Brokerages predict that Warrior Met Coal Inc (NYSE:HCC) will post earnings of $1.11 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Warrior Met Coal’s earnings. The highest EPS estimate is $1.28 and the lowest is $0.95. Warrior Met Coal posted earnings of $1.06 per share in the same quarter last year, which suggests a positive year over year growth rate of 4.7%. The business is scheduled to report its next quarterly earnings results on Wednesday, October 30th.
On average, analysts expect that Warrior Met Coal will report full year earnings of $6.33 per share for the current fiscal year, with EPS estimates ranging from $6.20 to $6.42. For the next financial year, analysts expect that the firm will post earnings of $4.07 per share, with EPS estimates ranging from $3.42 to $4.94. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Warrior Met Coal.
Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $2.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.47. Warrior Met Coal had a return on equity of 62.99% and a net margin of 47.01%. The business had revenue of $397.61 million during the quarter, compared to the consensus estimate of $311.62 million. During the same period in the prior year, the business posted $1.81 earnings per share. Warrior Met Coal’s quarterly revenue was up 23.3% on a year-over-year basis.
A number of brokerages have weighed in on HCC. ValuEngine downgraded Warrior Met Coal from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Royal Bank of Canada set a $33.00 price target on Warrior Met Coal and gave the stock a “hold” rating in a report on Friday, May 3rd. BMO Capital Markets set a $40.00 price target on Warrior Met Coal and gave the stock a “buy” rating in a report on Thursday, May 2nd. MKM Partners increased their price target on Warrior Met Coal to $38.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Finally, TheStreet downgraded Warrior Met Coal from a “b-” rating to a “c+” rating in a report on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $31.89.
In other Warrior Met Coal news, CEO Walter J. Scheller sold 4,547 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $27.04, for a total value of $122,950.88. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Brian M. Chopin sold 1,068 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $27.13, for a total transaction of $28,974.84. The disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Origin Asset Management LLP bought a new position in Warrior Met Coal in the 1st quarter valued at about $304,000. HCR Wealth Advisors bought a new position in Warrior Met Coal in the 1st quarter valued at about $224,000. O Keefe Stevens Advisory Inc. bought a new position in Warrior Met Coal in the 2nd quarter valued at about $2,210,000. Sciencast Management LP bought a new position in Warrior Met Coal in the 1st quarter valued at about $227,000. Finally, IndexIQ Advisors LLC lifted its position in Warrior Met Coal by 478.4% in the 1st quarter. IndexIQ Advisors LLC now owns 61,178 shares of the company’s stock valued at $1,860,000 after acquiring an additional 50,600 shares in the last quarter.
Warrior Met Coal stock traded down $0.02 during trading hours on Monday, reaching $20.33. 739,100 shares of the company’s stock were exchanged, compared to its average volume of 836,291. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.31 and a quick ratio of 2.73. The stock’s 50 day moving average price is $24.30. Warrior Met Coal has a twelve month low of $19.89 and a twelve month high of $33.49. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 2.34 and a beta of 0.47.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, August 2nd were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.98%. The ex-dividend date was Thursday, August 1st. Warrior Met Coal’s payout ratio is currently 2.31%.
About Warrior Met Coal
Warrior Met Coal, Inc produces and exports metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.
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