Wall Street analysts expect Cloud Peak Energy Inc. (NYSE:CLD) to post $223.60 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Cloud Peak Energy’s earnings, with the highest sales estimate coming in at $228.90 million and the lowest estimate coming in at $217.90 million. Cloud Peak Energy posted sales of $213.89 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.5%. The company is scheduled to report its next earnings report on Thursday, February 21st.
On average, analysts expect that Cloud Peak Energy will report full year sales of $865.98 million for the current year, with estimates ranging from $827.00 million to $884.00 million. For the next year, analysts forecast that the firm will post sales of $947.53 million, with estimates ranging from $902.80 million to $1.00 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Cloud Peak Energy.
Cloud Peak Energy (NYSE:CLD) last announced its quarterly earnings results on Thursday, October 25th. The mining company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.24. Cloud Peak Energy had a negative return on equity of 3.66% and a negative net margin of 0.81%. The company had revenue of $233.08 million for the quarter, compared to the consensus estimate of $244.03 million.
CLD has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Cloud Peak Energy from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. MKM Partners set a $2.00 target price on Cloud Peak Energy and gave the stock a “hold” rating in a report on Friday, November 2nd. ValuEngine upgraded Cloud Peak Energy from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Finally, BMO Capital Markets reduced their target price on Cloud Peak Energy from $3.00 to $2.00 and set a “hold” rating on the stock in a report on Friday, October 26th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Cloud Peak Energy presently has an average rating of “Hold” and a consensus price target of $2.83.
Several hedge funds have recently bought and sold shares of CLD. MetLife Investment Advisors LLC boosted its position in shares of Cloud Peak Energy by 219.7% in the 2nd quarter. MetLife Investment Advisors LLC now owns 39,445 shares of the mining company’s stock worth $138,000 after purchasing an additional 27,108 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Cloud Peak Energy by 160.7% in the 2nd quarter. SG Americas Securities LLC now owns 40,962 shares of the mining company’s stock worth $143,000 after purchasing an additional 25,248 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of Cloud Peak Energy in the 2nd quarter worth approximately $168,000. Hartford Investment Management Co. bought a new stake in shares of Cloud Peak Energy in the 2nd quarter worth approximately $183,000. Finally, Mackay Shields LLC boosted its position in shares of Cloud Peak Energy by 6.0% in the 2nd quarter. Mackay Shields LLC now owns 357,600 shares of the mining company’s stock worth $1,248,000 after purchasing an additional 20,100 shares in the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.
CLD stock opened at $0.89 on Friday. Cloud Peak Energy has a fifty-two week low of $0.69 and a fifty-two week high of $5.70. The company has a current ratio of 2.02, a quick ratio of 1.52 and a debt-to-equity ratio of 0.41. The company has a market cap of $62.15 million, a price-to-earnings ratio of -2.07 and a beta of 2.12.
About Cloud Peak Energy
Cloud Peak Energy Inc produces coal in the Powder River Basin and the United States. The company operates through Owned and Operated Mines, and Logistics and Related Activities. It owns and operates three surface coal mines comprising the Antelope Mine and the Cordero Rojo Mine located in Wyoming; and the Spring Creek Mine located in Montana.
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