Brokerages Expect ConturaEnergyInc . (NASDAQ:CTRA) Will Post Earnings of $1.33 Per Share

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Equities analysts predict that ConturaEnergyInc . (NASDAQ:CTRA) will report $1.33 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for ConturaEnergyInc .’s earnings, with the highest EPS estimate coming in at $1.80 and the lowest estimate coming in at $0.85. ConturaEnergyInc . posted earnings of $1.35 per share during the same quarter last year, which would indicate a negative year over year growth rate of 1.5%. The business is scheduled to announce its next earnings report on Wednesday, November 13th.

According to Zacks, analysts expect that ConturaEnergyInc . will report full-year earnings of $4.14 per share for the current financial year. For the next year, analysts expect that the firm will report earnings of $2.14 per share, with EPS estimates ranging from $1.90 to $2.37. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow ConturaEnergyInc ..

ConturaEnergyInc . (NASDAQ:CTRA) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.33). The firm had revenue of $656.20 million during the quarter, compared to analyst estimates of $603.70 million. ConturaEnergyInc .’s revenue for the quarter was up 24.1% compared to the same quarter last year.

A number of brokerages have recently commented on CTRA. Zacks Investment Research raised shares of ConturaEnergyInc . from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 16th. TheStreet downgraded shares of ConturaEnergyInc . from a “c-” rating to a “d+” rating in a research report on Thursday, August 1st. B. Riley decreased their price objective on shares of ConturaEnergyInc . from $80.00 to $67.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Seaport Global Securities assumed coverage on shares of ConturaEnergyInc . in a research report on Friday, May 3rd. They issued a “buy” rating and a $78.00 price objective for the company.

Shares of CTRA traded up $0.03 during midday trading on Friday, reaching $30.97. The stock had a trading volume of 193,900 shares, compared to its average volume of 168,385. The firm has a 50 day simple moving average of $40.14 and a 200-day simple moving average of $53.01. ConturaEnergyInc . has a one year low of $29.45 and a one year high of $81.00.

In related news, CEO Charles Andrew Eidson sold 5,880 shares of ConturaEnergyInc . stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $52.72, for a total transaction of $309,993.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kevin Lee Stanley sold 1,986 shares of ConturaEnergyInc . stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $56.50, for a total transaction of $112,209.00. The disclosure for this sale can be found here. Insiders have sold a total of 29,976 shares of company stock valued at $1,507,166 in the last ninety days.

A number of institutional investors have recently modified their holdings of CTRA. BlackRock Inc. raised its position in shares of ConturaEnergyInc . by 123.2% in the 2nd quarter. BlackRock Inc. now owns 1,787,038 shares of the company’s stock valued at $92,747,000 after buying an additional 986,444 shares in the last quarter. Highbridge Capital Management LLC raised its position in shares of ConturaEnergyInc . by 34.2% in the 2nd quarter. Highbridge Capital Management LLC now owns 1,353,910 shares of the company’s stock valued at $70,267,000 after buying an additional 345,131 shares in the last quarter. Bain Capital Credit LP acquired a new position in shares of ConturaEnergyInc . in the 2nd quarter valued at approximately $15,551,000. Morgan Stanley raised its position in shares of ConturaEnergyInc . by 21.8% in the 2nd quarter. Morgan Stanley now owns 1,093,866 shares of the company’s stock valued at $56,772,000 after buying an additional 195,832 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of ConturaEnergyInc . in the 2nd quarter valued at approximately $5,315,000.

About ConturaEnergyInc .

Contura Energy, Inc extracts, processes, and markets steam and metallurgical coal to electric utilities, steel and coke producers, and industrial customers in the United States and internationally. The company operates in three segments: Central Appalachia Operations, Northern Appalachia Operations, and Trading and Logistics.

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Earnings History and Estimates for ConturaEnergyInc   . (NASDAQ:CTRA)

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