Warrior Met Coal (NYSE:HCC) released its quarterly earnings data on Wednesday. The company reported $1.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.25 by ($0.19), Briefing.com reports. The business had revenue of $273.30 million during the quarter, compared to analyst estimates of $278.46 million. Warrior Met Coal had a return on equity of 82.44% and a net margin of 37.56%. The firm’s revenue was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.27 EPS.
NYSE HCC traded down $1.48 during mid-day trading on Thursday, reaching $26.52. 3,037,600 shares of the stock were exchanged, compared to its average volume of 1,026,182. Warrior Met Coal has a 1 year low of $18.56 and a 1 year high of $33.72. The company has a market capitalization of $1.45 billion, a PE ratio of 3.36 and a beta of 0.50. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.02 and a current ratio of 2.53.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Friday, November 2nd will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Thursday, November 1st. Warrior Met Coal’s dividend payout ratio (DPR) is presently 2.53%.
HCC has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Warrior Met Coal from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Wednesday, July 25th. Morgan Stanley increased their price objective on shares of Warrior Met Coal from $27.00 to $29.00 and gave the stock a “hold” rating in a research note on Tuesday, October 2nd. ValuEngine upgraded shares of Warrior Met Coal from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 26th. B. Riley increased their price objective on shares of Warrior Met Coal from $25.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 19th. Finally, Royal Bank of Canada set a $34.00 price objective on shares of Warrior Met Coal and gave the stock a “hold” rating in a research note on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $31.00.
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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