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.
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.
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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.
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