Natural Resource (NRP) Issues FY13 Earnings Guidance
Natural Resource (NYSE:NRP) issued an update on its FY13 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.40-1.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.47, AmericanBankingNews.com reports. The company issued revenue guidance of $330-360 million, compared to the consensus revenue estimate of $347.37 million.Natural Resource also updated its FY14 guidance to $1.10-1.30 EPS.
On a related note, analysts at Zacks reiterated a neutral rating on shares of Natural Resource in a research note to investors on Tuesday, November 19th. They now have a $21.00 price target on the stock.
Shares of Natural Resource (NYSE:NRP) traded down 0.29% during mid-day trading on Thursday, hitting $20.34. 311,314 shares of the company’s stock traded hands. Natural Resource has a 52 week low of $18.98 and a 52 week high of $24.37. The stock’s 50-day moving average is $19.87 and its 200-day moving average is $20.12. The company has a market cap of $2.234 billion and a P/E ratio of 12.21.
Natural Resource (NYSE:NRP) last announced its earnings results on Tuesday, November 5th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.36 by $0.04. The company had revenue of $82.20 million for the quarter, compared to the consensus estimate of $85.45 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was down 12.7% on a year-over-year basis. Analysts expect that Natural Resource will post $1.47 EPS for the current fiscal year.
Natural Resource Partners L.P. is a limited partnership engaged principally in the business of owning and managing coal properties in the three coal-producing regions of the United States: Appalachia, the Illinois Basin and the Western United States.
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