Brokerages expect that Foresight Energy LP (NYSE:FELP) will post $249.25 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Foresight Energy’s earnings, with estimates ranging from $248.30 million to $250.20 million. Foresight Energy posted sales of $230.39 million in the same quarter last year, which suggests a positive year over year growth rate of 8.2%. The company is expected to issue its next earnings report on Thursday, May 10th.
According to Zacks, analysts expect that Foresight Energy will report full-year sales of $249.25 million for the current financial year, with estimates ranging from $993.10 million to $1.05 billion. For the next financial year, analysts expect that the company will post sales of $1.09 billion per share, with estimates ranging from $987.20 million to $1.19 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Foresight Energy.
Foresight Energy (NYSE:FELP) last posted its earnings results on Wednesday, March 7th. The energy company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.13. The firm had revenue of $284.61 million during the quarter, compared to the consensus estimate of $264.75 million. Foresight Energy had a negative net margin of 18.78% and a negative return on equity of 3.93%.
An institutional investor recently raised its position in Foresight Energy stock. BNP Paribas Arbitrage SA increased its holdings in shares of Foresight Energy LP (NYSE:FELP) by 5,739,700.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 57,398 shares of the energy company’s stock after purchasing an additional 57,397 shares during the quarter. BNP Paribas Arbitrage SA owned 0.07% of Foresight Energy worth $243,000 as of its most recent filing with the SEC. 11.67% of the stock is owned by institutional investors.
Foresight Energy (NYSE:FELP) traded down $0.18 on Thursday, reaching $3.72. 9,701 shares of the company were exchanged, compared to its average volume of 21,032. The firm has a market cap of $518.91, a P/E ratio of -2.19 and a beta of 0.81. Foresight Energy has a 12-month low of $3.53 and a 12-month high of $7.00. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.36 and a current ratio of 0.49.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Tuesday, March 20th will be given a dividend of $0.056 per share. This represents a $0.22 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date of this dividend is Monday, March 19th. Foresight Energy’s dividend payout ratio (DPR) is presently -14.12%.
Foresight Energy Company Profile
Foresight Energy LP is engaged in the mining and marketing of coal from reserves and operations located in the Illinois Basin. As of December 31, 2016, the Company controlled 2.1 billion tons of coal in the state of Illinois. Its reserves consist principally of three contiguous blocks of uniform, thick, high heat content (high Btu) thermal coal, which are used for longwall operations.
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