Clean Energy Fuels Corp (NASDAQ:CLNE) Expected to Announce Earnings of -$0.01 Per Share

Equities research analysts expect Clean Energy Fuels Corp (NASDAQ:CLNE) to post earnings per share (EPS) of ($0.01) for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Clean Energy Fuels’ earnings. Clean Energy Fuels posted earnings of ($0.06) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 83.3%. The business is expected to report its next quarterly earnings results after the market closes on Thursday, August 8th.

On average, analysts expect that Clean Energy Fuels will report full-year earnings of ($0.05) per share for the current fiscal year. For the next fiscal year, analysts forecast that the firm will post earnings of ($0.02) per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Clean Energy Fuels.

Clean Energy Fuels (NASDAQ:CLNE) last issued its quarterly earnings data on Thursday, May 9th. The utilities provider reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.01. Clean Energy Fuels had a negative net margin of 8.38% and a negative return on equity of 5.43%. The firm had revenue of $77.70 million for the quarter.

Several equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a report on Wednesday. BidaskClub downgraded shares of Ames National from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, ValuEngine raised shares of Zillow Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th.

Shares of CLNE stock traded up $0.04 during trading hours on Friday, hitting $2.74. The company had a trading volume of 460,450 shares, compared to its average volume of 661,054. The business’s fifty day moving average is $2.61. The company has a quick ratio of 2.68, a current ratio of 3.16 and a debt-to-equity ratio of 0.20. Clean Energy Fuels has a fifty-two week low of $1.61 and a fifty-two week high of $3.47. The firm has a market capitalization of $552.57 million, a PE ratio of -45.67 and a beta of 1.93.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Moors & Cabot Inc. lifted its position in Clean Energy Fuels by 136.2% during the second quarter. Moors & Cabot Inc. now owns 356,500 shares of the utilities provider’s stock valued at $948,000 after buying an additional 205,600 shares in the last quarter. EagleClaw Capital Managment LLC lifted its position in Clean Energy Fuels by 98.7% during the second quarter. EagleClaw Capital Managment LLC now owns 62,600 shares of the utilities provider’s stock valued at $168,000 after buying an additional 31,100 shares in the last quarter. Weiss Asset Management LP acquired a new position in Clean Energy Fuels during the first quarter valued at approximately $74,000. Trust Co. of Toledo NA OH lifted its position in Clean Energy Fuels by 20.2% during the first quarter. Trust Co. of Toledo NA OH now owns 23,042 shares of the utilities provider’s stock valued at $71,000 after buying an additional 3,872 shares in the last quarter. Finally, EAM Global Investors LLC acquired a new position in Clean Energy Fuels during the first quarter valued at approximately $1,406,000. 28.44% of the stock is currently owned by hedge funds and other institutional investors.

Clean Energy Fuels Company Profile

Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The company supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for light, medium, and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations.

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