Equities analysts forecast that Cloud Peak Energy Inc. (NYSE:CLD) will post ($0.04) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided 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 of $0.03 per share in 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 quarterly earnings results on Thursday, October 25th.

On average, analysts expect that Cloud Peak Energy will report full-year earnings of ($0.54) per share for the current year, with EPS estimates ranging from ($0.66) to ($0.41). For the next fiscal year, analysts expect that the business will report earnings of ($0.41) per share, with EPS estimates ranging from ($0.59) to ($0.21). Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Cloud Peak Energy.

Cloud Peak Energy (NYSE:CLD) last posted its earnings results on Thursday, July 26th. The mining company reported ($0.39) earnings per share for the quarter, missing the Zacks’ 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 business’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.09) earnings per share.

A number of analysts have recently weighed in on the stock. B. Riley dropped their target price on shares of Cloud Peak Energy from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Monday, July 30th. ValuEngine upgraded shares of Cloud Peak Energy from a “hold” rating to a “buy” rating in a report on Monday, July 30th. Jefferies Financial Group set a $3.00 price objective on shares of Cloud Peak Energy and gave the stock a “hold” rating in a report on Monday, July 30th. BMO Capital Markets lowered their price objective on shares of Cloud Peak Energy from $4.00 to $3.00 and set a “market perform” rating for the company in a report on Friday, July 27th. Finally, Zacks Investment Research upgraded shares of Cloud Peak Energy from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a report on Tuesday, July 3rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Cloud Peak Energy presently has a consensus rating of “Hold” and a consensus price target of $3.60.

Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC lifted its holdings in Cloud Peak Energy by 160.7% in the second quarter. SG Americas Securities LLC now owns 40,962 shares of the mining company’s stock worth $143,000 after buying an additional 25,248 shares during the period. Two Sigma Advisers LP purchased a new stake in Cloud Peak Energy in the fourth quarter worth about $157,000. Engineers Gate Manager LP purchased a new stake in Cloud Peak Energy in the second quarter worth about $168,000. Hartford Investment Management Co. purchased a new stake in Cloud Peak Energy in the second quarter worth about $183,000. Finally, MetLife Investment Advisors LLC purchased a new stake in Cloud Peak Energy in the fourth quarter worth about $193,000. Institutional investors and hedge funds own 82.89% of the company’s stock.

Shares of Cloud Peak Energy traded up $0.01, reaching $2.62, during trading on Friday, Marketbeat Ratings reports. 417,798 shares of the stock were exchanged, compared to its average volume of 638,427. The company has a current ratio of 1.86, a quick ratio of 1.29 and a debt-to-equity ratio of 0.42. The firm has a market cap of $197.78 million, a P/E ratio of -6.09 and a beta of 1.94. Cloud Peak Energy has a 1 year low of $2.53 and a 1 year high of $5.70.

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

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