Warrior Met Coal (NYSE:HCC) Issues Quarterly Earnings Results, Beats Expectations By $0.47 EPS

Warrior Met Coal (NYSE:HCC) announced its earnings results on Wednesday. The company reported $2.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.47, Briefing.com reports. Warrior Met Coal had a return on equity of 64.99% and a net margin of 47.01%. The firm had revenue of $397.61 million for the quarter, compared to analysts’ expectations of $311.62 million. During the same quarter in the previous year, the company earned $1.81 earnings per share. The firm’s quarterly revenue was up 23.3% compared to the same quarter last year.

Shares of NYSE HCC traded up $0.34 during trading on Friday, hitting $21.94. The company had a trading volume of 1,581,532 shares, compared to its average volume of 688,278. The company has a market cap of $1.28 billion, a P/E ratio of 2.53 and a beta of 0.47. Warrior Met Coal has a 52 week low of $20.88 and a 52 week high of $33.49. The firm has a 50-day moving average of $25.54. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.26 and a current ratio of 3.84.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, August 2nd will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $0.20 annualized dividend and a yield of 0.91%. Warrior Met Coal’s payout ratio is 2.31%.

Several equities research analysts recently commented on HCC shares. TheStreet cut Warrior Met Coal from a “b-” rating to a “c+” rating in a report on Wednesday, June 5th. Deutsche Bank set a $34.00 target price on Warrior Met Coal and gave the stock a “buy” rating in a report on Thursday, July 11th. Royal Bank of Canada set a $33.00 target price on Warrior Met Coal and gave the stock a “hold” rating in a report on Friday, May 3rd. ValuEngine cut Warrior Met Coal from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, MKM Partners boosted their target price on Warrior Met Coal to $38.00 and gave the stock a “buy” rating in a report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $34.67.

In other Warrior Met Coal news, CAO Brian M. Chopin sold 8,329 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $27.41, for a total value of $228,297.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Walter J. Scheller sold 4,547 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $27.04, for a total value of $122,950.88. The disclosure for this sale can be found here. Insiders sold 47,944 shares of company stock worth $1,339,024 in the last ninety days. 0.59% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of HCC. Dimensional Fund Advisors LP increased its holdings in shares of Warrior Met Coal by 104.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 791,490 shares of the company’s stock valued at $19,083,000 after buying an additional 404,063 shares in the last quarter. Impala Asset Management LLC increased its holdings in shares of Warrior Met Coal by 36.8% in the first quarter. Impala Asset Management LLC now owns 1,467,341 shares of the company’s stock valued at $44,607,000 after buying an additional 394,404 shares in the last quarter. First Quadrant L P CA increased its holdings in shares of Warrior Met Coal by 404.8% in the second quarter. First Quadrant L P CA now owns 189,937 shares of the company’s stock valued at $4,961,000 after buying an additional 152,310 shares in the last quarter. Brightline Capital Management LLC bought a new position in shares of Warrior Met Coal in the first quarter valued at $3,952,000. Finally, Marshall Wace North America L.P. increased its holdings in shares of Warrior Met Coal by 223.2% in the first quarter. Marshall Wace North America L.P. now owns 174,608 shares of the company’s stock valued at $5,309,000 after buying an additional 120,585 shares in the last quarter.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc produces and exports 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.

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Earnings History for Warrior Met Coal (NYSE:HCC)

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