Cloud Peak Energy Inc (CLD) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Cloud Peak Energy Inc (NYSE:CLD) posted its earnings results on Thursday, October 26th. The mining company reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.01, Briefing.com reports. The business had revenue of $249.00 million for the quarter, compared to the consensus estimate of $254.82 million. The business’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 earnings per share.

Cloud Peak Energy (NYSE:CLD) traded up $0.06 during mid-day trading on Friday, hitting $4.24. 828,200 shares of the stock were exchanged, compared to its average volume of 1,251,032. The company has a market cap of $318.60, a PE ratio of 53.00 and a beta of 1.64. The company has a quick ratio of 1.61, a current ratio of 2.14 and a debt-to-equity ratio of 0.41. Cloud Peak Energy has a one year low of $2.78 and a one year high of $7.73.

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A number of brokerages have weighed in on CLD. B. Riley reissued a “neutral” rating on shares of Cloud Peak Energy in a research report on Wednesday, November 1st. BidaskClub cut Cloud Peak Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. ValuEngine cut Cloud Peak Energy from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Zacks Investment Research downgraded shares of Cloud Peak Energy from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Finally, BMO Capital Markets set a $4.00 price target on shares of Cloud Peak Energy and gave the stock a “hold” rating in a report on Saturday, August 5th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Cloud Peak Energy currently has an average rating of “Hold” and an average price target of $5.14.

Cloud Peak Energy Company Profile

Cloud Peak Energy Inc is a producer of coal in the United States of America and the Powder River Basin (PRB). In the PRB, the Company owns and operates three surface coal mines: the Antelope Mine, the Cordero Rojo Mine and the Spring Creek Mine. Its segments include Owned and Operated Mines, and Logistics and Related Activities.

Earnings History for Cloud Peak Energy (NYSE:CLD)

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