Zacks: Brokerages Anticipate Cloud Peak Energy Inc. (CLD) Will Post Quarterly Sales of $221.34 Million

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Wall Street analysts expect Cloud Peak Energy Inc. (NYSE:CLD) to announce $221.34 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Cloud Peak Energy’s earnings, with estimates ranging from $213.78 million to $228.90 million. Cloud Peak Energy reported sales of $213.89 million during the same quarter last year, which would suggest a positive year over year growth rate of 3.5%. The firm is expected to report its next quarterly earnings report on Thursday, March 7th.

According to Zacks, analysts expect that Cloud Peak Energy will report full year sales of $860.24 million for the current financial year, with estimates ranging from $827.00 million to $884.00 million. For the next financial year, analysts anticipate that the firm will post sales of $942.84 million, with estimates ranging from $909.12 million to $969.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Cloud Peak Energy.

Several research analysts have recently issued reports on CLD shares. Zacks Investment Research cut shares of Cloud Peak Energy from a “buy” rating to a “hold” rating in a report on Tuesday, February 12th. BMO Capital Markets set a $4.00 price objective on shares of Cloud Peak Energy and gave the company a “hold” rating in a report on Thursday, December 20th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Cloud Peak Energy presently has an average rating of “Hold” and a consensus price target of $2.25.

Shares of Cloud Peak Energy stock traded down $0.02 on Friday, hitting $0.45. The company had a trading volume of 2,903,300 shares, compared to its average volume of 6,059,355. The company has a current ratio of 2.02, a quick ratio of 1.52 and a debt-to-equity ratio of 0.41. Cloud Peak Energy has a 52 week low of $0.25 and a 52 week high of $4.10.

Several institutional investors have recently bought and sold shares of the company. Northern Trust Corp boosted its holdings in Cloud Peak Energy by 2.7% during the second quarter. Northern Trust Corp now owns 1,415,207 shares of the mining company’s stock worth $4,939,000 after buying an additional 36,751 shares in the last quarter. Systematic Financial Management LP boosted its holdings in Cloud Peak Energy by 56.5% during the third quarter. Systematic Financial Management LP now owns 472,090 shares of the mining company’s stock worth $1,086,000 after buying an additional 170,530 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Cloud Peak Energy by 4.6% during the third quarter. Bank of New York Mellon Corp now owns 2,171,763 shares of the mining company’s stock worth $4,995,000 after buying an additional 95,543 shares in the last quarter. BlackRock Inc. boosted its holdings in Cloud Peak Energy by 3.1% during the third quarter. BlackRock Inc. now owns 10,384,751 shares of the mining company’s stock worth $23,884,000 after buying an additional 310,235 shares in the last quarter. Finally, Matarin Capital Management LLC bought a new stake in Cloud Peak Energy during the third quarter worth approximately $1,891,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Cloud Peak Energy Company Profile

Cloud Peak Energy Inc produces coal in the Powder River Basin and the United States. The company operates through Owned and Operated Mines, and Logistics and Related Activities. It owns and operates three surface coal mines comprising the Antelope Mine and the Cordero Rojo Mine located in Wyoming; and the Spring Creek Mine located in Montana.

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