Cloud Peak Energy Inc (CLD) Expected to Post Earnings of -$0.03 Per Share
Wall Street analysts expect Cloud Peak Energy Inc (NYSE:CLD) to announce ($0.03) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Cloud Peak Energy’s earnings. The lowest EPS estimate is ($0.06) and the highest is $0.00. Cloud Peak Energy reported earnings of $0.06 per share in the same quarter last year, which indicates a negative year over year growth rate of 150%. The firm is scheduled to report its next quarterly earnings report on Thursday, October 26th.
On average, analysts expect that Cloud Peak Energy will report full-year earnings of ($0.46) per share for the current year, with EPS estimates ranging from ($0.53) to ($0.42). For the next fiscal year, analysts forecast that the business will post earnings of ($0.23) per share, with EPS estimates ranging from ($0.48) to ($0.10). Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Cloud Peak Energy.
Cloud Peak Energy (NYSE:CLD) last released its quarterly earnings data on Thursday, July 27th. The mining company reported ($0.04) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.04). Cloud Peak Energy had a negative net margin of 0.47% and a positive return on equity of 0.54%. The business had revenue of $229.20 million during the quarter, compared to analysts’ expectations of $236.94 million. During the same quarter in the prior year, the company earned $0.48 EPS. The firm’s quarterly revenue was up 31.6% on a year-over-year basis.
Several equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Cloud Peak Energy from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. ValuEngine lowered shares of Cloud Peak Energy from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Stifel Nicolaus set a $6.00 target price on shares of Cloud Peak Energy and gave the company a “buy” rating in a report on Friday, August 25th. BMO Capital Markets set a $4.00 target price on shares of Cloud Peak Energy and gave the company a “hold” rating in a report on Saturday, August 5th. Finally, BidaskClub lowered shares of Cloud Peak Energy from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $5.29.
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A number of hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its holdings in Cloud Peak Energy by 63.6% in the second quarter. The Manufacturers Life Insurance Company now owns 161,670 shares of the mining company’s stock valued at $571,000 after buying an additional 62,859 shares during the period. State Street Corp lifted its holdings in Cloud Peak Energy by 231.3% in the second quarter. State Street Corp now owns 1,329,134 shares of the mining company’s stock valued at $4,691,000 after buying an additional 927,987 shares during the period. Voya Investment Management LLC lifted its holdings in Cloud Peak Energy by 55.2% in the second quarter. Voya Investment Management LLC now owns 87,872 shares of the mining company’s stock valued at $310,000 after buying an additional 31,246 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Cloud Peak Energy by 17.1% in the second quarter. Dimensional Fund Advisors LP now owns 5,150,906 shares of the mining company’s stock valued at $18,183,000 after buying an additional 751,657 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Cloud Peak Energy by 21.0% in the second quarter. Renaissance Technologies LLC now owns 4,592,000 shares of the mining company’s stock valued at $16,210,000 after buying an additional 796,400 shares during the period. Institutional investors and hedge funds own 81.14% of the company’s stock.
Shares of Cloud Peak Energy (CLD) opened at 3.67 on Wednesday. The company’s market cap is $275.73 million. The company has a 50 day moving average of $3.38 and a 200-day moving average of $3.55. Cloud Peak Energy has a 52-week low of $2.78 and a 52-week high of $8.03.
Cloud Peak Energy Company Profile
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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