Equities research analysts forecast that Cloud Peak Energy Inc. (NYSE:CLD) will post earnings of ($0.08) per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Cloud Peak Energy’s earnings. The highest EPS estimate is ($0.06) and the lowest is ($0.09). Cloud Peak Energy posted earnings per share of ($0.04) in the same quarter last year, which would indicate a negative year-over-year growth rate of 100%. The business is scheduled to issue its next earnings results on Thursday, July 26th.
On average, analysts expect that Cloud Peak Energy will report full-year earnings of ($0.22) per share for the current financial year, with EPS estimates ranging from ($0.30) to ($0.17). For the next financial year, analysts anticipate that the firm will report earnings of ($0.37) per share, with EPS estimates ranging from ($0.63) to ($0.06). Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Cloud Peak Energy.
Cloud Peak Energy (NYSE:CLD) last announced its quarterly earnings results on Thursday, April 26th. The mining company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The firm had revenue of $216.30 million for the quarter, compared to the consensus estimate of $230.40 million. Cloud Peak Energy had a net margin of 0.63% and a negative return on equity of 2.05%. Cloud Peak Energy’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.30) earnings per share.
Several equities research analysts have recently weighed in on CLD shares. Zacks Investment Research upgraded Cloud Peak Energy from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 11th. B. Riley reduced their price target on Cloud Peak Energy from $4.00 to $3.00 and set a “neutral” rating on the stock in a report on Friday, April 27th. ValuEngine downgraded Cloud Peak Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, February 17th. Jefferies Financial Group set a $3.00 price target on Cloud Peak Energy and gave the stock a “hold” rating in a report on Monday, April 9th. Finally, TheStreet downgraded Cloud Peak Energy from a “c-” rating to a “d+” rating in a report on Monday, February 26th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Cloud Peak Energy currently has an average rating of “Hold” and a consensus target price of $4.40.
Shares of Cloud Peak Energy opened at $3.67 on Wednesday, according to MarketBeat.com. The company has a current ratio of 2.22, a quick ratio of 1.63 and a debt-to-equity ratio of 0.41. Cloud Peak Energy has a fifty-two week low of $2.76 and a fifty-two week high of $5.70. The company has a market capitalization of $281.87 million, a PE ratio of -8.53 and a beta of 2.06.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. OppenheimerFunds Inc. increased its holdings in Cloud Peak Energy by 14.3% during the 1st quarter. OppenheimerFunds Inc. now owns 153,976 shares of the mining company’s stock worth $448,000 after purchasing an additional 19,221 shares during the period. Citigroup Inc. increased its holdings in Cloud Peak Energy by 147.8% during the 1st quarter. Citigroup Inc. now owns 75,805 shares of the mining company’s stock worth $221,000 after purchasing an additional 45,217 shares during the period. New York State Common Retirement Fund increased its holdings in Cloud Peak Energy by 31.0% during the 1st quarter. New York State Common Retirement Fund now owns 147,127 shares of the mining company’s stock worth $428,000 after purchasing an additional 34,818 shares during the period. Matarin Capital Management LLC purchased a new position in Cloud Peak Energy during the 1st quarter worth $3,254,000. Finally, BlackRock Inc. increased its holdings in Cloud Peak Energy by 2.1% during the 1st quarter. BlackRock Inc. now owns 9,439,474 shares of the mining company’s stock worth $27,468,000 after purchasing an additional 193,166 shares during the period. Institutional investors own 83.27% of the company’s stock.
Cloud Peak Energy Company Profile
Cloud Peak Energy Inc produces coal in the Powder River Basin and the United States. The company operates through Owned and Operated Mines, and Logistics and Related Activities. It owns and operates three surface coal mines comprising the Antelope Mine and the Cordero Rojo Mine located in Wyoming; and the Spring Creek Mine located in Montana.
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