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.
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.
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