Wall Street brokerages expect that Clean Energy Fuels Corp. (NASDAQ:CLNE) will post ($0.05) earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Clean Energy Fuels’ earnings. Clean Energy Fuels posted earnings of $0.41 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 112.2%. The firm is expected to issue its next earnings results on Thursday, May 3rd.
On average, analysts expect that Clean Energy Fuels will report full year earnings of ($0.17) per share for the current financial year. For the next financial year, analysts expect that the business will report earnings of ($0.14) per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Clean Energy Fuels.
Clean Energy Fuels (NASDAQ:CLNE) last issued its quarterly earnings results on Tuesday, March 13th. The utilities provider reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.08). The business had revenue of $89.30 million during the quarter, compared to analyst estimates of $83.77 million. Clean Energy Fuels had a negative net margin of 23.20% and a negative return on equity of 15.55%. The company’s revenue for the quarter was down 12.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.02) earnings per share.
Several equities research analysts have recently issued reports on CLNE shares. Zacks Investment Research downgraded Clean Energy Fuels from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. BidaskClub downgraded Clean Energy Fuels from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 9th.
Shares of NASDAQ:CLNE traded down $0.02 during midday trading on Thursday, hitting $1.64. The company’s stock had a trading volume of 367,027 shares, compared to its average volume of 1,245,613. The company has a market cap of $249.93, a P/E ratio of -3.09 and a beta of 1.39. Clean Energy Fuels has a fifty-two week low of $1.31 and a fifty-two week high of $3.05. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.33 and a current ratio of 1.50.
In other news, Director John S. Herrington bought 140,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The shares were acquired at an average cost of $1.41 per share, with a total value of $197,400.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 26.69% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC acquired a new stake in Clean Energy Fuels during the fourth quarter valued at approximately $153,000. Jane Street Group LLC boosted its holdings in Clean Energy Fuels by 1,062.0% during the fourth quarter. Jane Street Group LLC now owns 116,930 shares of the utilities provider’s stock valued at $237,000 after purchasing an additional 106,867 shares in the last quarter. Two Sigma Investments LP acquired a new stake in Clean Energy Fuels during the fourth quarter valued at approximately $439,000. Wells Fargo & Company MN boosted its holdings in Clean Energy Fuels by 44.5% during the third quarter. Wells Fargo & Company MN now owns 198,069 shares of the utilities provider’s stock valued at $491,000 after purchasing an additional 60,966 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its holdings in Clean Energy Fuels by 8.0% during the third quarter. Nationwide Fund Advisors now owns 389,065 shares of the utilities provider’s stock valued at $965,000 after purchasing an additional 28,778 shares in the last quarter. 33.54% of the stock is currently owned by institutional investors and hedge funds.
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Clean Energy Fuels Company Profile
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 provides operation and maintenance services for vehicle fleet customer stations.
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