Warrior Met Coal Inc (NYSE:HCC) – B. Riley decreased their Q3 2019 earnings per share (EPS) estimates for Warrior Met Coal in a report released on Thursday, October 17th. B. Riley analyst L. Pipes now anticipates that the company will earn $1.06 per share for the quarter, down from their previous forecast of $1.12. B. Riley currently has a “Hold” rating and a $30.00 price objective on the stock. B. Riley also issued estimates for Warrior Met Coal’s Q4 2019 earnings at $1.07 EPS, FY2020 earnings at $4.55 EPS and FY2021 earnings at $4.90 EPS.
Several other equities analysts have also recently issued reports on the company. Clarkson Capital restated a “buy” rating on shares of Warrior Met Coal in a research note on Monday, September 23rd. ValuEngine upgraded Warrior Met Coal from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Deutsche Bank set a $34.00 target price on Warrior Met Coal and gave the company a “buy” rating in a research note on Thursday, July 11th. Zacks Investment Research upgraded Warrior Met Coal from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Jefferies Financial Group cut Warrior Met Coal from a “buy” rating to a “hold” rating and cut their target price for the company from $38.00 to $22.00 in a research note on Tuesday, August 6th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $31.88.
Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $2.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.47. Warrior Met Coal had a return on equity of 62.99% 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 period last year, the business posted $1.81 earnings per share. The firm’s revenue for the quarter was up 23.3% on a year-over-year basis.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 4th. Shareholders of record on Monday, October 28th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Friday, October 25th. Warrior Met Coal’s payout ratio is 2.31%.
In related news, CFO Dale W. Boyles bought 1,200 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were bought at an average cost of $22.22 per share, for a total transaction of $26,664.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.59% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its stake in shares of Warrior Met Coal by 18.8% during the second quarter. BlackRock Inc. now owns 3,450,941 shares of the company’s stock valued at $90,139,000 after purchasing an additional 547,190 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Warrior Met Coal by 8.6% during the second quarter. Acadian Asset Management LLC now owns 1,893,290 shares of the company’s stock valued at $49,454,000 after purchasing an additional 150,325 shares in the last quarter. Citadel Advisors LLC raised its stake in shares of Warrior Met Coal by 59.4% during the second quarter. Citadel Advisors LLC now owns 1,477,894 shares of the company’s stock valued at $38,602,000 after purchasing an additional 550,523 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Warrior Met Coal by 30.0% during the second quarter. JPMorgan Chase & Co. now owns 1,398,931 shares of the company’s stock valued at $36,023,000 after purchasing an additional 322,975 shares in the last quarter. Finally, Lansdowne Partners UK LLP raised its stake in shares of Warrior Met Coal by 9.7% during the second quarter. Lansdowne Partners UK LLP now owns 1,201,336 shares of the company’s stock valued at $31,379,000 after purchasing an additional 106,216 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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