CONSOL Energy (NYSE:CEIX) Releases Earnings Results, Beats Expectations By $0.05 EPS

CONSOL Energy (NYSE:CEIX) announced its quarterly earnings results on Tuesday. The company reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $3.17 by $0.05, Zacks reports. CONSOL Energy had a net margin of 18.28% and a return on equity of 30.50%. The business had revenue of $574.90 million for the quarter, compared to the consensus estimate of $554.00 million. During the same period last year, the company posted $3.11 EPS. CONSOL Energy’s revenue for the quarter was up .9% on a year-over-year basis.

CONSOL Energy Stock Up 11.6 %

Shares of CONSOL Energy stock traded up $13.23 during trading hours on Wednesday, reaching $126.86. 930,762 shares of the company’s stock were exchanged, compared to its average volume of 481,237. The company has a current ratio of 1.55, a quick ratio of 1.31 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average of $102.78 and a two-hundred day moving average of $97.91. The stock has a market cap of $3.73 billion, a P/E ratio of 8.41 and a beta of 1.73. CONSOL Energy has a fifty-two week low of $75.43 and a fifty-two week high of $127.26.

CONSOL Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Friday, November 15th. CONSOL Energy’s dividend payout ratio (DPR) is currently 1.85%.

Analyst Upgrades and Downgrades

Separately, B. Riley upped their price objective on shares of CONSOL Energy from $109.00 to $138.00 and gave the company a “buy” rating in a research report on Monday, October 7th.

About CONSOL Energy

CONSOL Energy Inc, together with its subsidiaries, produces and sells bituminous coal in the United States and internationally. It operates through two segments, Pennsylvania Mining Complex (PAMC) and CONSOL Marine Terminal. The company's PAMC segment engages in the mining, preparing, and marketing of bituminous coal to power generators, industrial end-users, and metallurgical end-users.