Equities analysts expect Westmoreland Coal (NASDAQ:WLB) to post earnings of $0.75 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Westmoreland Coal’s earnings, with estimates ranging from $0.14 to $1.35. Westmoreland Coal posted earnings of ($0.41) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 282.9%. The firm is scheduled to announce its next earnings report on Tuesday, March 27th.
According to Zacks, analysts expect that Westmoreland Coal will report full-year earnings of ($4.95) per share for the current fiscal year, with EPS estimates ranging from ($5.55) to ($4.34). For the next year, analysts anticipate that the business will report earnings of ($2.63) per share, with EPS estimates ranging from ($5.05) to ($0.20). Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Westmoreland Coal.
WLB has been the topic of several analyst reports. B. Riley reaffirmed a “buy” rating on shares of Westmoreland Coal in a research report on Monday, November 6th. Zacks Investment Research raised Westmoreland Coal from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $6.00.
Westmoreland Coal (WLB) traded up $0.27 during mid-day trading on Tuesday, reaching $1.65. The company had a trading volume of 549,680 shares, compared to its average volume of 339,250. The company has a market cap of $27.18, a PE ratio of -0.24 and a beta of 0.66. Westmoreland Coal has a fifty-two week low of $0.95 and a fifty-two week high of $19.03. The company has a debt-to-equity ratio of -1.32, a current ratio of 1.04 and a quick ratio of 0.71.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Western Standard LLC bought a new position in shares of Westmoreland Coal during the 2nd quarter valued at $123,000. Edge Wealth Management LLC bought a new position in shares of Westmoreland Coal during the 3rd quarter valued at $128,000. Alliancebernstein L.P. lifted its holdings in shares of Westmoreland Coal by 35.6% during the 2nd quarter. Alliancebernstein L.P. now owns 27,400 shares of the coal producer’s stock valued at $133,000 after buying an additional 7,200 shares during the period. Tudor Investment Corp ET AL lifted its holdings in shares of Westmoreland Coal by 166.7% during the 2nd quarter. Tudor Investment Corp ET AL now owns 38,012 shares of the coal producer’s stock valued at $185,000 after buying an additional 23,758 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Westmoreland Coal by 53.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 56,152 shares of the coal producer’s stock valued at $274,000 after buying an additional 19,500 shares during the period. 65.90% of the stock is currently owned by hedge funds and other institutional investors.
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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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