Westmoreland Coal Company (WLB) Scheduled to Post Earnings on Tuesday
Westmoreland Coal Company (NASDAQ:WLB) is scheduled to be releasing its earnings data before the market opens on Tuesday, October 31st. Analysts expect Westmoreland Coal to post earnings of ($0.16) per share for the quarter.
Westmoreland Coal (NASDAQ:WLB) last released its quarterly earnings data on Thursday, August 3rd. The coal producer reported ($2.69) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.58) by ($1.11). The business had revenue of $323.03 million for the quarter, compared to analysts’ expectations of $320.85 million. On average, analysts expect Westmoreland Coal to post $-4.57 EPS for the current fiscal year and $-3.18 EPS for the next fiscal year.
Westmoreland Coal Company (WLB) opened at 2.22 on Tuesday. The firm’s market capitalization is $41.61 million. Westmoreland Coal Company has a 12-month low of $1.88 and a 12-month high of $19.92. The firm has a 50 day moving average of $2.41 and a 200 day moving average of $5.28.
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A number of research firms have weighed in on WLB. FBR & Co reaffirmed a “buy” rating and set a $7.00 target price on shares of Westmoreland Coal in a report on Friday, September 1st. Zacks Investment Research downgraded Westmoreland Coal from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 24th. Finally, BMO Capital Markets downgraded Westmoreland Coal from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $18.00 to $5.00 in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. Westmoreland Coal currently has a consensus rating of “Hold” and a consensus target price of $10.67.
About Westmoreland Coal
Westmoreland Coal Company is an energy company. The Company operates through six segments: Coal-U.S., Coal-Canada, Coal-(WMLP), Power, Heritage and Corporate. The Coal-U.S. segment includes the operations of coal mines located in Montana, North Dakota, Ohio, Texas and New Mexico. The Coal-Canada segment includes the operations of coal mines located in Alberta and Saskatchewan.
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