Jefferies Group Weighs in on Peabody Energy Co.’s FY2018 Earnings (BTU)

Peabody Energy Co. (NYSE:BTU) – Stock analysts at Jefferies Group lifted their FY2018 earnings estimates for shares of Peabody Energy in a research note issued to investors on Thursday. Jefferies Group analyst C. Lafemina now anticipates that the coal producer will post earnings of $3.03 per share for the year, up from their previous estimate of $2.22. Jefferies Group has a “Buy” rating and a $43.00 price objective on the stock. Jefferies Group also issued estimates for Peabody Energy’s FY2019 earnings at $1.91 EPS, FY2020 earnings at $1.40 EPS, FY2021 earnings at $0.88 EPS and FY2022 earnings at $0.83 EPS.

Peabody Energy (NYSE:BTU) last released its quarterly earnings results on Wednesday, February 7th. The coal producer reported $1.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.19. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Peabody Energy had a return on equity of 32.83% and a net margin of 14.41%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the firm posted ($10.53) EPS.

BTU has been the subject of several other reports. ValuEngine cut Peabody Energy from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Zacks Investment Research raised Peabody Energy from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Wednesday, October 25th. Seaport Global Securities reissued a “buy” rating and set a $48.00 price target on shares of Peabody Energy in a report on Monday, January 22nd. B. Riley reissued a “buy” rating and set a $49.00 price target on shares of Peabody Energy in a report on Tuesday, January 23rd. Finally, Stifel Nicolaus reissued a “hold” rating and set a $43.00 price target on shares of Peabody Energy in a report on Tuesday, January 16th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $41.00.

Peabody Energy (BTU) traded up $0.31 during trading hours on Monday, reaching $40.19. The company had a trading volume of 677,652 shares, compared to its average volume of 1,141,242. The firm has a market cap of $4,237.48 and a PE ratio of 4.21. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.53 and a current ratio of 1.76. Peabody Energy has a 1-year low of $22.58 and a 1-year high of $41.98.

The business also recently disclosed a Not Available dividend, which will be paid on Monday, March 5th. Shareholders of record on Monday, February 19th will be paid a dividend of $0.115 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a yield of 0.00296468161897396%. Peabody Energy’s dividend payout ratio (DPR) is presently 4.51%.

Institutional investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. bought a new position in Peabody Energy during the 2nd quarter worth $105,000. SG Americas Securities LLC bought a new position in Peabody Energy during the 4th quarter worth $110,000. New York State Teachers Retirement System bought a new position in Peabody Energy during the 3rd quarter worth $125,000. Meeder Asset Management Inc. increased its stake in Peabody Energy by 147.2% during the 4th quarter. Meeder Asset Management Inc. now owns 3,624 shares of the coal producer’s stock worth $142,000 after acquiring an additional 2,158 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Peabody Energy during the 4th quarter worth $179,000. Hedge funds and other institutional investors own 97.75% of the company’s stock.

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Peabody Energy Company Profile

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.

Earnings History and Estimates for Peabody Energy (NYSE:BTU)

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