Brokerages expect Cloud Peak Energy Inc. (NYSE:CLD) to post earnings per share (EPS) of ($0.08) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Cloud Peak Energy’s earnings. The lowest EPS estimate is ($0.09) and the highest is ($0.06). Cloud Peak Energy reported earnings per share of ($0.04) during the same quarter last year, which indicates a negative year over year growth rate of 100%. The firm is scheduled to announce its next earnings results on Thursday, July 26th.
On average, analysts expect that Cloud Peak Energy will report full-year earnings of ($0.22) per share for the current fiscal year, with EPS estimates ranging from ($0.30) to ($0.17). For the next fiscal year, analysts anticipate that the firm will post earnings of ($0.37) per share, with EPS estimates ranging from ($0.63) to ($0.06). Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Cloud Peak Energy.
Cloud Peak Energy (NYSE:CLD) last issued its earnings results on Thursday, April 26th. The mining company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.01). Cloud Peak Energy had a net margin of 0.63% and a negative return on equity of 2.05%. The company had revenue of $216.30 million during the quarter, compared to analysts’ expectations of $230.40 million. During the same period last year, the business posted ($0.30) earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis.
Shares of Cloud Peak Energy opened at $3.83 on Wednesday, according to MarketBeat. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.22 and a quick ratio of 1.63. Cloud Peak Energy has a 1-year low of $2.76 and a 1-year high of $5.70. The company has a market cap of $287.93 million, a PE ratio of -8.91 and a beta of 2.06.
Hedge funds have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. grew its stake in Cloud Peak Energy by 20.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,417,456 shares of the mining company’s stock worth $6,308,000 after acquiring an additional 244,669 shares during the period. Mackay Shields LLC purchased a new stake in Cloud Peak Energy in the 1st quarter worth approximately $982,000. Two Sigma Investments LP purchased a new stake in Cloud Peak Energy in the 4th quarter worth approximately $1,886,000. Arizona State Retirement System grew its stake in Cloud Peak Energy by 223.9% in the 4th quarter. Arizona State Retirement System now owns 126,150 shares of the mining company’s stock worth $561,000 after acquiring an additional 87,197 shares during the period. Finally, BlackRock Inc. grew its stake in Cloud Peak Energy by 2.5% in the 4th quarter. BlackRock Inc. now owns 9,246,308 shares of the mining company’s stock worth $41,147,000 after acquiring an additional 223,778 shares during the period. 83.27% of the stock is owned by hedge funds and other institutional investors.
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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