$0.49 Earnings Per Share Expected for Ciner Resources LP (CINR) This Quarter

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%.

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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.

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