal (WLB) to Announce $0.98 EPS” was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at https://www.dispatchtribunal.com/2018/04/07/zacks-brokerages-anticipate-westmoreland-coal-wlb-to-announce-0-98-eps.html.
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.
Get a free copy of the Zacks research report on Westmoreland Coal (WLB)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Westmoreland Coal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westmoreland Coal and related companies with MarketBeat.com's FREE daily email newsletter.