Equities analysts expect CONSOL Coal Resources (NYSE:CCR) to post $85.75 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for CONSOL Coal Resources’ earnings. The highest sales estimate is $86.30 million and the lowest is $85.20 million. CONSOL Coal Resources reported sales of $82.47 million during the same quarter last year, which indicates a positive year over year growth rate of 4%. The firm is expected to report its next earnings report on Monday, July 30th.
On average, analysts expect that CONSOL Coal Resources will report full-year sales of $310.33 million for the current financial year, with estimates ranging from $259.90 million to $345.10 million. For the next year, analysts anticipate that the company will post sales of $337.00 million per share, with estimates ranging from $331.00 million to $340.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow CONSOL Coal Resources.
CONSOL Coal Resources (NYSE:CCR) last announced its earnings results on Thursday, May 3rd. The energy company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.35. The firm had revenue of $94.50 million for the quarter, compared to analyst estimates of $83.50 million. CONSOL Coal Resources had a net margin of 13.08% and a return on equity of 24.61%.
CCR has been the subject of several research reports. Zacks Investment Research cut shares of CONSOL Coal Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 27th. ValuEngine cut shares of CONSOL Coal Resources from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. B. Riley decreased their price objective on shares of CONSOL Coal Resources from $24.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Finally, Citigroup decreased their price objective on shares of CONSOL Coal Resources from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Wednesday, March 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. CONSOL Coal Resources has a consensus rating of “Hold” and an average target price of $20.00.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CCR. Advantage Investment Management LLC bought a new position in shares of CONSOL Coal Resources during the fourth quarter worth $100,000. Geode Capital Management LLC purchased a new stake in shares of CONSOL Coal Resources during the fourth quarter worth approximately $457,000. Edge Advisors LLC purchased a new stake in shares of CONSOL Coal Resources during the fourth quarter worth approximately $704,000. Renaissance Technologies LLC purchased a new stake in shares of CONSOL Coal Resources during the fourth quarter worth approximately $718,000. Finally, Raffles Associates LP purchased a new stake in shares of CONSOL Coal Resources during the fourth quarter worth approximately $988,000. 24.20% of the stock is owned by hedge funds and other institutional investors.
CONSOL Coal Resources stock remained flat at $$15.90 during trading hours on Wednesday. 17,559 shares of the company’s stock traded hands, compared to its average volume of 23,054. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.81 and a quick ratio of 0.59. The stock has a market capitalization of $437.52 million, a PE ratio of 9.19 and a beta of 1.29. CONSOL Coal Resources has a twelve month low of $12.56 and a twelve month high of $16.95.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 8th were issued a dividend of $0.512 per share. The ex-dividend date was Monday, May 7th. This represents a $2.05 annualized dividend and a dividend yield of 12.88%. CONSOL Coal Resources’s payout ratio is 140.41%.
CONSOL Coal Resources Company Profile
CONSOL Coal Resources LP produces and sells high-Btu thermal coal in the Northern Appalachian Basin and the eastern United States. It owns a 25% undivided interest in the Pennsylvania mining complex, which consists of three underground mines and related infrastructure that produce high-Btu bituminous thermal coal located primarily in southwestern Pennsylvania.
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