Warrior Met Coal, Inc. (NYSE:HCC – Get Rating) – Investment analysts at Jefferies Financial Group cut their FY2023 earnings per share estimates for Warrior Met Coal in a research note issued on Monday, May 9th. Jefferies Financial Group analyst C. Lafemina now expects that the company will earn $3.40 per share for the year, down from their prior estimate of $3.59. Jefferies Financial Group has a “Hold” rating and a $36.00 price objective on the stock. Jefferies Financial Group also issued estimates for Warrior Met Coal’s FY2024 earnings at $3.51 EPS.
Warrior Met Coal (NYSE:HCC – Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.55. The business had revenue of $378.65 million for the quarter, compared to analyst estimates of $412.66 million. Warrior Met Coal had a return on equity of 49.40% and a net margin of 26.02%. The firm’s revenue for the quarter was up 77.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 EPS.
Shares of NYSE:HCC opened at $32.69 on Thursday. The business has a 50 day moving average price of $36.74 and a 200 day moving average price of $29.65. Warrior Met Coal has a twelve month low of $15.57 and a twelve month high of $42.95. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 5.31 and a beta of 1.02. The company has a quick ratio of 4.65, a current ratio of 5.14 and a debt-to-equity ratio of 0.46.
A number of hedge funds have recently added to or reduced their stakes in HCC. Deutsche Bank AG increased its holdings in Warrior Met Coal by 193.9% during the 4th quarter. Deutsche Bank AG now owns 920,076 shares of the company’s stock valued at $23,655,000 after purchasing an additional 607,033 shares in the last quarter. Waratah Capital Advisors Ltd. increased its holdings in Warrior Met Coal by 50.5% during the 4th quarter. Waratah Capital Advisors Ltd. now owns 1,304,071 shares of the company’s stock valued at $33,528,000 after purchasing an additional 437,819 shares in the last quarter. Two Sigma Advisers LP increased its holdings in Warrior Met Coal by 860.3% during the 3rd quarter. Two Sigma Advisers LP now owns 445,600 shares of the company’s stock valued at $10,369,000 after purchasing an additional 399,200 shares in the last quarter. Contrarius Investment Management Ltd increased its holdings in Warrior Met Coal by 27.1% during the 3rd quarter. Contrarius Investment Management Ltd now owns 1,693,389 shares of the company’s stock valued at $39,405,000 after purchasing an additional 361,288 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Warrior Met Coal by 38.2% during the 4th quarter. Renaissance Technologies LLC now owns 1,216,379 shares of the company’s stock valued at $31,273,000 after purchasing an additional 336,400 shares in the last quarter. 90.16% of the stock is owned by hedge funds and other institutional investors.
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 issued a dividend of $0.50 per share. The ex-dividend date is Thursday, May 12th. Warrior Met Coal’s dividend payout ratio is 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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