CONSOL Coal Resources LP (NYSE:CCR) Expected to Announce Earnings of $0.36 Per Share

Wall Street analysts forecast that CONSOL Coal Resources LP (NYSE:CCR) will announce earnings of $0.36 per share for the current quarter, Zacks reports. Two analysts have made estimates for CONSOL Coal Resources’ earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.36. CONSOL Coal Resources posted earnings of $0.31 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 16.1%. The company is scheduled to announce its next quarterly earnings results on Thursday, November 7th.

According to Zacks, analysts expect that CONSOL Coal Resources will report full year earnings of $1.83 per share for the current year, with EPS estimates ranging from $1.79 to $1.90. For the next financial year, analysts forecast that the company will report earnings of $1.54 per share, with EPS estimates ranging from $1.42 to $1.73. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for CONSOL Coal Resources.

CONSOL Coal Resources (NYSE:CCR) last announced its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.01). The business had revenue of $89.65 million during the quarter, compared to analyst estimates of $89.20 million. CONSOL Coal Resources had a return on equity of 24.27% and a net margin of 15.97%.

A number of equities analysts have recently commented on the stock. Seaport Global Securities set a $19.00 price target on shares of CONSOL Coal Resources and gave the company a “buy” rating in a research report on Wednesday, August 7th. ValuEngine downgraded CONSOL Coal Resources from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Jefferies Financial Group lowered CONSOL Coal Resources from a “buy” rating to a “hold” rating and cut their price target for the company from $20.00 to $16.00 in a research note on Tuesday, August 6th. B. Riley set a $17.00 price objective on CONSOL Coal Resources and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, Zacks Investment Research raised CONSOL Coal Resources from a “sell” rating to a “hold” rating in a report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $18.20.

A number of institutional investors have recently bought and sold shares of CCR. Barclays PLC purchased a new stake in shares of CONSOL Coal Resources during the 4th quarter valued at $34,000. Macquarie Group Ltd. purchased a new stake in shares of CONSOL Coal Resources during the 4th quarter valued at $116,000. Janney Montgomery Scott LLC purchased a new stake in shares of CONSOL Coal Resources during the 2nd quarter valued at $170,000. Russell Investments Group Ltd. increased its position in shares of CONSOL Coal Resources by 37.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,100 shares of the energy company’s stock valued at $185,000 after acquiring an additional 3,000 shares during the period. Finally, Advantage Investment Management LLC increased its position in shares of CONSOL Coal Resources by 13.5% in the 2nd quarter. Advantage Investment Management LLC now owns 15,875 shares of the energy company’s stock valued at $265,000 after acquiring an additional 1,894 shares during the period. Institutional investors own 22.70% of the company’s stock.

Shares of CCR stock traded up $0.08 during trading on Monday, hitting $13.34. 18,500 shares of the company were exchanged, compared to its average volume of 28,054. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.51 and a current ratio of 0.68. The firm has a market capitalization of $373.57 million, a price-to-earnings ratio of 5.63 and a beta of 0.96. The business’s 50-day simple moving average is $15.24 and its 200 day simple moving average is $16.77. CONSOL Coal Resources has a twelve month low of $12.66 and a twelve month high of $21.13.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 8th were issued a dividend of $0.512 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $2.05 dividend on an annualized basis and a yield of 15.35%. CONSOL Coal Resources’s dividend payout ratio is currently 86.50%.

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.

Further Reading: Holder of Record

Get a free copy of the Zacks research report on CONSOL Coal Resources (CCR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for CONSOL Coal Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CONSOL Coal Resources and related companies with MarketBeat.com's FREE daily email newsletter.