Warrior Met Coal Inc (NYSE:HCC) – B. Riley lifted their FY2018 earnings per share (EPS) estimates for Warrior Met Coal in a research note issued to investors on Tuesday, November 6th. B. Riley analyst L. Pipes now forecasts that the company will post earnings of $7.89 per share for the year, up from their previous estimate of $7.57. B. Riley has a “Neutral” rating and a $29.00 price objective on the stock. B. Riley also issued estimates for Warrior Met Coal’s Q1 2019 earnings at $1.32 EPS, Q2 2019 earnings at $1.31 EPS, Q3 2019 earnings at $1.31 EPS and Q4 2019 earnings at $1.31 EPS.
Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Wednesday, October 31st. The company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.19). The firm had revenue of $273.30 million for the quarter, compared to the consensus estimate of $278.46 million. Warrior Met Coal had a net margin of 33.38% and a return on equity of 94.17%. Warrior Met Coal’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.27 earnings per share.
Other equities analysts have also issued reports about the company. Morgan Stanley increased their price objective on Warrior Met Coal from $27.00 to $29.00 and gave the company a “hold” rating in a research report on Tuesday, October 2nd. Royal Bank of Canada set a $34.00 price objective on Warrior Met Coal and gave the company a “hold” rating in a research report on Thursday, August 2nd. ValuEngine lowered Warrior Met Coal from a “hold” rating to a “sell” rating in a research report on Monday, July 30th. Citigroup increased their price objective on Warrior Met Coal from $25.87 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, July 11th. Finally, Zacks Investment Research upgraded Warrior Met Coal from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $31.00.
Shares of Warrior Met Coal stock opened at $25.73 on Wednesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.23 and a current ratio of 2.73. The stock has a market cap of $1.44 billion, a PE ratio of 3.26 and a beta of 0.48. Warrior Met Coal has a 12 month low of $18.56 and a 12 month high of $33.72.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Friday, November 2nd will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $0.20 annualized dividend and a yield of 0.78%. Warrior Met Coal’s payout ratio is 2.53%.
In related news, insider Kelli K. Gant sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $27.29, for a total transaction of $272,900.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Walter J. Scheller sold 34,250 shares of the firm’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $27.32, for a total value of $935,710.00. The disclosure for this sale can be found here. 0.51% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hartree Partners LP purchased a new stake in Warrior Met Coal in the 2nd quarter worth approximately $3,226,000. Bank of New York Mellon Corp lifted its holdings in Warrior Met Coal by 16.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 466,406 shares of the company’s stock worth $12,859,000 after buying an additional 66,524 shares during the period. Toronto Dominion Bank purchased a new stake in Warrior Met Coal in the 2nd quarter worth approximately $820,000. Rhumbline Advisers lifted its holdings in Warrior Met Coal by 10.2% in the 2nd quarter. Rhumbline Advisers now owns 36,365 shares of the company’s stock worth $1,003,000 after buying an additional 3,363 shares during the period. Finally, Iridian Asset Management LLC CT lifted its holdings in Warrior Met Coal by 6.2% in the 2nd quarter. Iridian Asset Management LLC CT now owns 83,271 shares of the company’s stock worth $2,296,000 after buying an additional 4,874 shares during the period.
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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