Equities research analysts expect Westmoreland Coal (NASDAQ:WLB) to report $302.30 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Westmoreland Coal’s earnings. The lowest sales estimate is $287.00 million and the highest is $317.60 million. Westmoreland Coal posted sales of $392.74 million during the same quarter last year, which would indicate a negative year over year growth rate of 23%. The business is expected to announce its next earnings results on Tuesday, March 27th.
According to Zacks, analysts expect that Westmoreland Coal will report full year sales of $302.30 million for the current year, with estimates ranging from $1.31 billion to $1.34 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.13 billion per share, with estimates ranging from $1.06 billion to $1.19 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Westmoreland Coal.
WLB has been the topic of a number of research reports. Zacks Investment Research raised 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 given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $6.00.
Several hedge funds have recently bought and sold shares of the company. Edge Wealth Management LLC bought a new position in Westmoreland Coal in the 3rd quarter worth about $128,000. Alliancebernstein L.P. raised its holdings in shares of Westmoreland Coal by 35.6% during the 2nd quarter. Alliancebernstein L.P. now owns 27,400 shares of the coal producer’s stock valued at $133,000 after buying an additional 7,200 shares in the last quarter. Creative Planning raised its holdings in shares of Westmoreland Coal by 169.2% during the 4th quarter. Creative Planning now owns 130,016 shares of the coal producer’s stock valued at $157,000 after buying an additional 81,710 shares in the last quarter. Tudor Investment Corp ET AL raised its holdings in shares of Westmoreland Coal by 166.7% during the 2nd quarter. Tudor Investment Corp ET AL now owns 38,012 shares of the coal producer’s stock valued at $185,000 after buying an additional 23,758 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Westmoreland Coal by 53.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 56,152 shares of the coal producer’s stock valued at $274,000 after buying an additional 19,500 shares in the last quarter. Institutional investors own 66.04% 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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