Ciner Resources LP (CINR) Set to Announce Quarterly Earnings on Monday
Ciner Resources LP (NYSE:CINR) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of $0.49 per share for the quarter.
Ciner Resources (NYSE:CINR) last released its earnings results on Monday, August 7th. The basic materials company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.12). Ciner Resources had a return on equity of 15.65% and a net margin of 8.18%. The firm had revenue of $119.70 million for the quarter, compared to analysts’ expectations of $129.20 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. On average, analysts expect Ciner Resources to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Ciner Resources LP (CINR) opened at $24.54 on Friday. The company has a current ratio of 2.96, a quick ratio of 2.62 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $503.13 million, a price-to-earnings ratio of 12.81 and a beta of 0.99.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, November 6th will be issued a dividend of $0.567 per share. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $2.27 annualized dividend and a dividend yield of 9.24%. This is a positive change from Ciner Resources’s previous quarterly dividend of $0.56. Ciner Resources’s dividend payout ratio is currently 114.07%.
Several equities analysts have recently weighed in on the stock. Citigroup Inc reiterated a “neutral” rating and set a $25.00 price objective (down previously from $29.00) on shares of Ciner Resources in a report on Thursday, August 10th. Zacks Investment Research lowered shares of Ciner Resources from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Finally, BidaskClub upgraded shares of Ciner Resources from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $25.00.
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Ciner Resources Company Profile
Ciner Resources LP, through its subsidiary, Ciner Wyoming LLC (Ciner Wyoming), produces soda ash and serves a global market from its facility in the Green River Basin of Wyoming. The Company processes trona ore into soda ash, a raw material in flat glass, container glass, detergents, chemicals, paper and other consumer and industrial products.
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