By Lisa Kingston
July 1, 2018 - Wall Street brokerages forecast that Consol Energy Inc (NYSE:CEIX) will report sales of $368.63 million for the current quarter, according to Zacks. Three analysts have provided estimates for Consol Energy’s earnings, with estimates ranging from $360.50 million to $382.40 million. The firm is expected to report its next quarterly earnings results on Thursday, August 2nd.
According to Zacks, analysts expect that Consol Energy will report full-year sales of $1.49 billion for the current year, with estimates ranging from $1.47 billion to $1.52 billion. For the next financial year, analysts anticipate that the company will post sales of $1.45 billion per share, with estimates ranging from $1.42 billion to $1.49 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Consol Energy.
Consol Energy (NYSE:CEIX) last announced its quarterly earnings data on Thursday, May 3rd. The company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $0.83 by $1.37. The firm had revenue of $351.01 million for the quarter, compared to the consensus estimate of $357.70 million. Consol Energy’s revenue for the quarter was up 10.9% compared to the same quarter last year.
Several brokerages have weighed in on CEIX. Stifel Nicolaus began coverage on Consol Energy in a report on Wednesday. They set a “hold” rating and a $40.00 price objective for the company. Zacks Investment Research lowered Consol Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 25th. Finally, ValuEngine lowered Consol Energy from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $35.33.
In other news, Director John T. Mills sold 6,000 shares of the firm’s stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $42.33, for a total value of $253,980.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.71% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Westwood Holdings Group Inc. bought a new stake in Consol Energy during the fourth quarter valued at $100,000. Meadow Creek Investment Management LLC purchased a new stake in Consol Energy during the fourth quarter valued at about $128,000. QS Investors LLC purchased a new stake in Consol Energy during the fourth quarter valued at about $135,000. Sasco Capital Inc. CT purchased a new stake in Consol Energy during the fourth quarter valued at about $142,000. Finally, American International Group Inc. purchased a new stake in Consol Energy during the fourth quarter valued at about $148,000. 92.77% of the stock is owned by hedge funds and other institutional investors.
NYSE CEIX remained flat at $$38.35 on Wednesday. The company’s stock had a trading volume of 426,925 shares, compared to its average volume of 655,246. Consol Energy has a 1-year low of $19.51 and a 1-year high of $48.12. The company has a market capitalization of $1.07 billion and a price-to-earnings ratio of 8.52. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.12.
CONSOL Energy Inc produces and exports bituminous thermal and crossover metallurgical coal. The company owns and operates its mining operations in the Northern Appalachian Basin. Its flagship operation is the Pennsylvania Mining Complex (PAMC), which comprises three underground mines, including Bailey, Enlow Fork, and Harvey.
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