Warrior Met Coal (HCC) to Distribute Quarterly Dividend of $0.08 on November 20th

Warrior Met Coal (NYSE:HCC) declared a quarterly dividend on Tuesday, October 27th. Shareholders of record on Monday, November 9th will be given a dividend of $0.08 per share on Friday, November 20th. This represents a $0.32 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, November 9th.

Warrior Met Coal has increased its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 1 years. Warrior Met Coal has a payout ratio of 7.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Warrior Met Coal to earn $9.47 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 3.4%.

Warrior Met Coal Stock Up 4.2%

Shares of NYSE HCC opened at $84.20 on Friday. The company has a market cap of $4.45 billion, a P/E ratio of 19.18 and a beta of 0.75. The company has a current ratio of 3.93, a quick ratio of 2.79 and a debt-to-equity ratio of 0.10. Warrior Met Coal has a 12-month low of $71.79 and a 12-month high of $111.42. The stock has a fifty day moving average price of $91.51 and a 200 day moving average price of $89.78.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, November 4th. The company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.55 by ($0.62). Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%. The business had revenue of $507.93 million for the quarter, compared to the consensus estimate of $505.84 million. During the same quarter in the previous year, the company earned $0.70 earnings per share. The firm’s revenue for the quarter was up 54.6% on a year-over-year basis. Research analysts anticipate that Warrior Met Coal will post 6.97 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on HCC shares. Jefferies Financial Group restated a “buy” rating on shares of Warrior Met Coal in a research report on Thursday, October 29th. Zacks Research cut Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Royal Bank Of Canada boosted their target price on shares of Warrior Met Coal from $90.00 to $110.00 and gave the company a “sector perform” rating in a research note on Wednesday, September 16th. UBS Group decreased their target price on Warrior Met Coal from $102.00 to $97.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Weiss Ratings raised shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Warrior Met Coal has a consensus rating of “Moderate Buy” and a consensus target price of $109.80.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc is a mining company focused on the production and export of high-quality metallurgical coal, also known as met coal. Its products are used primarily by steelmakers in the blast-furnace steelmaking process, where metallurgical coal is converted into coke to support the production of iron and steel.

The company operates underground coal mines and related processing facilities in the Brookwood coal-producing region of Alabama. Warrior Met Coal primarily produces premium hard coking coal and sells its products to customers in international steel markets, serving regions that include Europe, Asia, and the Americas.

Warrior Met Coal was formed from the assets of Walter Energy after Walter Energy’s bankruptcy and began operating as an independent public company in 2016.