Zacks: Brokerages Anticipate CONSOL Coal Resources LP (CCR) Will Announce Quarterly Sales of $81.99 Million

Analysts expect that CONSOL Coal Resources LP (NYSE:CCR) will report $81.99 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for CONSOL Coal Resources’ earnings, with the highest sales estimate coming in at $84.40 million and the lowest estimate coming in at $77.40 million. CONSOL Coal Resources posted sales of $84.29 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 2.7%. The firm is expected to announce its next earnings report before the market opens on Tuesday, February 6th.

According to Zacks, analysts expect that CONSOL Coal Resources will report full year sales of $81.99 million for the current fiscal year, with estimates ranging from $321.40 million to $328.40 million. For the next fiscal year, analysts expect that the business will post sales of $356.29 million per share, with estimates ranging from $320.30 million to $427.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for CONSOL Coal Resources.

CONSOL Coal Resources (NYSE:CCR) last released its quarterly earnings data on Monday, October 30th. The energy company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.35). CONSOL Coal Resources had a net margin of 9.94% and a return on equity of 21.14%. The company had revenue of $78.26 million for the quarter, compared to the consensus estimate of $76.46 million.

Several analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of CONSOL Coal Resources from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Tuesday. ValuEngine upgraded shares of CONSOL Coal Resources from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. TheStreet cut shares of CONSOL Coal Resources from a “c” rating to a “d” rating in a research report on Wednesday, November 29th. BidaskClub cut shares of CONSOL Coal Resources from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 15th. Finally, B. Riley restated a “buy” rating on shares of CONSOL Coal Resources in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $19.83.

Shares of CONSOL Coal Resources (NYSE CCR) traded down $0.45 during midday trading on Wednesday, hitting $15.55. 59,200 shares of the stock traded hands, compared to its average volume of 24,090. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.70 and a quick ratio of 0.52. The stock has a market cap of $431.58 and a PE ratio of 11.27. CONSOL Coal Resources has a 52-week low of $12.56 and a 52-week high of $19.55.

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About CONSOL Coal Resources

Consol Coal Resources LP, formerly CNX Coal Resources LP, is a producer of high-British thermal units (Btu) thermal coal. It is engaged in the management and development of coal operations of CONSOL Energy Inc (CONSOL Energy) in Pennsylvania. It holds interest in, and operational control over, CONSOL Energy’s Pennsylvania Mining Complex, which consists of three underground mines and related infrastructure that produce high-Btu bituminous thermal coal that is sold primarily to electric utilities in the eastern United States.

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