Brokerages expect that Cloud Peak Energy Inc. (NYSE:CLD) will announce $250.70 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Cloud Peak Energy’s earnings. The lowest sales estimate is $247.01 million and the highest is $253.30 million. Cloud Peak Energy reported sales of $248.88 million during the same quarter last year, which would suggest a positive year over year growth rate of 0.7%. The company is scheduled to issue its next quarterly earnings report after the market closes on Thursday, October 25th.
On average, analysts expect that Cloud Peak Energy will report full year sales of $908.28 million for the current year, with estimates ranging from $877.00 million to $934.50 million. For the next year, analysts anticipate that the firm will report sales of $969.68 million, with estimates ranging from $936.20 million to $1.00 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Cloud Peak Energy.
Cloud Peak Energy (NYSE:CLD) last issued its quarterly earnings results on Thursday, July 26th. The mining company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.25). Cloud Peak Energy had a negative net margin of 1.94% and a negative return on equity of 4.68%. The firm had revenue of $205.70 million for the quarter, compared to analyst estimates of $230.72 million. During the same period last year, the company earned ($0.09) EPS. The company’s revenue was down 10.3% compared to the same quarter last year.
CLD has been the topic of several research reports. ValuEngine raised Cloud Peak Energy from a “hold” rating to a “buy” rating in a research note on Monday, July 30th. Zacks Investment Research raised Cloud Peak Energy from a “hold” rating to a “buy” rating and set a $4.00 price target on the stock in a research note on Tuesday, July 3rd. Jefferies Financial Group set a $3.00 price target on Cloud Peak Energy and gave the company a “hold” rating in a research note on Monday, July 30th. BMO Capital Markets cut their price target on Cloud Peak Energy from $4.00 to $3.00 and set a “market perform” rating on the stock in a research note on Friday, July 27th. Finally, B. Riley dropped their price objective on Cloud Peak Energy from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Monday, July 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $3.35.
Shares of CLD traded down $0.07 during trading hours on Friday, hitting $2.18. 617,800 shares of the stock traded hands, compared to its average volume of 734,865. The company has a quick ratio of 1.29, a current ratio of 1.86 and a debt-to-equity ratio of 0.42. Cloud Peak Energy has a 1-year low of $2.14 and a 1-year high of $5.70. The firm has a market capitalization of $174.29 million, a PE ratio of -5.07 and a beta of 1.99.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. OppenheimerFunds Inc. increased its holdings in Cloud Peak Energy by 14.3% in the first quarter. OppenheimerFunds Inc. now owns 153,976 shares of the mining company’s stock valued at $448,000 after purchasing an additional 19,221 shares during the last quarter. Mackay Shields LLC increased its holdings in Cloud Peak Energy by 6.0% in the second quarter. Mackay Shields LLC now owns 357,600 shares of the mining company’s stock valued at $1,248,000 after purchasing an additional 20,100 shares during the last quarter. SG Americas Securities LLC increased its holdings in Cloud Peak Energy by 160.7% in the second quarter. SG Americas Securities LLC now owns 40,962 shares of the mining company’s stock valued at $143,000 after purchasing an additional 25,248 shares during the last quarter. MetLife Investment Advisors LLC increased its holdings in Cloud Peak Energy by 219.7% in the second quarter. MetLife Investment Advisors LLC now owns 39,445 shares of the mining company’s stock valued at $138,000 after purchasing an additional 27,108 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Cloud Peak Energy by 0.5% in the second quarter. Renaissance Technologies LLC now owns 5,900,700 shares of the mining company’s stock valued at $20,593,000 after purchasing an additional 27,800 shares during the last quarter. Institutional investors and hedge funds own 81.78% of the company’s stock.
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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