BB&T Corp. Downgrades James River Coal Company to Underweight (JRCC)
James River Coal Company (NASDAQ:JRCC) was downgraded by stock analysts at BB&T Corp. from a “hold” rating to an “underweight” rating in a report issued on Wednesday, TheFlyOnTheWall.com reports.
Shares of James River Coal Company (NASDAQ:JRCC) traded down 1.16% on Wednesday, hitting $2.125. 128,512 shares of the company’s stock traded hands. James River Coal Company has a one year low of $1.46 and a one year high of $5.89. The stock’s 50-day moving average is $2.0 and its 200-day moving average is $2.11. The company’s market cap is $74.6 million.
James River Coal Company (NASDAQ:JRCC) last posted its quarterly earnings results on Friday, August 9th. The company reported ($1.04) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($1.33) by $0.29. The company had revenue of $160.15 million for the quarter, compared to the consensus estimate of $195.07 million. During the same quarter in the previous year, the company posted ($0.74) earnings per share. The company’s revenue for the quarter was down 42.2% on a year-over-year basis. On average, analysts predict that James River Coal Company will post $-4.75 earnings per share for the current fiscal year.
James River Coal Company mines, processes and sells bituminous, steam- and industrial-grade coal through six operating subsidiaries (NASDAQ:JRCC) located throughout eastern Kentucky and in southern Indiana.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.