$352.30 Million in Sales Expected for Consol Energy Inc This Quarter
By Gemma Cottrell
January 18, 2019 - Wall Street brokerages predict that Consol Energy Inc (NYSE:CEIX) will report $352.30 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Consol Energy’s earnings, with the highest sales estimate coming in at $362.90 million and the lowest estimate coming in at $336.90 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 firm is scheduled to issue its next quarterly 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 financial year, with estimates ranging from $1.49 billion to $1.51 billion. For the next 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’ 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, November 1st. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.33). Consol Energy had a net margin of 5.61% and a return on equity of 34.09%. The firm had revenue of $295.00 million for the quarter, compared to the consensus estimate of $338.77 million. Consol Energy’s revenue for the quarter was up 5.7% compared to the same quarter last year.
Several equities analysts have weighed in on CEIX shares. B. Riley increased their price objective on Consol Energy from $49.00 to $50.00 and gave the company a “buy” rating in a report on Monday, November 5th. ValuEngine raised Consol Energy from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 25th. Finally, Zacks Investment Research lowered Consol Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $47.25.
Several institutional investors have recently bought and sold shares of CEIX. Quantbot Technologies LP purchased a new stake in shares of Consol Energy in the third quarter worth $100,000. American Century Companies Inc. purchased a new stake in shares of Consol Energy in the third quarter worth $201,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Consol Energy by 25.3% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,685 shares of the company’s stock worth $273,000 after buying an additional 1,349 shares in the last quarter. AXA purchased a new stake in shares of Consol Energy in the third quarter worth $416,000. Finally, Voya Investment Management LLC raised its position in shares of Consol Energy by 49.4% in the second quarter. Voya Investment Management LLC now owns 10,910 shares of the company’s stock worth $418,000 after buying an additional 3,609 shares in the last quarter. 81.40% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE CEIX opened at $32.57 on Thursday. Consol Energy has a 1-year low of $26.62 and a 1-year high of $48.12. The firm has a market cap of $910.01 million, a price-to-earnings ratio of 7.24 and a beta of 1.00. 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.