Peabody Energy Co. (NYSE:BTU) – Equities research analysts at Jefferies Group decreased their FY2018 earnings per share estimates for Peabody Energy in a note issued to investors on Wednesday. Jefferies Group analyst C. Lafemina now forecasts that the coal producer will earn $2.22 per share for the year, down from their previous estimate of $2.65. Jefferies Group has a “Buy” rating and a $43.00 price target on the stock. Jefferies Group also issued estimates for Peabody Energy’s FY2019 earnings at $1.56 EPS, FY2020 earnings at $1.13 EPS and FY2021 earnings at $0.96 EPS.
Peabody Energy (NYSE:BTU) last posted its earnings results on Wednesday, February 7th. The coal producer reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.19. Peabody Energy had a net margin of 14.41% and a return on equity of 32.83%. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the firm posted ($10.53) EPS. The firm’s revenue was up 5.3% on a year-over-year basis.
A number of other research firms have also recently weighed in on BTU. ValuEngine cut shares of Peabody Energy from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. B. Riley reiterated a “buy” rating and issued a $49.00 price target on shares of Peabody Energy in a report on Tuesday, January 23rd. Zacks Investment Research upgraded shares of Peabody Energy from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Wednesday, January 24th. Seaport Global Securities reiterated a “buy” rating and issued a $48.00 price target on shares of Peabody Energy in a report on Monday, January 22nd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $43.00 price target on shares of Peabody Energy in a report on Tuesday, January 16th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Peabody Energy currently has a consensus rating of “Buy” and an average price target of $41.00.
Shares of Peabody Energy (BTU) traded up $0.80 during trading on Monday, hitting $40.74. 631,024 shares of the stock traded hands, compared to its average volume of 1,102,302. The stock has a market cap of $4,048.33 and a PE ratio of 3.91. Peabody Energy has a 1-year low of $22.58 and a 1-year high of $41.17. The company has a quick ratio of 1.53, a current ratio of 1.76 and a debt-to-equity ratio of 0.46.
The firm also recently announced a Not Available dividend, which will be paid on Monday, March 5th. Stockholders of record on Monday, February 19th will be issued a $0.115 dividend. The ex-dividend date is Thursday, February 15th. This represents a dividend yield of 0.00296468161897396%.
A number of institutional investors have recently added to or reduced their stakes in the business. Orbis Allan Gray Ltd purchased a new stake in Peabody Energy in the 4th quarter valued at about $156,312,000. Renaissance Technologies LLC boosted its position in Peabody Energy by 200.0% in the 4th quarter. Renaissance Technologies LLC now owns 953,900 shares of the coal producer’s stock valued at $37,555,000 after buying an additional 635,900 shares during the period. Quinn Opportunity Partners LLC boosted its position in Peabody Energy by 27.3% in the 4th quarter. Quinn Opportunity Partners LLC now owns 25,625 shares of the coal producer’s stock valued at $1,009,000 after buying an additional 5,489 shares during the period. Kennedy Capital Management Inc. boosted its position in Peabody Energy by 67.6% in the 4th quarter. Kennedy Capital Management Inc. now owns 246,422 shares of the coal producer’s stock valued at $9,702,000 after buying an additional 99,403 shares during the period. Finally, Geode Capital Management LLC boosted its position in Peabody Energy by 5.2% in the 4th quarter. Geode Capital Management LLC now owns 804,804 shares of the coal producer’s stock valued at $31,685,000 after buying an additional 40,058 shares during the period. 94.33% of the stock is owned by institutional investors.
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About Peabody Energy
Peabody Energy Corporation is a coal company. The Company’s segments include Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, Trading and Brokerage, and Corporate and Other. Its Powder River Basin Mining operations consist of its mines in Wyoming.
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