Equities research analysts expect Ciner Resources LP (NYSE:CINR) to post $0.55 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Ciner Resources’ earnings. The highest EPS estimate is $0.58 and the lowest is $0.51. Ciner Resources reported earnings of $0.49 per share in the same quarter last year, which would suggest a positive year over year growth rate of 12.2%. The business is expected to announce its next quarterly earnings report on Thursday, February 15th.

On average, analysts expect that Ciner Resources will report full-year earnings of $1.97 per share for the current financial year, with EPS estimates ranging from $1.95 to $1.99. For the next financial year, analysts expect that the business will report earnings of $2.29 per share, with EPS estimates ranging from $2.15 to $2.43. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Ciner Resources.

Ciner Resources (NYSE:CINR) last announced its earnings results on Monday, November 6th. The basic materials company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.03). The company had revenue of $122.50 million for the quarter, compared to the consensus estimate of $118.10 million. Ciner Resources had a net margin of 7.77% and a return on equity of 15.13%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.56 EPS.

A number of analysts have recently weighed in on the company. B. Riley reissued a “buy” rating on shares of Ciner Resources in a research report on Wednesday, November 1st. ValuEngine raised Ciner Resources from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Citigroup reissued a “neutral” rating and issued a $25.00 price objective (down previously from $29.00) on shares of Ciner Resources in a research report on Thursday, August 10th. Zacks Investment Research cut Ciner Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Finally, BidaskClub raised Ciner Resources from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Ciner Resources currently has a consensus rating of “Hold” and an average price target of $25.00.

Shares of Ciner Resources (CINR) opened at $25.77 on Thursday. The company has a current ratio of 3.48, a quick ratio of 3.08 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $517.81, a price-to-earnings ratio of 13.82 and a beta of 1.00. Ciner Resources has a 52-week low of $22.61 and a 52-week high of $32.50.

The company also recently announced a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, November 6th were paid a $0.567 dividend. This is a positive change from Ciner Resources’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $2.27 dividend on an annualized basis and a yield of 8.80%. Ciner Resources’s dividend payout ratio (DPR) is 119.47%.

A number of hedge funds have recently modified their holdings of CINR. Wells Fargo & Company MN raised its stake in Ciner Resources by 80,992.0% in the 3rd quarter. Wells Fargo & Company MN now owns 162,184 shares of the basic materials company’s stock worth $4,063,000 after acquiring an additional 161,984 shares during the last quarter. FMR LLC raised its stake in Ciner Resources by 97.5% in the 2nd quarter. FMR LLC now owns 285,435 shares of the basic materials company’s stock worth $7,821,000 after acquiring an additional 140,931 shares during the last quarter. Walthausen & Co. LLC raised its stake in Ciner Resources by 15.1% in the 2nd quarter. Walthausen & Co. LLC now owns 403,860 shares of the basic materials company’s stock worth $11,066,000 after acquiring an additional 53,090 shares during the last quarter. Western Standard LLC purchased a new position in Ciner Resources in the 3rd quarter worth $816,000. Finally, Midas Management Corp raised its stake in Ciner Resources by 17.4% in the 3rd quarter. Midas Management Corp now owns 111,302 shares of the basic materials company’s stock worth $2,788,000 after acquiring an additional 16,500 shares during the last quarter. Institutional investors own 9.00% of the company’s stock.

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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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