Equities analysts expect Ciner Resources LP (NYSE:CINR) to report $0.49 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Ciner Resources’ earnings. The highest EPS estimate is $0.54 and the lowest is $0.43. Ciner Resources reported earnings of $0.55 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 10.9%. The firm is expected to issue its next earnings results on Thursday, November 2nd.
On average, analysts expect that Ciner Resources will report full-year earnings of $1.90 per share for the current year, with EPS estimates ranging from $1.73 to $2.07. For the next fiscal year, analysts anticipate that the company will report earnings of $2.09 per share, with EPS estimates ranging from $1.89 to $2.29. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Ciner Resources.
Ciner Resources (NYSE:CINR) last issued its quarterly earnings data on Monday, August 7th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.12). The company had revenue of $119.70 million for the quarter, compared to analysts’ expectations of $129.20 million. Ciner Resources had a net margin of 8.18% and a return on equity of 15.65%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share.
Several equities analysts have recently commented on CINR shares. BidaskClub upgraded Ciner Resources from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 13th. Zacks Investment Research upgraded Ciner Resources from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. Finally, Citigroup Inc. restated a “neutral” rating and set a $25.00 price target (down previously from $29.00) on shares of Ciner Resources in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $25.00.
Several institutional investors have recently added to or reduced their stakes in CINR. Russell Investments Group Ltd. lifted its holdings in shares of Ciner Resources by 5.2% during the first quarter. Russell Investments Group Ltd. now owns 21,461 shares of the basic materials company’s stock worth $612,000 after purchasing an additional 1,059 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Ciner Resources by 55.0% during the first quarter. Bank of New York Mellon Corp now owns 60,871 shares of the basic materials company’s stock worth $1,737,000 after purchasing an additional 21,591 shares during the period. FMR LLC acquired a new stake in shares of Ciner Resources during the first quarter worth about $4,123,000. California Public Employees Retirement System lifted its holdings in shares of Ciner Resources by 1.2% during the second quarter. California Public Employees Retirement System now owns 91,100 shares of the basic materials company’s stock worth $2,496,000 after purchasing an additional 1,100 shares during the period. Finally, Walthausen & Co. LLC lifted its holdings in shares of Ciner Resources by 15.1% during the second quarter. Walthausen & Co. LLC now owns 403,860 shares of the basic materials company’s stock worth $11,066,000 after purchasing an additional 53,090 shares during the period. 9.20% of the stock is owned by hedge funds and other institutional investors.
Ciner Resources (NYSE:CINR) traded down 1.38% during mid-day trading on Friday, hitting $25.05. 10,303 shares of the stock were exchanged. The stock has a 50 day moving average of $25.17 and a 200-day moving average of $26.61. Ciner Resources has a 52-week low of $22.61 and a 52-week high of $32.50. The stock has a market cap of $494.26 million, a price-to-earnings ratio of 12.65 and a beta of 1.00.
The company also recently announced a dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 6th will be issued a dividend of $0.567 per share. This is an increase from Ciner Resources’s previous dividend of $0.56. The ex-dividend date of this dividend is Friday, November 3rd. Ciner Resources’s payout ratio is 114.07%.
WARNING: “$0.49 Earnings Per Share Expected for Ciner Resources LP (CINR) This Quarter” was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at https://www.com-unik.info/2017/10/29/0-49-earnings-per-share-expected-for-ciner-resources-lp-cinr-this-quarter.html.
Ciner Resources Company Profile
Ciner Resources LP, through its subsidiary, Ciner Wyoming LLC (Ciner Wyoming), produces soda ash and serves a global market from its facility in the Green River Basin of Wyoming. The Company processes trona ore into soda ash, a raw material in flat glass, container glass, detergents, chemicals, paper and other consumer and industrial products.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
What are top analysts saying about Ciner Resources LP? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Ciner Resources LP and related companies.