Analysts forecast that Consol Energy Inc (NYSE:CEIX) will post $0.80 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Consol Energy’s earnings, with the lowest EPS estimate coming in at $0.62 and the highest estimate coming in at $1.12. Consol Energy posted earnings per share of $1.06 during the same quarter last year, which indicates a negative year over year growth rate of 24.5%. The firm is expected to report its next earnings results on Tuesday, February 5th.
According to Zacks, analysts expect that Consol Energy will report full-year earnings of $4.82 per share for the current year, with EPS estimates ranging from $4.60 to $5.08. For the next fiscal year, analysts forecast that the firm will post earnings of $3.59 per share, with EPS estimates ranging from $2.05 to $5.43. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Consol Energy.
Consol Energy (NYSE:CEIX) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.33). The firm had revenue of $295.00 million for the quarter, compared to analysts’ expectations of $338.77 million. Consol Energy had a net margin of 5.61% and a return on equity of 34.09%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year.
A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in Consol Energy by 10.4% in 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 in the last quarter. Vanguard Group Inc. grew its stake in Consol Energy by 8.0% in 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 in the last quarter. Capital International Investors purchased a new position in Consol Energy in the 3rd quarter worth approximately $31,806,000. WINTON GROUP Ltd grew its stake in Consol Energy by 19.4% in 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 in the last quarter. Finally, Deutsche Bank AG grew its stake in Consol Energy by 243.4% in 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 in the last quarter. 96.24% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:CEIX opened at $35.05 on Thursday. The company has a market cap of $973.62 million and a P/E ratio of 6.95. Consol Energy has a 12 month low of $19.51 and a 12 month 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.
Consol Energy Company Profile
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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