Cloud Peak Energy Inc. (CLD) Expected to Announce Earnings of -$0.04 Per Share

Analysts expect that Cloud Peak Energy Inc. (NYSE:CLD) will announce earnings of ($0.04) per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Cloud Peak Energy’s earnings. The lowest EPS estimate is ($0.06) and the highest is $0.02. Cloud Peak Energy reported earnings per share of $0.03 during the same quarter last year, which suggests a negative year over year growth rate of 233.3%. The company is expected to issue its next earnings results on Thursday, October 25th.

According to Zacks, analysts expect that Cloud Peak Energy will report full year earnings of ($0.58) per share for the current fiscal year, with EPS estimates ranging from ($0.66) to ($0.48). For the next fiscal year, analysts forecast that the company will report earnings of ($0.41) per share, with EPS estimates ranging from ($0.59) to ($0.21). Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Cloud Peak Energy.

Cloud Peak Energy (NYSE:CLD) last issued its quarterly earnings data on Thursday, July 26th. The mining company reported ($0.39) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.25). The firm had revenue of $205.70 million for the quarter, compared to analysts’ expectations of $230.72 million. Cloud Peak Energy had a negative return on equity of 4.68% and a negative net margin of 1.94%. The firm’s revenue was down 10.3% on a year-over-year basis. During the same period last year, the company earned ($0.09) earnings per share.

Several analysts have recently issued reports on the company. ValuEngine raised Cloud Peak Energy from a “hold” rating to a “buy” rating in a report on Friday, June 1st. Zacks Investment Research raised Cloud Peak Energy from a “hold” rating to a “buy” rating and set a $4.00 price objective on the stock in a report on Tuesday, July 3rd. Clarkson Capital cut Cloud Peak Energy from a “neutral” rating to a “sell” rating in a report on Tuesday, July 24th. BMO Capital Markets decreased their price objective on Cloud Peak Energy from $4.00 to $3.00 and set a “market perform” rating on the stock in a report on Friday, July 27th. Finally, Jefferies Financial Group set a $3.00 price objective on Cloud Peak Energy and gave the stock a “hold” rating in a report on Monday, July 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Cloud Peak Energy currently has an average rating of “Hold” and a consensus price target of $3.60.

A number of large investors have recently added to or reduced their stakes in CLD. MetLife Investment Advisors LLC raised its holdings in Cloud Peak Energy by 219.7% during the 2nd quarter. MetLife Investment Advisors LLC now owns 39,445 shares of the mining company’s stock valued at $138,000 after buying an additional 27,108 shares during the period. SG Americas Securities LLC raised its holdings in Cloud Peak Energy by 160.7% during the 2nd quarter. SG Americas Securities LLC now owns 40,962 shares of the mining company’s stock valued at $143,000 after buying an additional 25,248 shares during the period. Engineers Gate Manager LP purchased a new stake in Cloud Peak Energy during the 2nd quarter valued at $168,000. Hartford Investment Management Co. purchased a new stake in Cloud Peak Energy during the 2nd quarter valued at $183,000. Finally, Citigroup Inc. raised its holdings in Cloud Peak Energy by 147.8% during the 1st quarter. Citigroup Inc. now owns 75,805 shares of the mining company’s stock valued at $221,000 after buying an additional 45,217 shares during the period. Institutional investors own 81.78% of the company’s stock.

Shares of CLD opened at $2.47 on Tuesday. The company has a market cap of $182.63 million, a PE ratio of -5.74 and a beta of 1.95. Cloud Peak Energy has a 1 year low of $2.14 and a 1 year high of $5.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.29 and a current ratio of 1.86.

Cloud Peak Energy Company Profile

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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Earnings History and Estimates for Cloud Peak Energy (NYSE:CLD)

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