Warrior Met Coal (NYSE:HCC) Posts Earnings Results, Beats Expectations By $0.91 EPS

Warrior Met Coal (NYSE:HCC) announced its earnings results on Wednesday. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.91, FiscalAI reports. Warrior Met Coal had a net margin of 3.30% and a return on equity of 2.26%. The business had revenue of $328.59 million during the quarter, compared to analysts’ expectations of $302.51 million.

Warrior Met Coal Price Performance

Shares of NYSE:HCC traded up $1.14 on Wednesday, reaching $65.96. 668,438 shares of the company were exchanged, compared to its average volume of 942,540. The company has a 50-day moving average of $62.92 and a 200-day moving average of $54.77. The company has a current ratio of 4.59, a quick ratio of 3.44 and a debt-to-equity ratio of 0.12. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 85.66 and a beta of 0.75. Warrior Met Coal has a 1-year low of $38.00 and a 1-year high of $75.15.

Warrior Met Coal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, November 7th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, November 7th. Warrior Met Coal’s payout ratio is presently 41.56%.

Wall Street Analyst Weigh In

Several research firms have commented on HCC. Wall Street Zen raised Warrior Met Coal from a “sell” rating to a “hold” rating in a research note on Saturday, October 11th. B. Riley dropped their target price on Warrior Met Coal from $76.00 to $74.00 and set a “buy” rating on the stock in a report on Tuesday, July 22nd. BMO Capital Markets set a $55.00 price target on Warrior Met Coal and gave the stock a “market perform” rating in a report on Thursday, August 7th. UBS Group lifted their price objective on shares of Warrior Met Coal from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Finally, Zacks Research raised shares of Warrior Met Coal from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $65.50.

Institutional Investors Weigh In On Warrior Met Coal

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System boosted its position in shares of Warrior Met Coal by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 48,341 shares of the company’s stock worth $2,215,000 after buying an additional 337 shares in the last quarter. Hsbc Holdings PLC raised its position in Warrior Met Coal by 7.7% during the second quarter. Hsbc Holdings PLC now owns 6,479 shares of the company’s stock worth $300,000 after acquiring an additional 464 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Warrior Met Coal by 217.2% during the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after acquiring an additional 467 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Warrior Met Coal by 21.6% in the third quarter. Envestnet Asset Management Inc. now owns 5,496 shares of the company’s stock valued at $350,000 after purchasing an additional 978 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Warrior Met Coal by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,860 shares of the company’s stock valued at $1,473,000 after purchasing an additional 1,351 shares during the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Warrior Met Coal Company Profile

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.