Analysts expect that Consol Energy Inc (NYSE:CEIX) will announce $0.86 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Consol Energy’s earnings, with estimates ranging from $0.68 to $1.12. Consol Energy posted earnings per share of $1.06 in the same quarter last year, which would suggest a negative year-over-year growth rate of 18.9%. The business is expected to report its next earnings results on Tuesday, February 5th.
According to Zacks, analysts expect that Consol Energy will report full year earnings of $5.02 per share for the current fiscal year, with EPS estimates ranging from $4.78 to $5.20. For the next year, analysts forecast that the company will post earnings of $3.57 per share, with EPS estimates ranging from $1.98 to $5.43. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Consol Energy.
Consol Energy (NYSE:CEIX) last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.33). Consol Energy had a net margin of 5.61% and a return on equity of 34.09%. The company had revenue of $295.00 million for the quarter, compared to the consensus estimate of $338.77 million. The firm’s revenue was up 5.7% compared to the same quarter last year.
CEIX has been the subject of several research analyst reports. Zacks Investment Research raised shares of Consol Energy from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Wednesday, July 25th. Seaport Global Securities reaffirmed a “buy” rating and set a $52.00 price target on shares of Consol Energy in a research note on Thursday, August 2nd. Finally, B. Riley boosted their price objective on shares of Consol Energy from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $47.25.
Shares of Consol Energy stock traded up $0.90 on Tuesday, hitting $40.92. 458,855 shares of the company traded hands, compared to its average volume of 428,792. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.12 and a current ratio of 1.26. Consol Energy has a 52 week low of $19.51 and a 52 week high of $48.12. The company has a market capitalization of $1.06 billion and a PE ratio of 9.09.
A number of large investors have recently modified their holdings of the stock. BlackRock Inc. raised its stake in Consol Energy by 37.0% in the second quarter. BlackRock Inc. now owns 3,733,884 shares of the company’s stock worth $143,194,000 after buying an additional 1,008,965 shares in the last quarter. WINTON GROUP Ltd raised its stake in Consol Energy by 19.4% in the third quarter. WINTON GROUP Ltd now owns 511,682 shares of the company’s stock worth $20,882,000 after buying an additional 83,158 shares in the last quarter. Northern Trust Corp raised its stake in Consol Energy by 111.2% in the second quarter. Northern Trust Corp now owns 348,934 shares of the company’s stock worth $13,383,000 after buying an additional 183,686 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Consol Energy by 9.5% in the second quarter. Bank of New York Mellon Corp now owns 317,748 shares of the company’s stock worth $12,185,000 after buying an additional 27,487 shares in the last quarter. Finally, Millennium Management LLC raised its stake in Consol Energy by 32.4% in the second quarter. Millennium Management LLC now owns 287,033 shares of the company’s stock worth $11,008,000 after buying an additional 70,182 shares in the last quarter. 88.27% of the stock is owned by institutional investors.
Consol Energy Company Profile
CONSOL Energy Inc produces and exports bituminous thermal and crossover metallurgical coal. The company owns and operates its mining operations in the Northern Appalachian Basin. Its flagship operation is the Pennsylvania Mining Complex (PAMC), which comprises three underground mines, including Bailey, Enlow Fork, and Harvey.
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