Analysts forecast that Cloud Peak Energy Inc. (NYSE:CLD) will announce sales of $223.60 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Cloud Peak Energy’s earnings, with estimates ranging from $217.90 million to $228.90 million. Cloud Peak Energy reported sales of $213.89 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.5%. The firm is scheduled to issue its next quarterly earnings results on Thursday, February 21st.
According to Zacks, analysts expect that Cloud Peak Energy will report full-year sales of $865.98 million for the current fiscal year, with estimates ranging from $827.00 million to $884.00 million. For the next financial year, analysts forecast that the company will report sales of $947.53 million, with estimates ranging from $902.80 million to $1.00 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Cloud Peak Energy.
Cloud Peak Energy (NYSE:CLD) last issued its quarterly earnings results on Thursday, October 25th. The mining company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.24. Cloud Peak Energy had a negative return on equity of 3.66% and a negative net margin of 0.81%. The business had revenue of $233.08 million for the quarter, compared to analyst estimates of $244.03 million.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Cloud Peak Energy from a “buy” rating to a “hold” rating in a research note on Thursday. MKM Partners set a $2.00 price target on Cloud Peak Energy and gave the stock a “hold” rating in a research note on Friday, November 2nd. BMO Capital Markets dropped their price target on Cloud Peak Energy from $3.00 to $2.00 and set a “hold” rating on the stock in a research note on Friday, October 26th. ValuEngine upgraded Cloud Peak Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Finally, Jefferies Financial Group set a $3.00 price target on Cloud Peak Energy and gave the stock a “hold” rating in a research note on Monday, July 30th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $2.83.
Shares of CLD stock traded down $0.16 during trading hours on Wednesday, reaching $1.48. 1,129,232 shares of the company’s stock were exchanged, compared to its average volume of 520,742. Cloud Peak Energy has a 1 year low of $1.47 and a 1 year high of $5.70. The firm has a market capitalization of $131.10 million, a price-to-earnings ratio of -3.44 and a beta of 2.12. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.52 and a current ratio of 2.02.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Cornerstone Wealth Management LLC purchased a new stake in Cloud Peak Energy in the second quarter valued at approximately $8,157,000. MetLife Investment Advisors LLC boosted its position in Cloud Peak Energy by 219.7% in the second quarter. MetLife Investment Advisors LLC now owns 39,445 shares of the mining company’s stock valued at $138,000 after buying an additional 27,108 shares during the last quarter. SG Americas Securities LLC boosted its position in Cloud Peak Energy by 160.7% in the second quarter. SG Americas Securities LLC now owns 40,962 shares of the mining company’s stock valued at $143,000 after buying an additional 25,248 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in Cloud Peak Energy in the second quarter valued at approximately $168,000. Finally, Hartford Investment Management Co. purchased a new stake in Cloud Peak Energy in the second quarter valued at approximately $183,000. Hedge funds and other institutional investors own 81.32% of the company’s stock.
About Cloud Peak Energy
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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