Equities research analysts expect Ciner Resources LP (NYSE:CINR) to post earnings of $0.69 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Ciner Resources’ earnings, with the highest EPS estimate coming in at $0.74 and the lowest estimate coming in at $0.63. Ciner Resources reported earnings per share of $0.54 in the same quarter last year, which suggests a positive year over year growth rate of 27.8%. The company is scheduled to report its next earnings results on Monday, May 14th.
According to Zacks, analysts expect that Ciner Resources will report full-year earnings of $2.54 per share for the current fiscal year, with EPS estimates ranging from $2.46 to $2.62. For the next year, analysts anticipate that the company will report earnings of $2.49 per share, with EPS estimates ranging from $2.38 to $2.60. Zacks’ EPS averages are an average based on a survey of research analysts that follow Ciner Resources.
Ciner Resources (NYSE:CINR) last posted its quarterly earnings results on Thursday, February 15th. The basic materials company reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.11. The company had revenue of $128.50 million for the quarter, compared to the consensus estimate of $127.00 million. Ciner Resources had a net margin of 8.37% and a return on equity of 16.62%. Ciner Resources’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 earnings per share.
Several hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN raised its stake in shares of Ciner Resources by 1.1% in the 4th quarter. Wells Fargo & Company MN now owns 164,018 shares of the basic materials company’s stock valued at $4,118,000 after acquiring an additional 1,834 shares during the period. Renaissance Technologies LLC raised its stake in shares of Ciner Resources by 27.8% in the 4th quarter. Renaissance Technologies LLC now owns 11,500 shares of the basic materials company’s stock valued at $289,000 after acquiring an additional 2,500 shares during the period. Starfire Investment Advisers Inc. purchased a new position in shares of Ciner Resources in the 4th quarter valued at $486,000. Deutsche Bank AG raised its stake in shares of Ciner Resources by 267.8% in the 4th quarter. Deutsche Bank AG now owns 33,100 shares of the basic materials company’s stock valued at $831,000 after acquiring an additional 24,100 shares during the period. Finally, Western Standard LLC purchased a new position in shares of Ciner Resources in the 3rd quarter valued at $816,000. 9.83% of the stock is currently owned by institutional investors and hedge funds.
Ciner Resources (NYSE CINR) traded down $0.22 during trading hours on Thursday, reaching $27.45. 6,322 shares of the company’s stock were exchanged, compared to its average volume of 18,757. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.08 and a current ratio of 3.48. The stock has a market capitalization of $552.44, a P/E ratio of 13.20 and a beta of 0.99. Ciner Resources has a 12 month low of $22.61 and a 12 month high of $29.75.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Monday, February 12th were paid a $0.567 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 8.26%. The ex-dividend date was Friday, February 9th. Ciner Resources’s dividend payout ratio is presently 109.13%.
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About Ciner Resources
Ciner Resources LP, through its subsidiary, Ciner Wyoming LLC (Ciner Wyoming), produces soda ash and serves a global market from its facility in the Green River Basin of Wyoming. The Company processes trona ore into soda ash, a raw material in flat glass, container glass, detergents, chemicals, paper and other consumer and industrial products.
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