Brokerages Expect Westmoreland Coal (NASDAQ:WLB) Will Post Earnings of $0.98 Per Share
Equities research analysts expect Westmoreland Coal (NASDAQ:WLB) to announce earnings per share of $0.98 for the current quarter, according to Zacks. Two analysts have made estimates for Westmoreland Coal’s earnings. Westmoreland Coal reported earnings per share of ($0.41) during the same quarter last year, which would suggest a positive year over year growth rate of 339%. The firm is expected to announce its next quarterly earnings report on Tuesday, March 27th.
On average, analysts expect that Westmoreland Coal will report full-year earnings of ($4.71) per share for the current year. For the next year, analysts expect that the firm will post earnings of ($0.89) per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Westmoreland Coal.
Separately, ValuEngine upgraded shares of Westmoreland Coal from a “sell” rating to a “hold” rating in a research report on Wednesday, February 28th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $6.00.
Shares of Westmoreland Coal (WLB) remained flat at $$0.47 during trading on Friday. The stock had a trading volume of 445,866 shares, compared to its average volume of 724,201. Westmoreland Coal has a 12-month low of $0.40 and a 12-month high of $16.00. The company has a debt-to-equity ratio of -1.32, a current ratio of 1.04 and a quick ratio of 0.71. The firm has a market capitalization of $8.81, a price-to-earnings ratio of -0.08 and a beta of 1.07.
About Westmoreland Coal
Westmoreland Coal Company is an energy company. The Company operates through six segments: Coal-U.S., Coal-Canada, Coal-(WMLP), Power, Heritage and Corporate. The Coal-U.S. segment includes the operations of coal mines located in Montana, North Dakota, Ohio, Texas and New Mexico. The Coal-Canada segment includes the operations of coal mines located in Alberta and Saskatchewan.
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