Brokerages Anticipate CONSOL Coal Resources LP (CCR) Will Announce Earnings of $0.31 Per Share

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Wall Street analysts expect that CONSOL Coal Resources LP (NYSE:CCR) will report $0.31 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for CONSOL Coal Resources’ earnings. The highest EPS estimate is $0.38 and the lowest is $0.24. CONSOL Coal Resources reported earnings of $0.07 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 342.9%. The business is scheduled to report its next quarterly earnings results on Monday, October 29th.

On average, analysts expect that CONSOL Coal Resources will report full-year earnings of $2.10 per share for the current year, with EPS estimates ranging from $1.93 to $2.26. For the next fiscal year, analysts anticipate that the company will post earnings of $1.97 per share, with EPS estimates ranging from $1.80 to $2.28. Zacks’ earnings per share 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 Thursday, August 2nd. The energy company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.09. CONSOL Coal Resources had a net margin of 15.25% and a return on equity of 27.24%. The business had revenue of $98.06 million during the quarter, compared to the consensus estimate of $97.65 million.

A number of equities research analysts recently weighed in on the stock. ValuEngine downgraded shares of CONSOL Coal Resources from a “hold” rating to a “sell” rating in a research report on Thursday, June 28th. Citigroup boosted their price objective on shares of CONSOL Coal Resources from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Tuesday, July 31st. Zacks Investment Research raised shares of CONSOL Coal Resources from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Wednesday, July 18th. B. Riley boosted their price objective on shares of CONSOL Coal Resources from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, July 10th. Finally, TheStreet raised shares of CONSOL Coal Resources from a “c-” rating to a “b” rating in a research report on Monday, July 2nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $20.17.

A number of hedge funds and other institutional investors have recently bought and sold shares of CCR. Deutsche Bank AG bought a new position in CONSOL Coal Resources in the 4th quarter worth about $804,000. Renaissance Technologies LLC bought a new position in CONSOL Coal Resources in the 4th quarter worth about $718,000. Wells Fargo & Company MN grew its position in CONSOL Coal Resources by 32,465.3% in the 1st quarter. Wells Fargo & Company MN now owns 32,891 shares of the energy company’s stock worth $458,000 after purchasing an additional 32,790 shares during the last quarter. Geode Capital Management LLC bought a new position in CONSOL Coal Resources in the 4th quarter worth about $457,000. Finally, Mountain Lake Investment Management LLC grew its position in CONSOL Coal Resources by 4.5% in the 1st quarter. Mountain Lake Investment Management LLC now owns 575,000 shares of the energy company’s stock worth $8,021,000 after purchasing an additional 25,000 shares during the last quarter. Hedge funds and other institutional investors own 23.57% of the company’s stock.

Shares of NYSE:CCR traded up $0.20 during trading on Thursday, reaching $16.80. 16,221 shares of the company’s stock traded hands, compared to its average volume of 27,152. The company has a quick ratio of 0.44, a current ratio of 0.61 and a debt-to-equity ratio of 0.74. CONSOL Coal Resources has a 12 month low of $12.56 and a 12 month high of $18.40. The company has a market cap of $478.80 million, a PE ratio of 11.51 and a beta of 1.35.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 15th. Shareholders of record on Wednesday, August 8th were given a $0.5125 dividend. This is a boost from CONSOL Coal Resources’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Tuesday, August 7th. This represents a $2.05 annualized dividend and a yield of 12.20%. CONSOL Coal Resources’s dividend payout ratio is 140.41%.

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

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