Warrior Met Coal, Inc. (NYSE:HCC – Get Rating) – Investment analysts at B. Riley decreased their Q2 2022 earnings per share (EPS) estimates for shares of Warrior Met Coal in a research report issued on Tuesday, May 10th. B. Riley analyst L. Pipes now anticipates that the company will post earnings of $2.21 per share for the quarter, down from their prior forecast of $2.98. B. Riley also issued estimates for Warrior Met Coal’s Q3 2022 earnings at $2.16 EPS, Q4 2022 earnings at $2.19 EPS, FY2023 earnings at $5.77 EPS and FY2024 earnings at $4.54 EPS.
Warrior Met Coal (NYSE:HCC – Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The company reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.55. The business had revenue of $378.65 million during the quarter, compared to analyst estimates of $412.66 million. Warrior Met Coal had a net margin of 26.02% and a return on equity of 49.40%. The firm’s revenue was up 77.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.08 earnings per share.
HCC opened at $32.69 on Thursday. The company has a market capitalization of $1.69 billion, a PE ratio of 5.31 and a beta of 1.02. The company has a debt-to-equity ratio of 0.46, a current ratio of 5.14 and a quick ratio of 4.65. Warrior Met Coal has a fifty-two week low of $15.57 and a fifty-two week high of $42.95. The business has a 50-day moving average of $36.74 and a 200-day moving average of $29.65.
A number of institutional investors have recently modified their holdings of HCC. Morgan Stanley increased its holdings in shares of Warrior Met Coal by 44.4% during the second quarter. Morgan Stanley now owns 512,403 shares of the company’s stock worth $8,812,000 after buying an additional 157,440 shares in the last quarter. Deutsche Bank AG increased its holdings in Warrior Met Coal by 398.7% during the 3rd quarter. Deutsche Bank AG now owns 313,043 shares of the company’s stock valued at $7,284,000 after purchasing an additional 250,276 shares in the last quarter. Barclays PLC boosted its stake in Warrior Met Coal by 60.5% in the third quarter. Barclays PLC now owns 76,411 shares of the company’s stock worth $1,779,000 after purchasing an additional 28,810 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Warrior Met Coal by 21.0% in the third quarter. Alliancebernstein L.P. now owns 68,826 shares of the company’s stock worth $1,602,000 after purchasing an additional 11,950 shares in the last quarter. Finally, Allianz Asset Management GmbH bought a new stake in shares of Warrior Met Coal during the third quarter worth $2,581,000. 90.16% of the stock is currently owned by hedge funds and other institutional investors.
The business also recently announced a None dividend, which will be paid on Friday, May 20th. Investors of record on Friday, May 13th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, May 12th. Warrior Met Coal’s dividend payout ratio (DPR) is presently 3.90%.
About Warrior Met Coal (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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