Ciner Resources LP (NYSE:CINR) issued its earnings results on Monday. The basic materials company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.53 by $0.12, Briefing.com reports. Ciner Resources had a return on equity of 15.52% and a net margin of 8.18%. The company had revenue of $119.70 million during the quarter, compared to the consensus estimate of $129.20 million. During the same quarter in the prior year, the business earned $0.52 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year.

Shares of Ciner Resources (CINR) opened at 23.85 on Wednesday. The stock’s 50 day moving average price is $27.52 and its 200-day moving average price is $28.53. The company has a market cap of $480.03 million, a P/E ratio of 11.30 and a beta of 0.97. Ciner Resources has a 12 month low of $22.61 and a 12 month high of $32.50.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Monday, August 7th will be paid a $0.567 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $2.27 annualized dividend and a yield of 9.51%. This is an increase from Ciner Resources’s previous quarterly dividend of $0.56. Ciner Resources’s dividend payout ratio (DPR) is currently 114.07%.

Several research analysts have commented on the company. Zacks Investment Research upgraded Ciner Resources from a “sell” rating to a “hold” rating in a research note on Thursday, May 18th. ValuEngine downgraded Ciner Resources from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub downgraded Ciner Resources from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Ciner Resources presently has an average rating of “Hold” and a consensus target price of $32.50.

WARNING: “Ciner Resources LP (NYSE:CINR) Issues Quarterly Earnings Results” was published by Daily Political and is owned by of Daily Political. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The original version of this news story can be accessed at https://www.dailypolitical.com/2017/08/09/ciner-resources-lp-nysecinr-issues-quarterly-earnings-results.html.

Ciner Resources Company Profile

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.

Earnings History for Ciner Resources (NYSE:CINR)

Receive News & Ratings for Ciner Resources LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ciner Resources LP and related companies with MarketBeat.com's FREE daily email newsletter.