Equities research analysts predict that Ciner Resources (NYSE:CINR) will report $123.65 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Ciner Resources’ earnings, with the highest sales estimate coming in at $130.00 million and the lowest estimate coming in at $117.30 million. Ciner Resources posted sales of $119.70 million in the same quarter last year, which suggests a positive year over year growth rate of 3.3%. The business is scheduled to announce its next quarterly earnings results on Monday, August 6th.
According to Zacks, analysts expect that Ciner Resources will report full year sales of $503.10 million for the current year, with estimates ranging from $495.20 million to $511.00 million. For the next fiscal year, analysts expect that the firm will report sales of $510.20 million per share, with estimates ranging from $502.40 million to $518.00 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Ciner Resources.
Ciner Resources (NYSE:CINR) last posted its quarterly earnings results on Monday, May 7th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.12). Ciner Resources had a net margin of 8.29% and a return on equity of 16.54%. The business had revenue of $121.20 million for the quarter, compared to analysts’ expectations of $125.60 million.
Ciner Resources traded down $0.04, hitting $24.37, during trading on Friday, according to MarketBeat Ratings. 20,700 shares of the company’s stock traded hands, compared to its average volume of 17,391. The company has a quick ratio of 2.24, a current ratio of 2.58 and a debt-to-equity ratio of 0.50. Ciner Resources has a 12-month low of $24.50 and a 12-month high of $24.62. The firm has a market cap of $485.20 million, a price-to-earnings ratio of 11.77 and a beta of 0.88.
The company also recently announced a quarterly dividend, which will be paid on Monday, May 21st. Stockholders of record on Monday, May 7th will be issued a dividend of $0.567 per share. The ex-dividend date is Friday, May 4th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 9.31%. Ciner Resources’s dividend payout ratio is currently 109.66%.
Institutional investors have recently bought and sold shares of the company. Oppenheimer & Co. Inc. purchased a new stake in shares of Ciner Resources during the first quarter worth about $215,000. Renaissance Technologies LLC boosted its holdings in shares of Ciner Resources by 27.8% during the fourth quarter. Renaissance Technologies LLC now owns 11,500 shares of the basic materials company’s stock worth $289,000 after purchasing an additional 2,500 shares during the period. Starfire Investment Advisers Inc. purchased a new stake in shares of Ciner Resources during the fourth quarter worth about $486,000. Deutsche Bank AG boosted its holdings in shares of Ciner Resources by 267.8% during the fourth quarter. Deutsche Bank AG now owns 33,100 shares of the basic materials company’s stock worth $831,000 after purchasing an additional 24,100 shares during the period. Finally, Employees Retirement System of Texas boosted its holdings in shares of Ciner Resources by 100.0% during the fourth quarter. Employees Retirement System of Texas now owns 70,000 shares of the basic materials company’s stock worth $1,765,000 after purchasing an additional 35,000 shares during the period. Institutional investors own 9.91% of the company’s stock.
About Ciner Resources
Ciner Resources LP engages in the trona ore mining and soda ash production businesses in the United States and internationally. It processes trona ore into soda ash, which is a raw material in flat glass, container glass, detergents, chemicals, paper, and other consumer and industrial products. The company has approximately 23,500 acres of leased and licensed subsurface mining areas in the Green River Basin of Wyoming.
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