Wall Street brokerages predict that Consol Energy Inc (NYSE:CEIX) will report $379.90 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Consol Energy’s earnings, with the highest sales estimate coming in at $388.20 million and the lowest estimate coming in at $363.50 million. Consol Energy reported sales of $415.27 million during the same quarter last year, which indicates a negative year-over-year growth rate of 8.5%. The company is scheduled to report its next earnings results before the market opens on Tuesday, August 6th.
On average, analysts expect that Consol Energy will report full-year sales of $1.47 billion for the current fiscal year, with estimates ranging from $1.45 billion to $1.50 billion. For the next financial year, analysts expect that the company will report sales of $1.44 billion, with estimates ranging from $1.41 billion to $1.46 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Consol Energy.
Consol Energy (NYSE:CEIX) last announced its earnings results on Wednesday, May 8th. The company reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.42. Consol Energy had a return on equity of 24.27% and a net margin of 7.04%. The business had revenue of $332.50 million during the quarter, compared to analysts’ expectations of $366.50 million. During the same quarter last year, the business posted $2.20 earnings per share. The company’s quarterly revenue was down 5.3% on a year-over-year basis.
Several research analysts recently weighed in on CEIX shares. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a research note on Tuesday. ValuEngine raised VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th.
Hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Consol Energy by 33.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,812 shares of the company’s stock valued at $62,000 after purchasing an additional 455 shares during the period. Meeder Asset Management Inc. boosted its position in shares of Consol Energy by 64.8% in the 1st quarter. Meeder Asset Management Inc. now owns 2,091 shares of the company’s stock valued at $70,000 after purchasing an additional 822 shares during the period. Globeflex Capital L P acquired a new position in shares of Consol Energy in the 4th quarter valued at $106,000. NumerixS Investment Technologies Inc acquired a new position in shares of Consol Energy in the 1st quarter valued at $136,000. Finally, Convergence Investment Partners LLC acquired a new position in shares of Consol Energy in the 1st quarter valued at $148,000. 83.56% of the stock is owned by institutional investors and hedge funds.
Shares of CEIX stock opened at $25.19 on Friday. The company’s 50-day moving average price is $26.32. Consol Energy has a fifty-two week low of $24.78 and a fifty-two week high of $47.49. The company has a market capitalization of $705.74 million, a PE ratio of 4.68 and a beta of 1.05. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.97 and a quick ratio of 0.84.
About Consol Energy
CONSOL Energy Inc produces and exports bituminous coal. It owns and operates its mining operations in the Northern Appalachian Basin. The company owns and operates the Pennsylvania Mining Complex (PAMC), which comprises three underground mines, including Bailey, Enlow Fork, and Harvey; and CONSOL Marine Terminal located in the port of Baltimore.
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