Analysts expect Clean Energy Fuels Corp (NASDAQ:CLNE) to report earnings per share (EPS) of ($0.02) for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Clean Energy Fuels’ earnings. Clean Energy Fuels posted earnings of ($0.06) per share in the same quarter last year, which indicates a positive year over year growth rate of 66.7%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, August 6th.
According to Zacks, analysts expect that Clean Energy Fuels will report full year earnings of ($0.05) per share for the current fiscal year. For the next year, analysts expect that the business will post earnings of ($0.03) per share. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Clean Energy Fuels.
Clean Energy Fuels (NASDAQ:CLNE) last posted its quarterly earnings results on Thursday, May 9th. The utilities provider reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. Clean Energy Fuels had a negative net margin of 8.38% and a negative return on equity of 5.43%. The company had revenue of $77.70 million for the quarter.
Several equities research analysts have commented on the stock. ValuEngine lowered shares of Clean Energy Fuels from a “buy” rating to a “hold” rating in a report on Monday. Zacks Investment Research lowered shares of Clean Energy Fuels from a “buy” rating to a “hold” rating in a research note on Wednesday, June 5th. Finally, BidaskClub lowered shares of Clean Energy Fuels from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 1st.
NASDAQ:CLNE traded up $0.04 during mid-day trading on Thursday, hitting $2.58. The company’s stock had a trading volume of 555,200 shares, compared to its average volume of 896,648. Clean Energy Fuels has a 1 year low of $1.61 and a 1 year high of $3.83. The company has a current ratio of 3.16, a quick ratio of 2.68 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $517.78 million, a PE ratio of -43.00 and a beta of 2.04. The business’s fifty day moving average price is $2.72.
Several hedge funds have recently bought and sold shares of the company. Weiss Asset Management LP purchased a new stake in shares of Clean Energy Fuels during the 1st quarter worth about $74,000. Trust Co. of Toledo NA OH lifted its stake in Clean Energy Fuels by 20.2% in the 1st quarter. Trust Co. of Toledo NA OH now owns 23,042 shares of the utilities provider’s stock valued at $71,000 after buying an additional 3,872 shares in the last quarter. EAM Global Investors LLC purchased a new position in Clean Energy Fuels in the 1st quarter valued at about $1,406,000. Acadian Asset Management LLC purchased a new position in Clean Energy Fuels in the 1st quarter valued at about $398,000. Finally, Moors & Cabot Inc. lifted its stake in Clean Energy Fuels by 658.3% in the 1st quarter. Moors & Cabot Inc. now owns 150,900 shares of the utilities provider’s stock valued at $462,000 after buying an additional 131,000 shares in the last quarter. 28.45% of the stock is currently owned by institutional investors and hedge funds.
About Clean Energy Fuels
Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The company supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for light, medium, and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations.
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