Equities research analysts expect Cloud Peak Energy Inc. (NYSE:CLD) to announce ($0.23) earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Cloud Peak Energy’s earnings. The highest EPS estimate is ($0.21) and the lowest is ($0.24). Cloud Peak Energy posted earnings of ($0.16) per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 43.8%. The company is expected to announce its next quarterly earnings results on Thursday, February 21st.
According to Zacks, analysts expect that Cloud Peak Energy will report full year earnings of ($0.50) per share for the current fiscal year, with EPS estimates ranging from ($0.59) to ($0.38). For the next financial year, analysts expect that the company will post earnings of ($0.47) per share, with EPS estimates ranging from ($0.65) to ($0.08). Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Cloud Peak Energy.
CLD has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Cloud Peak Energy from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. BMO Capital Markets lowered their price target on shares of Cloud Peak Energy from $3.00 to $2.00 and set a “hold” rating on the stock in a report on Friday, October 26th. Finally, MKM Partners set a $2.00 price target on shares of Cloud Peak Energy and gave the company a “hold” rating in a report on Friday, November 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $2.88.
Large investors have recently modified their holdings of the business. Assenagon Asset Management S.A. purchased a new position in Cloud Peak Energy during the fourth quarter valued at approximately $53,000. Rhumbline Advisers lifted its holdings in Cloud Peak Energy by 18.9% during the fourth quarter. Rhumbline Advisers now owns 220,124 shares of the mining company’s stock valued at $81,000 after purchasing an additional 34,938 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Cloud Peak Energy by 115.7% during the fourth quarter. Acadian Asset Management LLC now owns 359,133 shares of the mining company’s stock valued at $131,000 after purchasing an additional 192,665 shares in the last quarter. Systematic Financial Management LP lifted its holdings in Cloud Peak Energy by 56.5% during the third quarter. Systematic Financial Management LP now owns 472,090 shares of the mining company’s stock valued at $1,086,000 after purchasing an additional 170,530 shares in the last quarter. Finally, Matarin Capital Management LLC purchased a new position in Cloud Peak Energy during the third quarter valued at approximately $1,891,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:CLD opened at $0.43 on Tuesday. The company has a current ratio of 2.02, a quick ratio of 1.52 and a debt-to-equity ratio of 0.41. Cloud Peak Energy has a 1-year low of $0.25 and a 1-year high of $4.40. The company has a market cap of $32.77 million, a price-to-earnings ratio of -1.01 and a beta of 2.51.
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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