Warrior Met Coal (HCC) to Distribute Quarterly Dividend of $0.08 on August 17th

Warrior Met Coal (NYSE:HCC) declared a quarterly dividend on Tuesday, July 28th. Shareholders of record on Monday, August 10th will be given a dividend of 0.08 per share on Monday, August 17th. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, August 10th.

Warrior Met Coal has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Warrior Met Coal has a dividend payout ratio of 7.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Warrior Met Coal to earn $6.79 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 4.7%.

Warrior Met Coal Trading Up 3.0%

Warrior Met Coal stock opened at $92.27 on Friday. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 22.18 and a beta of 0.65. Warrior Met Coal has a 1 year low of $54.66 and a 1 year high of $110.39. The firm’s 50 day moving average price is $86.69 and its two-hundred day moving average price is $88.09. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.42 and a current ratio of 3.93.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.25. The company had revenue of $509.69 million during the quarter, compared to the consensus estimate of $488.46 million. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%.The company’s quarterly revenue was up 71.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.11 EPS. On average, research analysts predict that Warrior Met Coal will post 5.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Citigroup reaffirmed a “buy” rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. Weiss Ratings cut Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 30th. Wall Street Zen raised Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Saturday. B. Riley Financial boosted their price objective on Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Finally, Zacks Research raised shares of Warrior Met Coal from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Warrior Met Coal presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.60.

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.