Equities analysts predict that Clean Energy Fuels Corp. (NASDAQ:CLNE) will report ($0.05) earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Clean Energy Fuels’ earnings. Clean Energy Fuels reported earnings per share of $0.41 during the same quarter last year, which suggests a negative year-over-year growth rate of 112.2%. The business is scheduled to announce its next earnings results on Thursday, May 3rd.
On average, analysts expect that Clean Energy Fuels will report full-year earnings of ($0.17) per share for the current fiscal year. For the next year, analysts forecast that the firm will report earnings of ($0.14) per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover Clean Energy Fuels.
Clean Energy Fuels (NASDAQ:CLNE) last released its earnings results on Tuesday, March 13th. The utilities provider reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.08). Clean Energy Fuels had a negative return on equity of 15.55% and a negative net margin of 23.20%. The company had revenue of $89.30 million for the quarter, compared to analysts’ expectations of $83.77 million. During the same period in the prior year, the firm posted ($0.02) EPS. The firm’s revenue for the quarter was down 12.3% on a year-over-year basis.
CLNE has been the subject of several research reports. BidaskClub cut shares of Clean Energy Fuels from a “sell” rating to a “strong sell” rating in a research note on Tuesday, January 9th. Zacks Investment Research cut shares of Clean Energy Fuels from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th.
In other Clean Energy Fuels news, Director John S. Herrington acquired 140,000 shares of the firm’s stock in a transaction on Thursday, March 15th. The stock was acquired at an average cost of $1.41 per share, for a total transaction of $197,400.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 14.90% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. MetLife Investment Advisors LLC acquired a new position in shares of Clean Energy Fuels in the 4th quarter valued at $153,000. Jane Street Group LLC lifted its stake in shares of Clean Energy Fuels by 1,062.0% in the 4th quarter. Jane Street Group LLC now owns 116,930 shares of the utilities provider’s stock valued at $237,000 after purchasing an additional 106,867 shares during the period. Two Sigma Investments LP acquired a new position in shares of Clean Energy Fuels in the 4th quarter valued at $439,000. Wells Fargo & Company MN lifted its stake in shares of Clean Energy Fuels by 44.5% in the 3rd quarter. Wells Fargo & Company MN now owns 198,069 shares of the utilities provider’s stock valued at $491,000 after purchasing an additional 60,966 shares during the period. Finally, Nationwide Fund Advisors lifted its stake in shares of Clean Energy Fuels by 8.0% in the 3rd quarter. Nationwide Fund Advisors now owns 389,065 shares of the utilities provider’s stock valued at $965,000 after purchasing an additional 28,778 shares during the period. Hedge funds and other institutional investors own 33.33% of the company’s stock.
Shares of NASDAQ CLNE opened at $1.57 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.50 and a debt-to-equity ratio of 0.27. Clean Energy Fuels has a 12 month low of $1.31 and a 12 month high of $3.05. The company has a market cap of $242.50, a price-to-earnings ratio of -2.96 and a beta of 1.38.
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Clean Energy Fuels Company Profile
Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The company supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for light, medium, and heavy-duty vehicles; and provides operation and maintenance services for vehicle fleet customer stations.
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