$302.30 Million in Sales Expected for Westmoreland Coal (WLB) This Quarter

Equities analysts forecast that Westmoreland Coal (NASDAQ:WLB) will report sales of $302.30 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Westmoreland Coal’s earnings, with the lowest sales estimate coming in at $287.00 million and the highest estimate coming in at $317.60 million. Westmoreland Coal posted sales of $392.74 million in the same quarter last year, which suggests a negative year-over-year growth rate of 23%. The firm is scheduled to issue its next earnings results on Tuesday, March 27th.

According to Zacks, analysts expect that Westmoreland Coal will report full-year sales of $302.30 million for the current fiscal year, with estimates ranging from $1.31 billion to $1.34 billion. For the next financial year, analysts forecast that the company will post sales of $1.13 billion per share, with estimates ranging from $1.06 billion to $1.19 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that cover Westmoreland Coal.

Several research firms have weighed in on WLB. B. Riley restated a “buy” rating on shares of Westmoreland Coal in a report on Monday, November 6th. Zacks Investment Research upgraded shares of Westmoreland Coal from a “strong sell” rating to a “hold” rating in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $6.00.

A number of large investors have recently bought and sold shares of the business. Teachers Advisors LLC increased its holdings in Westmoreland Coal by 9.2% during the 2nd quarter. Teachers Advisors LLC now owns 77,144 shares of the coal producer’s stock valued at $376,000 after acquiring an additional 6,478 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Westmoreland Coal by 35.6% during the 2nd quarter. Alliancebernstein L.P. now owns 27,400 shares of the coal producer’s stock valued at $133,000 after acquiring an additional 7,200 shares in the last quarter. Northern Trust Corp increased its holdings in Westmoreland Coal by 4.6% during the 2nd quarter. Northern Trust Corp now owns 211,804 shares of the coal producer’s stock valued at $1,032,000 after acquiring an additional 9,401 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Westmoreland Coal by 53.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 56,152 shares of the coal producer’s stock valued at $274,000 after acquiring an additional 19,500 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in Westmoreland Coal by 18.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 139,920 shares of the coal producer’s stock valued at $681,000 after acquiring an additional 21,845 shares in the last quarter. Hedge funds and other institutional investors own 66.04% of the company’s stock.

Westmoreland Coal (NASDAQ WLB) traded down $0.09 during trading hours on Wednesday, reaching $0.60. 1,610,000 shares of the company’s stock traded hands, compared to its average volume of 266,710. The company has a debt-to-equity ratio of -1.32, a current ratio of 1.04 and a quick ratio of 0.71. Westmoreland Coal has a 52-week low of $0.50 and a 52-week high of $17.97. The stock has a market cap of $12.78, a P/E ratio of -0.10 and a beta of 0.48.

TRADEMARK VIOLATION WARNING: This report was reported by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be viewed at https://www.com-unik.info/2018/02/10/302-30-million-in-sales-expected-for-westmoreland-coal-wlb-this-quarter.html.

Westmoreland Coal Company Profile

Westmoreland Coal Company is an energy company. The Company operates through six segments: Coal-U.S., Coal-Canada, Coal-(WMLP), Power, Heritage and Corporate. The Coal-U.S. segment includes the operations of coal mines located in Montana, North Dakota, Ohio, Texas and New Mexico. The Coal-Canada segment includes the operations of coal mines located in Alberta and Saskatchewan.

Get a free copy of the Zacks research report on Westmoreland Coal (WLB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Westmoreland Coal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westmoreland Coal and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit