$352.30 Million in Sales Expected for Consol Energy Inc (CEIX) This Quarter

Analysts expect Consol Energy Inc (NYSE:CEIX) to post $352.30 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Consol Energy’s earnings, with estimates ranging from $336.90 million to $362.90 million. Consol Energy reported sales of $352.32 million in the same quarter last year, which would suggest a negative year over year growth rate of 0%. The company is scheduled to announce its next earnings report on Tuesday, February 5th.

On average, analysts expect that Consol Energy will report full-year sales of $1.50 billion for the current year, with estimates ranging from $1.49 billion to $1.51 billion. For the next financial year, analysts anticipate that the business will post sales of $1.46 billion, with estimates ranging from $1.41 billion to $1.49 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Consol Energy.

Consol Energy (NYSE:CEIX) last announced its earnings results on Thursday, November 1st. The company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.33). The company had revenue of $295.00 million during the quarter, compared to analyst estimates of $338.77 million. Consol Energy had a return on equity of 34.09% and a net margin of 5.61%. The firm’s revenue was up 5.7% on a year-over-year basis.

A number of equities analysts have recently commented on CEIX shares. Seaport Global Securities restated a “buy” rating and set a $52.00 price objective on shares of Consol Energy in a research note on Thursday, August 2nd. Zacks Investment Research downgraded shares of Consol Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 28th. Finally, B. Riley increased their price objective on shares of Consol Energy from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, November 5th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Consol Energy has an average rating of “Hold” and an average target price of $47.25.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Consol Energy by 10.4% during the 3rd quarter. BlackRock Inc. now owns 4,123,750 shares of the company’s stock worth $168,288,000 after buying an additional 389,866 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Consol Energy by 8.0% during the 3rd quarter. Vanguard Group Inc. now owns 2,901,368 shares of the company’s stock worth $118,405,000 after buying an additional 216,099 shares during the last quarter. Capital International Investors acquired a new position in shares of Consol Energy during the 3rd quarter worth about $31,806,000. WINTON GROUP Ltd boosted its stake in shares of Consol Energy by 19.4% during the 3rd quarter. WINTON GROUP Ltd now owns 511,682 shares of the company’s stock worth $20,882,000 after buying an additional 83,158 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Consol Energy by 243.4% during the 3rd quarter. Deutsche Bank AG now owns 382,136 shares of the company’s stock worth $15,593,000 after buying an additional 270,865 shares during the last quarter. Institutional investors own 96.24% of the company’s stock.

Consol Energy stock opened at $35.05 on Friday. Consol Energy has a one year low of $19.51 and a one year high of $48.12. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.26 and a quick ratio of 1.12. The stock has a market cap of $996.12 million and a PE ratio of 7.79.

About Consol Energy

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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