$246.99 Million in Sales Expected for Cloud Peak Energy Inc (CLD) This Quarter
Equities analysts expect that Cloud Peak Energy Inc (NYSE:CLD) will announce sales of $246.99 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Cloud Peak Energy’s earnings, with the highest sales estimate coming in at $260.40 million and the lowest estimate coming in at $229.87 million. Cloud Peak Energy posted sales of $217.07 million in the same quarter last year, which would indicate a positive year over year growth rate of 13.8%. The firm is scheduled to announce its next quarterly earnings report on Thursday, October 26th.
On average, analysts expect that Cloud Peak Energy will report full year sales of $246.99 million for the current financial year, with estimates ranging from $893.06 million to $949.30 million. For the next fiscal year, analysts expect that the firm will report sales of $925.18 million per share, with estimates ranging from $819.20 million to $997.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Cloud Peak Energy.
Cloud Peak Energy (NYSE:CLD) last issued its quarterly earnings data on Thursday, July 27th. The mining company reported ($0.04) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.04). Cloud Peak Energy had a positive return on equity of 0.54% and a negative net margin of 0.47%. The company had revenue of $229.20 million during the quarter, compared to analyst estimates of $236.94 million. During the same quarter in the previous year, the firm earned $0.48 earnings per share. Cloud Peak Energy’s revenue was up 31.6% on a year-over-year basis.
Several analysts recently issued reports on the company. BidaskClub downgraded Cloud Peak Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised Cloud Peak Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. BMO Capital Markets set a $4.00 target price on Cloud Peak Energy and gave the company a “hold” rating in a research note on Saturday, August 5th. Stifel Nicolaus reissued a “buy” rating and set a $6.00 target price on shares of Cloud Peak Energy in a research note on Friday, July 21st. Finally, ValuEngine downgraded Cloud Peak Energy from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $5.41.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System grew its holdings in Cloud Peak Energy by 0.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 30,600 shares of the mining company’s stock valued at $108,000 after buying an additional 100 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in Cloud Peak Energy by 78.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 24,555 shares of the mining company’s stock valued at $112,000 after buying an additional 10,801 shares in the last quarter. KCG Holdings Inc. purchased a new position in Cloud Peak Energy during the 1st quarter valued at approximately $112,000. Hartford Investment Management Co. purchased a new position in Cloud Peak Energy during the 2nd quarter valued at approximately $119,000. Finally, AJO LP purchased a new position in Cloud Peak Energy during the 2nd quarter valued at approximately $120,000. Institutional investors and hedge funds own 81.14% of the company’s stock.
Cloud Peak Energy (CLD) opened at 3.59 on Friday. Cloud Peak Energy has a one year low of $2.78 and a one year high of $8.03. The stock’s market cap is $269.72 million. The stock’s 50 day moving average price is $3.15 and its 200 day moving average price is $3.60.
About Cloud Peak Energy
Cloud Peak Energy Inc is a producer of coal in the United States of America and the Powder River Basin (PRB). In the PRB, the Company owns and operates three surface coal mines: the Antelope Mine, the Cordero Rojo Mine and the Spring Creek Mine. Its segments include Owned and Operated Mines, and Logistics and Related Activities.
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