Peabody Energy Co. (NYSE:BTU) Forecasted to Post FY2022 Earnings of $4.07 Per Share

Peabody Energy Co. (NYSE:BTU) – Jefferies Financial Group increased their FY2022 earnings per share estimates for shares of Peabody Energy in a note issued to investors on Wednesday, September 22nd. Jefferies Financial Group analyst C. Lafemina now anticipates that the coal producer will earn $4.07 per share for the year, up from their prior estimate of $3.13. Jefferies Financial Group also issued estimates for Peabody Energy’s FY2024 earnings at $1.17 EPS and FY2025 earnings at $0.65 EPS.

Several other equities research analysts have also weighed in on BTU. B. Riley increased their target price on shares of Peabody Energy from $11.00 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 2nd. Zacks Investment Research upgraded shares of Peabody Energy from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Monday, September 6th.

NYSE BTU opened at $12.97 on Friday. Peabody Energy has a twelve month low of $0.80 and a twelve month high of $19.83. The company has a quick ratio of 1.29, a current ratio of 1.58 and a debt-to-equity ratio of 1.39. The company’s 50-day simple moving average is $13.86 and its 200 day simple moving average is $8.67. The stock has a market cap of $1.48 billion, a P/E ratio of -4.18 and a beta of 1.56.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings results on Thursday, July 29th. The coal producer reported ($0.35) EPS for the quarter, beating the consensus estimate of ($0.76) by $0.41. The business had revenue of $723.40 million for the quarter, compared to analysts’ expectations of $691.00 million. Peabody Energy had a negative net margin of 10.96% and a negative return on equity of 23.85%.

In other Peabody Energy news, insider Kemal Williamson sold 77,821 shares of the business’s stock in a transaction dated Friday, September 17th. The stock was sold at an average price of $14.88, for a total value of $1,157,976.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Elliott Investment Management sold 174,998 shares of the business’s stock in a transaction dated Friday, September 17th. The shares were sold at an average price of $15.11, for a total value of $2,644,219.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,441,620 shares of company stock valued at $24,178,245. 0.78% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the business. PDT Partners LLC purchased a new stake in shares of Peabody Energy in the 1st quarter valued at $31,000. XTX Topco Ltd purchased a new position in shares of Peabody Energy during the 1st quarter worth approximately $51,000. AQR Capital Management LLC purchased a new position in shares of Peabody Energy during the 1st quarter worth approximately $54,000. Steel Peak Wealth Management LLC acquired a new stake in shares of Peabody Energy in the 1st quarter worth approximately $70,000. Finally, UBS Group AG grew its holdings in shares of Peabody Energy by 36.2% in the 1st quarter. UBS Group AG now owns 24,046 shares of the coal producer’s stock worth $73,000 after acquiring an additional 6,397 shares during the period. 71.50% of the stock is currently owned by institutional investors.

Peabody Energy Company Profile

Peabody Energy Corp. engages in the business of coal mining. It operates through the following segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Seaborne Metallurgical Mining, Seaborne Thermal Mining and Corporate and Other. The Powder River Basin Mining segment consists of its mines in Wyoming.

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

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