Wall Street brokerages forecast that Cloud Peak Energy Inc. (NYSE:CLD) will announce ($0.05) earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Cloud Peak Energy’s earnings. The highest EPS estimate is $0.02 and the lowest is ($0.12). Cloud Peak Energy posted earnings per share of $0.03 during the same quarter last year, which suggests a negative year over year growth rate of 266.7%. The company is expected to issue its next quarterly earnings report after the market closes on Thursday, October 25th.

According to Zacks, analysts expect that Cloud Peak Energy will report full-year earnings of ($0.59) per share for the current financial year, with EPS estimates ranging from ($0.75) to ($0.48). For the next year, analysts anticipate that the business will post earnings of ($0.36) per share, with EPS estimates ranging from ($0.59) to ($0.08). Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Cloud Peak Energy.

Cloud Peak Energy (NYSE:CLD) last issued its quarterly 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). Cloud Peak Energy had a negative net margin of 1.94% and a negative return on equity of 4.68%. The business had revenue of $205.70 million during the quarter, compared to analyst estimates of $230.72 million. During the same period in the previous year, the company posted ($0.09) earnings per share. Cloud Peak Energy’s revenue was down 10.3% compared to the same quarter last year.

CLD has been the subject of a number of research analyst reports. ValuEngine raised shares of Cloud Peak Energy from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Zacks Investment Research raised shares of Cloud Peak Energy from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a report on Tuesday, July 3rd. Clarkson Capital downgraded Cloud Peak Energy from a “neutral” rating to a “sell” rating in a report on Tuesday, July 24th. 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. Finally, BMO Capital Markets cut 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. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Cloud Peak Energy presently has an average rating of “Hold” and a consensus price target of $3.35.

NYSE CLD traded down $0.05 on Friday, reaching $2.30. The company’s stock had a trading volume of 585,200 shares, compared to its average volume of 737,874. Cloud Peak Energy has a twelve month low of $2.14 and a twelve month high of $5.70. 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 company has a market capitalization of $174.29 million, a price-to-earnings ratio of -5.35 and a beta of 1.99.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. OppenheimerFunds Inc. raised its holdings in Cloud Peak Energy by 14.3% during the 1st quarter. OppenheimerFunds Inc. now owns 153,976 shares of the mining company’s stock worth $448,000 after buying an additional 19,221 shares during the period. Mackay Shields LLC increased its holdings in shares of Cloud Peak Energy by 6.0% in the 2nd quarter. Mackay Shields LLC now owns 357,600 shares of the mining company’s stock valued at $1,248,000 after purchasing an additional 20,100 shares during the period. SG Americas Securities LLC increased its holdings in shares of Cloud Peak Energy by 160.7% in the 2nd quarter. SG Americas Securities LLC now owns 40,962 shares of the mining company’s stock valued at $143,000 after purchasing an additional 25,248 shares during the period. MetLife Investment Advisors LLC increased its holdings in shares of Cloud Peak Energy by 219.7% in the 2nd quarter. MetLife Investment Advisors LLC now owns 39,445 shares of the mining company’s stock valued at $138,000 after purchasing an additional 27,108 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of Cloud Peak Energy by 0.5% in the 2nd quarter. Renaissance Technologies LLC now owns 5,900,700 shares of the mining company’s stock valued at $20,593,000 after purchasing an additional 27,800 shares during the period. Hedge funds and other institutional investors own 81.78% of the company’s stock.

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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