Brokerages expect that Cloud Peak Energy Inc. (NYSE:CLD) will report sales of $242.34 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Cloud Peak Energy’s earnings, with the highest sales estimate coming in at $253.40 million and the lowest estimate coming in at $233.30 million. Cloud Peak Energy reported sales of $195.73 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 23.8%. The firm is expected to announce its next quarterly earnings report on Thursday, April 26th.
On average, analysts expect that Cloud Peak Energy will report full-year sales of $242.34 million for the current year, with estimates ranging from $947.42 million to $986.90 million. For the next fiscal year, analysts expect that the company will report sales of $955.61 million per share, with estimates ranging from $928.15 million to $993.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Cloud Peak Energy.
Cloud Peak Energy (NYSE:CLD) last posted its quarterly earnings data on Thursday, February 15th. The mining company reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.15). The firm had revenue of $213.89 million during the quarter, compared to analysts’ expectations of $244.38 million. Cloud Peak Energy had a negative return on equity of 3.29% and a negative net margin of 0.75%. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period last year, the company earned $0.39 earnings per share.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new position in shares of Cloud Peak Energy during the fourth quarter valued at approximately $193,000. Millennium Management LLC boosted its stake in shares of Cloud Peak Energy by 738.6% during the fourth quarter. Millennium Management LLC now owns 1,042,506 shares of the mining company’s stock valued at $4,639,000 after purchasing an additional 918,196 shares in the last quarter. Two Sigma Investments LP bought a new position in shares of Cloud Peak Energy during the fourth quarter valued at approximately $1,886,000. Two Sigma Advisers LP bought a new position in shares of Cloud Peak Energy during the fourth quarter valued at approximately $157,000. Finally, Ellington Management Group LLC bought a new position in shares of Cloud Peak Energy during the fourth quarter valued at approximately $124,000. Hedge funds and other institutional investors own 82.38% of the company’s stock.
Shares of Cloud Peak Energy (NYSE CLD) traded up $0.03 during trading hours on Friday, hitting $3.48. 745,347 shares of the stock were exchanged, compared to its average volume of 1,210,000. The stock has a market capitalization of $261.49, a price-to-earnings ratio of 12.89 and a beta of 2.05. Cloud Peak Energy has a fifty-two week low of $2.78 and a fifty-two week high of $5.70. The company has a current ratio of 2.26, a quick ratio of 1.65 and a debt-to-equity ratio of 0.40.
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Cloud Peak Energy Company Profile
Cloud Peak Energy Inc is a producer of coal in the United States of America and the Powder River Basin (PRB). In the PRB, the Company owns and operates three surface coal mines: the Antelope Mine, the Cordero Rojo Mine and the Spring Creek Mine. Its segments include Owned and Operated Mines, and Logistics and Related Activities.
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