Equities research analysts forecast that Cloud Peak Energy Inc. (NYSE:CLD) will report $223.60 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Cloud Peak Energy’s earnings, with the lowest sales estimate coming in at $217.90 million and the highest estimate coming in at $228.90 million. Cloud Peak Energy posted sales of $213.89 million in the same quarter last year, which would indicate a positive year over year growth rate of 4.5%. The company is expected to announce 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 fiscal year, analysts anticipate that the business will post 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 that provide coverage for Cloud Peak Energy.
Cloud Peak Energy (NYSE:CLD) last released its quarterly earnings data on Thursday, October 25th. The mining company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.24. Cloud Peak Energy had a negative net margin of 0.81% and a negative return on equity of 3.66%. The company had revenue of $233.08 million for the quarter, compared to analysts’ expectations of $244.03 million.
A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Cloud Peak Energy from a “hold” rating to a “buy” rating and set a $2.75 price objective on the stock in a report on Wednesday, October 10th. BMO Capital Markets cut their price objective on shares of Cloud Peak Energy from $3.00 to $2.00 and set a “hold” rating on the stock in a report on Friday, October 26th. ValuEngine raised shares of Cloud Peak Energy from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Finally, MKM Partners set a $2.00 target price on shares of Cloud Peak Energy and gave the company a “hold” rating in a report on Friday, November 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $2.83.
Several institutional investors have recently made changes to their positions in CLD. Matarin Capital Management LLC acquired a new position in shares of Cloud Peak Energy in the 3rd quarter valued at $1,891,000. BlackRock Inc. increased its holdings in shares of Cloud Peak Energy by 6.7% in the 2nd quarter. BlackRock Inc. now owns 10,074,516 shares of the mining company’s stock valued at $35,159,000 after acquiring an additional 635,042 shares during the period. Schwab Charles Investment Management Inc. grew its position in Cloud Peak Energy by 13.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,094,136 shares of the mining company’s stock valued at $7,309,000 after buying an additional 246,723 shares during the last quarter. Systematic Financial Management LP grew its position in Cloud Peak Energy by 56.5% in the 3rd quarter. Systematic Financial Management LP now owns 472,090 shares of the mining company’s stock valued at $1,086,000 after buying an additional 170,530 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Cloud Peak Energy by 4.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,171,763 shares of the mining company’s stock valued at $4,995,000 after buying an additional 95,543 shares during the last quarter. 78.55% of the stock is currently owned by institutional investors and hedge funds.
CLD stock traded down $0.07 during midday trading on Friday, reaching $0.80. 466,941 shares of the company were exchanged, compared to its average volume of 1,034,098. The company has a current ratio of 2.02, a quick ratio of 1.52 and a debt-to-equity ratio of 0.41. Cloud Peak Energy has a 1-year low of $0.69 and a 1-year high of $5.70. The stock has a market cap of $63.46 million, a P/E ratio of -1.85 and a beta of 1.99.
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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