Westmoreland Coal (WLB) Expected to Post Quarterly Sales of $296.80 Million

Brokerages expect that Westmoreland Coal (NASDAQ:WLB) will post $296.80 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Westmoreland Coal’s earnings. The highest sales estimate is $317.60 million and the lowest is $276.00 million. Westmoreland Coal posted sales of $392.74 million during the same quarter last year, which suggests a negative year over year growth rate of 24.4%. The company is expected to issue its next earnings results on Tuesday, March 27th.

According to Zacks, analysts expect that Westmoreland Coal will report full-year sales of $296.80 million for the current fiscal year, with estimates ranging from $1.30 billion to $1.34 billion. For the next year, analysts anticipate that the firm will report sales of $1.05 billion per share, with estimates ranging from $910.00 million to $1.19 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Westmoreland Coal.

WLB has been the subject of a number of research reports. Zacks Investment Research raised shares of Westmoreland Coal from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 2nd. B. Riley reissued a “buy” rating on shares of Westmoreland Coal in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Westmoreland Coal presently has a consensus rating of “Hold” and an average price target of $6.00.

Shares of Westmoreland Coal (WLB) traded up $0.03 on Thursday, reaching $1.32. The company’s stock had a trading volume of 209,200 shares, compared to its average volume of 229,400. The firm has a market cap of $24.18, a P/E ratio of -0.22 and a beta of 0.66. 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 52 week low of $0.95 and a 52 week high of $19.03.

Several large investors have recently made changes to their positions in WLB. Western Standard LLC bought a new position in shares of Westmoreland Coal in the second quarter valued at approximately $123,000. Alliancebernstein L.P. boosted its holdings in Westmoreland Coal by 35.6% during the second quarter. Alliancebernstein L.P. now owns 27,400 shares of the coal producer’s stock worth $133,000 after buying an additional 7,200 shares in the last quarter. Tudor Investment Corp ET AL boosted its holdings in Westmoreland Coal by 166.7% during the second quarter. Tudor Investment Corp ET AL now owns 38,012 shares of the coal producer’s stock worth $185,000 after buying an additional 23,758 shares in the last quarter. Edge Wealth Management LLC bought a new stake in Westmoreland Coal during the third quarter worth approximately $128,000. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Westmoreland Coal by 53.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 56,152 shares of the coal producer’s stock worth $274,000 after buying an additional 19,500 shares in the last quarter. Institutional investors own 65.90% of the company’s stock.

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Westmoreland Coal Company Profile

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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