CONSOL Coal Resources LP (CCR) Expected to Announce Earnings of $0.45 Per Share

Wall Street analysts expect that CONSOL Coal Resources LP (NYSE:CCR) will announce earnings per share (EPS) of $0.45 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for CONSOL Coal Resources’ earnings, with estimates ranging from $0.39 to $0.50. CONSOL Coal Resources reported earnings of $0.78 per share during the same quarter last year, which indicates a negative year over year growth rate of 42.3%. The business is scheduled to issue its next quarterly earnings results on Thursday, May 2nd.

According to Zacks, analysts expect that CONSOL Coal Resources will report full year earnings of $2.07 per share for the current year, with EPS estimates ranging from $1.69 to $2.36. For the next year, analysts anticipate that the firm will post earnings of $1.89 per share, with EPS estimates ranging from $1.77 to $2.07. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow CONSOL Coal Resources.

CONSOL Coal Resources (NYSE:CCR) last announced its earnings results on Friday, February 8th. The energy company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.11. CONSOL Coal Resources had a net margin of 18.44% and a return on equity of 29.56%. The business had revenue of $89.30 million during the quarter, compared to analysts’ expectations of $83.10 million.

Separately, Zacks Investment Research lowered shares of CONSOL Coal Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, December 5th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. CONSOL Coal Resources currently has a consensus rating of “Hold” and an average target price of $20.33.

Several institutional investors have recently modified their holdings of the company. Cypress Capital Management LLC WY increased its stake in shares of CONSOL Coal Resources by 170.6% during the fourth quarter. Cypress Capital Management LLC WY now owns 3,098 shares of the energy company’s stock worth $51,000 after acquiring an additional 1,953 shares during the period. Barclays PLC acquired a new position in shares of CONSOL Coal Resources during the fourth quarter worth about $34,000. Credit Suisse AG increased its stake in shares of CONSOL Coal Resources by 3.1% during the third quarter. Credit Suisse AG now owns 94,500 shares of the energy company’s stock worth $1,696,000 after acquiring an additional 2,805 shares during the period. Macquarie Group Ltd. acquired a new position in shares of CONSOL Coal Resources during the fourth quarter worth about $116,000. Finally, Acadian Asset Management LLC acquired a new position in shares of CONSOL Coal Resources during the fourth quarter worth about $176,000. Institutional investors and hedge funds own 22.76% of the company’s stock.

Shares of CONSOL Coal Resources stock opened at $17.67 on Wednesday. CONSOL Coal Resources has a 52-week low of $13.75 and a 52-week high of $21.13. The company has a current ratio of 0.63, a quick ratio of 0.45 and a debt-to-equity ratio of 0.75. The stock has a market cap of $479.98 million, a PE ratio of 7.36 and a beta of 1.00.

About CONSOL Coal Resources

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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Earnings History and Estimates for CONSOL Coal Resources (NYSE:CCR)

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