Q2 2024 EPS Estimates for Warrior Met Coal, Inc. (NYSE:HCC) Raised by B. Riley

Warrior Met Coal, Inc. (NYSE:HCC) – Equities researchers at B. Riley increased their Q2 2024 earnings per share estimates for shares of Warrior Met Coal in a report released on Thursday, May 2nd. B. Riley analyst L. Pipes now expects that the company will earn $0.66 per share for the quarter, up from their previous forecast of $0.62. B. Riley currently has a “Buy” rating and a $91.00 target price on the stock. The consensus estimate for Warrior Met Coal’s current full-year earnings is $6.98 per share. B. Riley also issued estimates for Warrior Met Coal’s Q3 2024 earnings at $1.45 EPS and FY2024 earnings at $6.34 EPS.

HCC has been the topic of a number of other reports. UBS Group started coverage on Warrior Met Coal in a research note on Tuesday, January 16th. They issued a “neutral” rating and a $68.00 price target 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 report on Thursday, April 11th. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a research report on Thursday. Finally, BMO Capital Markets boosted their price target on shares of Warrior Met Coal from $62.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday. Three investment 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.com, the company has an average rating of “Moderate Buy” and an average price target of $72.80.

Warrior Met Coal Trading Up 1.1 %

Shares of Warrior Met Coal stock opened at $66.23 on Monday. Warrior Met Coal has a twelve month low of $31.97 and a twelve month high of $71.91. The firm’s 50-day moving average price is $60.90 and its 200 day moving average price is $58.65. The company has a current ratio of 6.86, a quick ratio of 5.99 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $3.46 billion, a PE ratio of 7.97 and a beta of 1.05.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.61. The business had revenue of $503.50 million for the quarter, compared to the consensus estimate of $474.99 million. Warrior Met Coal had a net margin of 25.94% and a return on equity of 24.71%. The company’s revenue was down 1.2% compared to the same quarter last year. During the same period last year, the firm posted $3.57 earnings per share.

Hedge Funds Weigh In On Warrior Met Coal

Several large investors have recently modified their holdings of HCC. KGH Ltd increased its holdings in Warrior Met Coal by 11.2% in the 3rd quarter. KGH Ltd now owns 2,590,000 shares of the company’s stock valued at $132,297,000 after purchasing an additional 260,091 shares during the last quarter. FMR LLC grew its stake in shares of Warrior Met Coal by 1.0% in the third quarter. FMR LLC now owns 2,325,535 shares of the company’s stock valued at $118,788,000 after buying an additional 22,730 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Warrior Met Coal by 33.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 974,247 shares of the company’s stock valued at $59,137,000 after buying an additional 246,217 shares during the period. American Century Companies Inc. lifted its stake in Warrior Met Coal by 10.7% during the 3rd quarter. American Century Companies Inc. now owns 961,388 shares of the company’s stock worth $49,108,000 after acquiring an additional 92,941 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in Warrior Met Coal by 9.7% during the 4th quarter. Allianz Asset Management GmbH now owns 729,620 shares of the company’s stock valued at $44,485,000 after acquiring an additional 64,672 shares during the period. Institutional investors and hedge funds own 92.28% of the company’s stock.

Insider Activity at Warrior Met Coal

In other news, Director Alan H. Schumacher purchased 2,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was acquired at an average price of $58.15 per share, with a total value of $116,300.00. Following the purchase, the director now directly owns 30,270 shares in the company, valued at approximately $1,760,200.50. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 1.00% of the stock is currently owned by insiders.

Warrior Met Coal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, May 6th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.32 annualized dividend and a dividend yield of 0.48%. Warrior Met Coal’s payout ratio is 3.85%.

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.