CONSOL Coal Resources (CCR) Expected to Announce Quarterly Sales of $84.45 Million

Brokerages expect CONSOL Coal Resources (NYSE:CCR) to post sales of $84.45 million for the current quarter, Zacks reports. Two analysts have made estimates for CONSOL Coal Resources’ earnings, with the highest sales estimate coming in at $88.50 million and the lowest estimate coming in at $80.40 million. CONSOL Coal Resources reported sales of $83.28 million in the same quarter last year, which indicates a positive year-over-year growth rate of 1.4%. The business is expected to announce its next quarterly earnings results before the market opens on Thursday, May 3rd.

According to Zacks, analysts expect that CONSOL Coal Resources will report full year sales of $333.80 million for the current financial year, with estimates ranging from $325.60 million to $349.80 million. For the next year, analysts anticipate that the firm will post sales of $333.63 million per share, with estimates ranging from $319.60 million to $350.30 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow CONSOL Coal Resources.

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CONSOL Coal Resources (NYSE:CCR) last released its quarterly earnings results on Tuesday, February 6th. The energy company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The company had revenue of $78.77 million for the quarter, compared to analyst estimates of $79.74 million. CONSOL Coal Resources had a return on equity of 21.19% and a net margin of 10.56%.

CCR has been the topic of a number of recent research reports. Zacks Investment Research raised CONSOL Coal Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 4th. Citigroup dropped their target price on CONSOL Coal Resources from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, March 28th. B. Riley dropped their target price on CONSOL Coal Resources from $24.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. ValuEngine lowered CONSOL Coal Resources from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, TheStreet raised CONSOL Coal Resources from a “d” rating to a “c” rating in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $20.00.

A number of hedge funds have recently made changes to their positions in the stock. Mountain Lake Investment Management LLC acquired a new position in CONSOL Coal Resources during the fourth quarter worth $8,608,000. Raffles Associates LP acquired a new position in CONSOL Coal Resources during the fourth quarter worth $988,000. Deutsche Bank AG acquired a new position in CONSOL Coal Resources during the fourth quarter worth $804,000. Renaissance Technologies LLC acquired a new position in CONSOL Coal Resources during the fourth quarter worth $718,000. Finally, Edge Advisors LLC acquired a new position in CONSOL Coal Resources during the fourth quarter worth $704,000. 24.08% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:CCR traded down $0.05 during trading on Wednesday, reaching $14.40. The company had a trading volume of 14,894 shares, compared to its average volume of 28,043. The firm has a market cap of $397.62, a P/E ratio of 9.91 and a beta of 1.31. The company has a current ratio of 0.77, a quick ratio of 0.59 and a debt-to-equity ratio of 0.92. CONSOL Coal Resources has a fifty-two week low of $12.56 and a fifty-two week high of $17.55.

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CONSOL Coal Resources Company Profile

CONSOL Coal Resources LP produces and sells high-Btu thermal coal in the Northern Appalachian Basin and the eastern United States. It owns a 25% undivided interest in the Pennsylvania mining complex, which consists of three underground mines and related infrastructure that produce high-Btu bituminous thermal coal located primarily in southwestern Pennsylvania.

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