Wall Street analysts forecast that Westmoreland Coal Company (NASDAQ:WLB) will report earnings per share (EPS) of $0.75 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Westmoreland Coal’s earnings, with the lowest EPS estimate coming in at $0.14 and the highest estimate coming in at $1.35. Westmoreland Coal posted earnings of ($0.41) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 282.9%. The firm is scheduled to report its next earnings results on Tuesday, March 27th.
According to Zacks, analysts expect that Westmoreland Coal will report full year earnings of ($4.95) per share for the current year, with EPS estimates ranging from ($5.55) to ($4.34). For the next fiscal year, analysts anticipate that the company will report earnings of ($2.63) per share, with EPS estimates ranging from ($5.05) to ($0.20). Zacks’ EPS averages are an average based on a survey of research analysts that follow Westmoreland Coal.
WLB has been the topic of several recent research reports. Zacks Investment Research upgraded Westmoreland Coal from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 2nd. FBR & Co restated a “buy” rating and issued a $7.00 price target on shares of Westmoreland Coal in a research report on Friday, September 1st. B. Riley restated a “buy” rating on shares of Westmoreland Coal in a research report on Monday, November 6th. Finally, BMO Capital Markets cut Westmoreland Coal from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $18.00 to $5.00 in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Westmoreland Coal presently has a consensus rating of “Hold” and an average target price of $6.00.
Shares of Westmoreland Coal (NASDAQ WLB) traded down $0.11 during trading on Tuesday, reaching $1.23. The company’s stock had a trading volume of 403,500 shares, compared to its average volume of 310,383. The company has a debt-to-equity ratio of -1.32, a current ratio of 1.04 and a quick ratio of 0.71. Westmoreland Coal has a fifty-two week low of $1.12 and a fifty-two week high of $19.92.
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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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