Ciner Resources LP (NYSE:CINR) announced its quarterly earnings data on Monday. The basic materials company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.03), Briefing.com reports. The firm had revenue of $122.50 million during the quarter, compared to analyst estimates of $118.10 million. Ciner Resources had a net margin of 8.18% and a return on equity of 15.65%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.56 earnings per share.
Ciner Resources (NYSE:CINR) traded down $0.05 during trading hours on Wednesday, hitting $24.11. 2,950 shares of the stock were exchanged, compared to its average volume of 17,237. Ciner Resources has a fifty-two week low of $22.61 and a fifty-two week high of $32.50. The firm has a market cap of $490.20, a PE ratio of 12.49 and a beta of 0.99. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.62 and a current ratio of 2.96.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, November 6th will be paid a dividend of $0.567 per share. The ex-dividend date of this dividend is Friday, November 3rd. This is a boost from Ciner Resources’s previous quarterly dividend of $0.56. This represents a $2.27 dividend on an annualized basis and a dividend yield of 9.39%. Ciner Resources’s dividend payout ratio is 114.07%.
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Several equities analysts have issued reports on CINR shares. Citigroup Inc. reissued a “neutral” rating and issued a $25.00 price objective (down from $29.00) on shares of Ciner Resources in a research note on Thursday, August 10th. Zacks Investment Research cut shares of Ciner Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. BidaskClub raised shares of Ciner Resources from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 13th. Finally, B. Riley reaffirmed a “buy” rating on shares of Ciner Resources in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Ciner Resources presently has an average rating of “Hold” and an average price target of $25.00.
About Ciner Resources
Ciner Resources LP, through its subsidiary, Ciner Wyoming LLC (Ciner Wyoming), produces soda ash and serves a global market from its facility in the Green River Basin of Wyoming. The Company processes trona ore into soda ash, a raw material in flat glass, container glass, detergents, chemicals, paper and other consumer and industrial products.
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