Analysts predict that Cloud Peak Energy Inc (NYSE:CLD) will announce sales of $248.89 million for the current quarter, Zacks reports. Four analysts have provided estimates for Cloud Peak Energy’s earnings, with the highest sales estimate coming in at $268.00 million and the lowest estimate coming in at $229.87 million. Cloud Peak Energy reported sales of $217.07 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 14.7%. The business is scheduled to report its next quarterly earnings results on Thursday, October 26th.
On average, analysts expect that Cloud Peak Energy will report full-year sales of $248.89 million for the current financial year, with estimates ranging from $893.06 million to $945.70 million. For the next year, analysts expect that the company will post sales of $926.72 million per share, with estimates ranging from $819.20 million to $997.90 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Cloud Peak Energy.
Cloud Peak Energy (NYSE:CLD) last posted its quarterly earnings results on Thursday, July 27th. The mining company reported ($0.04) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). The firm had revenue of $229.20 million during the quarter, compared to the consensus estimate of $236.94 million. Cloud Peak Energy had a negative net margin of 0.47% and a positive return on equity of 0.54%. The company’s revenue was up 31.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 earnings per share.
A number of equities research analysts have recently weighed in on CLD shares. Stifel Nicolaus set a $6.00 price objective on shares of Cloud Peak Energy and gave the company a “buy” rating in a report on Friday, August 25th. BMO Capital Markets set a $4.00 price objective on shares of Cloud Peak Energy and gave the company a “hold” rating in a report on Saturday, August 5th. Zacks Investment Research upgraded shares of Cloud Peak Energy from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. ValuEngine lowered shares of Cloud Peak Energy from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, BidaskClub lowered shares of Cloud Peak Energy from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Cloud Peak Energy presently has a consensus rating of “Hold” and an average target price of $5.29.
Shares of Cloud Peak Energy (NYSE CLD) traded up 2.083% during trading on Friday, reaching $3.675. 180,505 shares of the company traded hands. Cloud Peak Energy has a 52 week low of $2.78 and a 52 week high of $8.04. The firm’s 50 day moving average price is $3.41 and its 200-day moving average price is $3.55. The company’s market capitalization is $276.11 million.
A number of institutional investors have recently modified their holdings of CLD. MARSHALL WACE ASIA Ltd purchased a new position in Cloud Peak Energy during the 1st quarter worth $5,249,000. Marshall Wace North America L.P. purchased a new position in Cloud Peak Energy during the 1st quarter worth $5,249,000. Renaissance Technologies LLC grew its position in Cloud Peak Energy by 35.6% during the 1st quarter. Renaissance Technologies LLC now owns 3,795,600 shares of the mining company’s stock worth $17,384,000 after purchasing an additional 996,600 shares during the last quarter. State Street Corp grew its position in Cloud Peak Energy by 231.3% during the 2nd quarter. State Street Corp now owns 1,329,134 shares of the mining company’s stock worth $4,691,000 after purchasing an additional 927,987 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Cloud Peak Energy by 27.9% during the 1st quarter. Vanguard Group Inc. now owns 3,581,492 shares of the mining company’s stock worth $16,403,000 after purchasing an additional 782,138 shares during the last quarter. 81.14% of the stock is currently owned by institutional investors.
About Cloud Peak Energy
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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