Warrior Met Coal (NYSE:HCC) Shares Gap Down Following Weak Earnings

Warrior Met Coal (NYSE:HCC) gapped down before the market opened on Friday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $89.85, but opened at $83.13. Warrior Met Coal shares last traded at $83.3720, with a volume of 367,809 shares traded.

The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.03). Warrior Met Coal had a return on equity of 2.71% and a net margin of 4.35%.The company had revenue of $458.59 million during the quarter, compared to the consensus estimate of $467.54 million. During the same quarter in the prior year, the business earned ($0.16) earnings per share. The firm’s revenue for the quarter was up 52.9% on a year-over-year basis.

Warrior Met Coal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 7th. Stockholders of record on Friday, May 1st will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. Warrior Met Coal’s dividend payout ratio is 29.36%.

Analysts Set New Price Targets

A number of analysts have recently commented on HCC shares. B. Riley Financial reaffirmed a “buy” rating on shares of Warrior Met Coal in a research note on Friday, February 13th. Zacks Research raised Warrior Met Coal from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. UBS Group upped their price target on Warrior Met Coal from $101.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, March 27th. Citigroup upped their price target on Warrior Met Coal from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, March 18th. Finally, Jefferies Financial Group upped their price target on Warrior Met Coal from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $103.40.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. bought a new position in Warrior Met Coal during the fourth quarter worth about $31,000. EverSource Wealth Advisors LLC lifted its holdings 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 in the last quarter. Parallel Advisors LLC lifted its holdings in Warrior Met Coal by 272.1% during the fourth quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock worth $36,000 after acquiring an additional 302 shares in the last quarter. IFP Advisors Inc bought a new position in Warrior Met Coal during the fourth quarter worth about $37,000. Finally, Hantz Financial Services Inc. lifted its holdings in Warrior Met Coal by 266.1% during the third quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock worth $40,000 after acquiring an additional 455 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors.

Warrior Met Coal Trading Down 5.4%

The company has a fifty day simple moving average of $88.04 and a two-hundred day simple moving average of $84.69. The company has a quick ratio of 2.27, a current ratio of 3.19 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $4.49 billion, a P/E ratio of 76.82 and a beta of 0.67.

About Warrior Met Coal

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.