Wall Street analysts expect that Warrior Met Coal Inc (NYSE:HCC) will post earnings of $1.76 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Warrior Met Coal’s earnings, with the highest EPS estimate coming in at $1.84 and the lowest estimate coming in at $1.69. Warrior Met Coal posted earnings per share of $2.52 in the same quarter last year, which would indicate a negative year-over-year growth rate of 30.2%. The business is scheduled to issue its next quarterly earnings report on Thursday, August 2nd.
According to Zacks, analysts expect that Warrior Met Coal will report full-year earnings of $7.24 per share for the current financial year, with EPS estimates ranging from $6.64 to $7.84. For the next financial year, analysts forecast that the company will post earnings of $3.29 per share, with EPS estimates ranging from $1.04 to $4.75. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Warrior Met Coal.
Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Wednesday, May 2nd. The company reported $3.42 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.34. Warrior Met Coal had a net margin of 39.30% and a return on equity of 73.24%. The firm had revenue of $421.80 million for the quarter, compared to analyst estimates of $396.35 million. During the same period last year, the firm earned $2.06 earnings per share. The business’s quarterly revenue was up 66.1% compared to the same quarter last year.
A number of research firms have weighed in on HCC. MKM Partners raised their price objective on shares of Warrior Met Coal to $29.00 in a research note on Wednesday, May 16th. Credit Suisse Group raised their price target on shares of Warrior Met Coal from $30.57 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, May 3rd. B. Riley dropped their price target on shares of Warrior Met Coal from $31.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday, April 26th. ValuEngine lowered shares of Warrior Met Coal from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, Zacks Investment Research lowered shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.56.
In related news, major shareholder Apollo Management Holdings Gp, sold 3,192,328 shares of the firm’s stock in a transaction dated Thursday, May 10th. The shares were sold at an average price of $24.20, for a total transaction of $77,254,337.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Franklin Mutual Advisers Llc sold 1,461,423 shares of the firm’s stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of $24.20, for a total transaction of $35,366,436.60. The disclosure for this sale can be found here. 0.51% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of HCC. Point72 Asia Hong Kong Ltd purchased a new stake in Warrior Met Coal during the first quarter worth about $114,000. Delek Group Ltd. purchased a new stake in Warrior Met Coal during the fourth quarter worth about $126,000. Asset Management One Co. Ltd. purchased a new stake in Warrior Met Coal during the first quarter worth about $157,000. UBS Asset Management Americas Inc. purchased a new stake in Warrior Met Coal during the fourth quarter worth about $206,000. Finally, SG Americas Securities LLC purchased a new stake in Warrior Met Coal during the first quarter worth about $270,000.
Warrior Met Coal stock opened at $26.25 on Thursday. Warrior Met Coal has a 1-year low of $16.18 and a 1-year high of $33.72. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 3.33 and a beta of 1.51. The company has a debt-to-equity ratio of 0.80, a quick ratio of 4.36 and a current ratio of 4.79.
Warrior Met Coal declared that its board has authorized a share repurchase plan on Wednesday, May 2nd that permits the company to buyback $40.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 3.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
About Warrior Met Coal
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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