Warrior Met Coal Inc. (NYSE:HCC) – Equities research analysts at Seaport Global Securities upped their Q3 2017 earnings per share estimates for shares of Warrior Met Coal in a research report issued on Tuesday, Zacks Investment Research reports. Seaport Global Securities analyst M. Levin now anticipates that the company will post earnings per share of $2.27 for the quarter, up from their prior estimate of $1.70. Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Warrior Met Coal’s Q4 2017 earnings at $1.16 EPS.
Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Thursday, November 9th. The company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.01. The firm had revenue of $312.00 million during the quarter, compared to the consensus estimate of $301.89 million. The business’s quarterly revenue was up 489.8% compared to the same quarter last year.
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Several other analysts also recently weighed in on HCC. Zacks Investment Research downgraded Warrior Met Coal from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. FBR & Co lifted their price objective on Warrior Met Coal from $20.00 to $21.00 and gave the company a “mkt perform” rating in a report on Friday, July 21st. Royal Bank of Canada boosted their target price on shares of Warrior Met Coal from $24.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. MKM Partners reiterated a “neutral” rating and issued a $21.00 target price (up from $18.00) on shares of Warrior Met Coal in a report on Thursday, August 24th. Finally, Macquarie began coverage on shares of Warrior Met Coal in a report on Thursday, September 7th. They issued an “underperform” rating and a $24.00 target price for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $25.92.
Warrior Met Coal (NYSE:HCC) traded up $1.23 during mid-day trading on Thursday, hitting $27.18. The company had a trading volume of 2,143,200 shares, compared to its average volume of 575,645. Warrior Met Coal has a 12-month low of $15.10 and a 12-month high of $28.00.
Several hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp grew its stake in shares of Warrior Met Coal by 5.4% during the third quarter. Bank of New York Mellon Corp now owns 63,890 shares of the company’s stock worth $1,506,000 after acquiring an additional 3,289 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Warrior Met Coal during the third quarter worth about $135,000. First Mercantile Trust Co. purchased a new stake in shares of Warrior Met Coal during the second quarter worth about $131,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Warrior Met Coal during the second quarter worth about $219,000. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of Warrior Met Coal during the second quarter worth about $223,000. Institutional investors and hedge funds own 98.22% of the company’s stock.
The firm also recently declared a special dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, November 13th will be paid a dividend of $11.21 per share. This is a positive change from Warrior Met Coal’s previous special dividend of $0.05. The ex-dividend date is Friday, November 24th. This represents a dividend yield of 0.75%.
About Warrior Met Coal
Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.
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