CONSOL Energy Inc. (NYSE:CEIX) Expected to Earn Q3 2024 Earnings of $3.17 Per Share

CONSOL Energy Inc. (NYSE:CEIX) – Equities research analysts at B. Riley dropped their Q3 2024 earnings per share (EPS) estimates for CONSOL Energy in a research note issued on Monday, October 7th. B. Riley analyst L. Pipes now forecasts that the company will post earnings of $3.17 per share for the quarter, down from their previous estimate of $3.18. B. Riley has a “Buy” rating and a $138.00 price objective on the stock. The consensus estimate for CONSOL Energy’s current full-year earnings is $11.54 per share. B. Riley also issued estimates for CONSOL Energy’s Q1 2025 earnings at $3.61 EPS, Q2 2025 earnings at $3.70 EPS, Q3 2025 earnings at $4.04 EPS, Q4 2025 earnings at $4.26 EPS, FY2025 earnings at $15.60 EPS, Q1 2026 earnings at $4.23 EPS, Q2 2026 earnings at $4.22 EPS, Q3 2026 earnings at $4.32 EPS and FY2026 earnings at $17.08 EPS.

CONSOL Energy Stock Performance

Shares of CEIX opened at $109.30 on Wednesday. The firm has a market cap of $3.21 billion, a P/E ratio of 6.63 and a beta of 1.73. CONSOL Energy has a twelve month low of $75.43 and a twelve month high of $114.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.31 and a current ratio of 1.55. The firm’s 50 day moving average price is $97.22 and its two-hundred day moving average price is $94.55.

CONSOL Energy (NYSE:CEIX) last released its quarterly earnings data on Thursday, August 8th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.68. CONSOL Energy had a return on equity of 30.50% and a net margin of 18.28%. The business had revenue of $501.10 million for the quarter, compared to analysts’ expectations of $429.90 million. During the same quarter in the previous year, the business posted $4.94 EPS.

Institutional Trading of CONSOL Energy

Several hedge funds and other institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp grew its holdings in shares of CONSOL Energy by 4.1% during the second quarter. Mackenzie Financial Corp now owns 2,783 shares of the company’s stock worth $284,000 after buying an additional 109 shares in the last quarter. Evergreen Capital Management LLC grew its stake in shares of CONSOL Energy by 4.0% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,855 shares of the company’s stock worth $393,000 after acquiring an additional 147 shares in the last quarter. Empirical Finance LLC grew its stake in shares of CONSOL Energy by 1.9% during the 2nd quarter. Empirical Finance LLC now owns 11,583 shares of the company’s stock worth $1,182,000 after acquiring an additional 217 shares in the last quarter. CWM LLC raised its holdings in shares of CONSOL Energy by 70.7% in the second quarter. CWM LLC now owns 531 shares of the company’s stock valued at $54,000 after purchasing an additional 220 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of CONSOL Energy by 8.5% in the second quarter. Hsbc Holdings PLC now owns 3,790 shares of the company’s stock worth $384,000 after purchasing an additional 296 shares in the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

CONSOL Energy Cuts Dividend

The business also recently disclosed a Variable dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a yield of 0.5%. CONSOL Energy’s dividend payout ratio is currently 1.52%.

CONSOL Energy Company Profile

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.