In this article I will recap the historical results of the company, its latest EPS estimates vs. surprises, the latest news from JRCC and the news from its closest competitors.
Recent EPS Actuals vs. Estimates
In the last quarter it reported ($0.45) loss per share, beating analyst estimates of ($0.68) loss.
The consensus EPS estimate is ($0.79) loss based on 13 analysts' estimates, down from $0.31 a year ago. Revenue estimates are $274.70M, down from $352.04M a year ago. The median target price by analysts for the stock is $3.00.
Average recommendation: Hold
- On May 3, 2012, James River Coal Company announced that it had net loss of $15.7 million or $0.45 per fully diluted share for the first quarter of 2012. This is compared to net loss of $7.6 million or $0.28 per fully diluted share for the first quarter of 2011.
- On March 1, 2012, James River Coal Company announced that it had a net loss of $39.1 million or $1.19 per fully diluted share for the year ended December 31, 2011 and a net loss of $28.5 million or $0.82 per fully diluted share for the fourth quarter of 2011. Included in the year ended December 31, 2011 is an income tax expense adjustment related to a valuation allowance placed on the Company's deferred tax assets of $26.8 million or $0.82 per fully diluted share and $0.77 per fully diluted share for the fourth quarter. This is compared to net income of $78.2 million or $2.82 per fully diluted share for the year ended December 31, 2010 and net income of $25.9 million or $0.93 per fully diluted share for the fourth quarter of 2010. Included in the year ended December 31, 2010 is an income tax benefit related to the reversal of the deferred income tax valuation allowance of $22.1 million, or $0.80 per fully diluted share and $0.79 per fully diluted share for the fourth quarter.
Arch Coal (ACI), Alpha Natural Resources (ANR), Peabody Energy (BTU), and Cloud Peak Energy (CLD) are peers for comparison for James River Coal and the table below provides the key metrics for these companies and the industry.
The chart below compares the stock price changes as a percentage for the selected companies and S&P 500 index for the last one year period.
JRCC data by YCharts
Competitors' Latest Development
- On July 31, 2012, Cloud Peak Energy Inc. announced that it expects adjusted EBITDA of between $300-$350 million for fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report EBITDA of $305 million for fiscal 2012.
- On July 24, 2012, Peabody Energy Corp. announced that for third quarter of 2012, it expects adjusted EBITDA in the range of $350 to $450 million and adjusted diluted earnings per share in the range of $0.20 to $0.45. According to I/B/E/S estimates, analysts were expecting the Company to report EBITDA of $530 million and EPS of $0.65 for third quarter of 2012.
- On July 17, 2012, Dow Jones reported that Peabody Energy Corp. has entered an agreement with Kinder Morgan Energy Partners to expand the Gulf Coast coal-export platform for Peabody's Colorado, Powder River Basin and Illinois Basin coal products.
- On July 2, 2012, Cloud Peak Energy Inc. announced that it has acquired the Youngs Creek Mining Company, LLC (Youngs Creek) joint venture and other related coal and surface assets from Chevron U.S.A. Inc. (NYSE:CVX) and CONSOL Energy Inc. (NYSE:CNX) for $300 million.
- On June 22, 2012, Reuters reported that Arch Coal, Inc. will cut about a tenth of its workforce, or 750 jobs, as it closes three higher-cost mining complexes and associated plants in response to the weak U.S. market for thermal coal.
- On May 17, 2012, Arch Coal, Inc. announced that it closed on a new $1.4 billion term loan that was upsized from the previously announced $1 billion due to investor interest.
- On May 7, 2012, Law Firm of Klayman & Toskes announced that it is investigating claims on behalf of Arch Coal, Inc shareholders who sustained investment losses due to an over-concentration of Arch Coal stock.
- On April 30, 2012, Cloud Peak Energy Inc. announced that it expects adjusted EBITDA of between $300-$350 million for fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report EBITDA of $334 million for fiscal 2012.
- On April 19, 2012, Peabody Energy Corp. announced that it is targeting second quarter 2012 EBITDA in the range of $450 to $550 million and adjusted diluted earnings per share of $0.40 to $0.65. Second quarter targets reflect expected lower realized metallurgical and thermal coal pricing along with reduced U.S. shipments.
- On April 11, 2012, Alpha Natural Resources, Inc. announced the appointment of Paul Vining to the position of president, adding to his current role as chief commercial officer of the Company.
- On March 20, 2012, Alpha Natural Resources, Inc. announced that its chairman of the board, Michael J. Quillen, has chosen not to stand for re-election at the Company's 2012 annual meeting of stockholders scheduled on May 17, 2012 and will retire as chairman.
- On March 8, 2012, Peabody Energy Corp. announced a new global organizational structure, with the creation of geographic business units in the Americas, Australia and Asia to reflect the growing size and scope of Peabody's global footprint.
- On February 27, 2012, Arch Coal, Inc. announced that its Chairman and Chief Executive Officer, Steven F. Leer, will retire as CEO effective April 26, 2012, the date of the Company's annual shareholders meeting.
The stock has a market capitalization of $82.03M and is currently trading at $2.31 with a 52 week range of $1.68 - $14.40. The stock's year-to-date performance has been -67.05%. It is currently trading above 20 SMA, but below 50 and 200 SMA.
Sources: Yahoo Finance, Google Finance, Marketwatch, Finviz, Reuters.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.