CONSOL Coal Resources LP (NYSE:CCR) Expected to Announce Quarterly Sales of $89.20 Million

Wall Street brokerages forecast that CONSOL Coal Resources LP (NYSE:CCR) will announce sales of $89.20 million for the current quarter, Zacks reports. Two analysts have issued estimates for CONSOL Coal Resources’ earnings, with the highest sales estimate coming in at $92.00 million and the lowest estimate coming in at $86.40 million. CONSOL Coal Resources posted sales of $98.06 million in the same quarter last year, which suggests a negative year-over-year growth rate of 9%. The firm is expected to report its next earnings report on Thursday, August 1st.

According to Zacks, analysts expect that CONSOL Coal Resources will report full year sales of $347.35 million for the current financial year, with estimates ranging from $342.40 million to $352.30 million. For the next fiscal year, analysts expect that the company will post sales of $338.25 million, with estimates ranging from $333.80 million to $342.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover CONSOL Coal Resources.

CONSOL Coal Resources (NYSE:CCR) last issued its quarterly earnings data on Wednesday, May 8th. The energy company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.10. CONSOL Coal Resources had a net margin of 16.99% and a return on equity of 26.44%. The business had revenue of $86.11 million during the quarter, compared to the consensus estimate of $87.25 million.

Separately, Zacks Investment Research cut shares of CONSOL Coal Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $20.33.

In related news, Director Consol Energy Inc. purchased 6,884 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was acquired at an average price of $17.32 per share, with a total value of $119,230.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

A number of hedge funds have recently bought and sold shares of CCR. Barclays PLC purchased a new stake in shares of CONSOL Coal Resources in the fourth quarter worth $34,000. Macquarie Group Ltd. bought a new stake in shares of CONSOL Coal Resources in the fourth quarter worth about $116,000. Acadian Asset Management LLC bought a new stake in shares of CONSOL Coal Resources in the fourth quarter worth about $176,000. Geode Capital Management LLC purchased a new stake in CONSOL Coal Resources in the fourth quarter worth about $611,000. Finally, Edge Capital Group LLC purchased a new stake in CONSOL Coal Resources in the fourth quarter worth about $738,000. Institutional investors own 22.18% of the company’s stock.

Shares of CONSOL Coal Resources stock opened at $16.67 on Friday. The stock has a market cap of $439.32 million, a P/E ratio of 7.03 and a beta of 0.99. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.46 and a current ratio of 0.63. CONSOL Coal Resources has a one year low of $14.58 and a one year high of $21.13. The stock’s fifty day moving average price is $16.24.

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.

Further Reading: Why is cost of goods sold important?

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.