Q1 2024 EPS Estimates for Warrior Met Coal, Inc. (NYSE:HCC) Reduced by Analyst

Warrior Met Coal, Inc. (NYSE:HCC) – Investment analysts at B. Riley reduced their Q1 2024 earnings estimates for shares of Warrior Met Coal in a research report issued to clients and investors on Monday, April 15th. B. Riley analyst L. Pipes now expects that the company will post earnings of $2.02 per share for the quarter, down from their prior estimate of $2.39. B. Riley currently has a “Buy” rating and a $87.00 target price on the stock. The consensus estimate for Warrior Met Coal’s current full-year earnings is $8.41 per share. B. Riley also issued estimates for Warrior Met Coal’s Q2 2024 earnings at $0.62 EPS and FY2024 earnings at $6.10 EPS.

Several other equities research analysts also recently weighed in on the stock. UBS Group started coverage on shares of Warrior Met Coal in a research note on Tuesday, January 16th. They set a “neutral” rating and a $68.00 target price on the stock. Citigroup raised shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and upped their target price for the stock from $60.00 to $75.00 in a research note on Thursday, April 11th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $67.60.

Warrior Met Coal Price Performance

Shares of HCC opened at $65.04 on Thursday. Warrior Met Coal has a fifty-two week low of $31.97 and a fifty-two week high of $69.97. The firm’s 50 day moving average price is $58.74 and its 200 day moving average price is $57.15. The company has a market cap of $3.40 billion, a P/E ratio of 7.07 and a beta of 1.09. The company has a quick ratio of 5.99, a current ratio of 7.24 and a debt-to-equity ratio of 0.10.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, February 14th. The company reported $2.49 earnings per share for the quarter, missing the consensus estimate of $3.16 by ($0.67). Warrior Met Coal had a return on equity of 28.99% and a net margin of 28.55%. The business had revenue of $363.80 million for the quarter, compared to analysts’ expectations of $393.04 million. During the same period in the previous year, the company earned $1.90 earnings per share. Warrior Met Coal’s quarterly revenue was up 5.5% on a year-over-year basis.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of HCC. Renaissance Technologies LLC boosted its holdings in shares of Warrior Met Coal by 74.7% in the 1st quarter. Renaissance Technologies LLC now owns 2,125,379 shares of the company’s stock valued at $78,873,000 after buying an additional 909,000 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Warrior Met Coal during the 4th quarter worth $44,388,000. Norges Bank acquired a new stake in Warrior Met Coal during the 4th quarter worth $20,182,000. Millennium Management LLC boosted its stake in Warrior Met Coal by 769.3% during the 4th quarter. Millennium Management LLC now owns 427,377 shares of the company’s stock worth $14,804,000 after purchasing an additional 378,214 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Warrior Met Coal during the 4th quarter worth $12,790,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

Insider Activity

In related news, Director Alan H. Schumacher bought 2,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was acquired at an average price of $58.15 per share, for a total transaction of $116,300.00. Following the acquisition, the director now owns 30,270 shares in the company, valued at approximately $1,760,200.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

Warrior Met Coal Dividend Announcement

The company also recently declared a None dividend, which was paid on Thursday, March 7th. Shareholders of record on Friday, March 1st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, February 29th. Warrior Met Coal’s dividend payout ratio (DPR) is presently 3.48%.

About Warrior Met Coal

Warrior Met Coal, Inc produces and exports non-thermal 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.