Warrior Met Coal, Inc. (NYSE:HCC – Get Rating) – Jefferies Financial Group upped their FY2022 earnings per share (EPS) estimates for shares of Warrior Met Coal in a report issued on Monday, May 9th. Jefferies Financial Group analyst C. Lafemina now forecasts that the company will post earnings of $10.91 per share for the year, up from their prior estimate of $10.30. Jefferies Financial Group currently has a “Hold” rating and a $36.00 price objective on the stock. Jefferies Financial Group also issued estimates for Warrior Met Coal’s FY2025 earnings at $1.75 EPS.
A number of other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. TheStreet upgraded shares of Warrior Met Coal from a “c+” rating to a “b” rating in a research note on Friday, March 4th. Finally, B. Riley decreased their price target on shares of Warrior Met Coal from $50.00 to $45.00 in a research note on Tuesday. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Warrior Met Coal presently has a consensus rating of “Hold” and a consensus target price of $35.80.
Warrior Met Coal (NYSE:HCC – Get Rating) last posted its earnings results on Thursday, May 5th. The company reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.55. The firm had revenue of $378.65 million for the quarter, compared to the consensus estimate of $412.66 million. Warrior Met Coal had a net margin of 26.02% and a return on equity of 49.40%. The company’s revenue was up 77.1% on a year-over-year basis. During the same period last year, the firm posted $0.08 EPS.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of Warrior Met Coal by 1.0% in the 4th quarter. BlackRock Inc. now owns 7,290,394 shares of the company’s stock worth $187,435,000 after acquiring an additional 73,815 shares during the period. L1 Capital Pty Ltd lifted its stake in shares of Warrior Met Coal by 14.3% in the 4th quarter. L1 Capital Pty Ltd now owns 1,952,128 shares of the company’s stock worth $50,189,000 after acquiring an additional 243,917 shares during the period. State Street Corp lifted its stake in shares of Warrior Met Coal by 1.7% in the 4th quarter. State Street Corp now owns 1,794,153 shares of the company’s stock worth $46,128,000 after acquiring an additional 30,019 shares during the period. Contrarius Investment Management Ltd lifted its stake in shares of Warrior Met Coal by 27.1% in the 3rd quarter. Contrarius Investment Management Ltd now owns 1,693,389 shares of the company’s stock worth $39,405,000 after acquiring an additional 361,288 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Warrior Met Coal by 8.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,660,430 shares of the company’s stock worth $42,688,000 after acquiring an additional 130,196 shares during the period. Institutional investors own 90.16% of the company’s stock.
The firm also recently declared a None dividend, which will be paid on Friday, May 20th. Investors of record on Friday, May 13th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, May 12th. Warrior Met Coal’s dividend payout ratio is currently 3.90%.
Warrior Met Coal Company Profile (Get Rating)
Warrior Met Coal, Inc produces and exports non-thermal 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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