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 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.
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