CONSOL Energy (NYSE:CEIX) Issues Quarterly Earnings Results, Beats Estimates By $0.05 EPS

CONSOL Energy (NYSE:CEIX) issued its 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. The firm had revenue of $574.90 million for the quarter, compared to analyst estimates of $554.00 million. CONSOL Energy had a net margin of 18.28% and a return on equity of 30.50%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the business posted $3.11 earnings per share.

CONSOL Energy Trading Up 8.4 %

NYSE CEIX traded up $9.58 during trading hours on Wednesday, reaching $123.21. The company’s stock had a trading volume of 619,960 shares, compared to its average volume of 479,210. The firm has a fifty day simple moving average of $102.78 and a 200-day simple moving average of $97.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.55 and a quick ratio of 1.31. CONSOL Energy has a 52 week low of $75.43 and a 52 week high of $124.30. The stock has a market cap of $3.62 billion, a P/E ratio of 8.41 and a beta of 1.73.

CONSOL Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Friday, November 15th. CONSOL Energy’s dividend payout ratio is currently 1.85%.

Analyst Ratings Changes

Separately, B. Riley increased their price target on CONSOL Energy from $109.00 to $138.00 and gave the company a “buy” rating in a research note 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.