Warrior Met Coal, Inc. (NYSE:HCC – Get Rating) – Investment analysts at B. Riley boosted their FY2022 earnings per share (EPS) estimates for Warrior Met Coal in a note issued to investors on Tuesday, January 17th. B. Riley analyst L. Pipes now expects that the company will post earnings of $13.35 per share for the year, up from their previous estimate of $12.78. The consensus estimate for Warrior Met Coal’s current full-year earnings is $12.73 per share. B. Riley also issued estimates for Warrior Met Coal’s Q4 2022 earnings at $2.88 EPS and FY2023 earnings at $8.11 EPS.
Separately, BMO Capital Markets upped their price target on Warrior Met Coal from $30.00 to $39.00 and gave the stock a “market perform” rating in a research report on Thursday, November 3rd. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Warrior Met Coal presently has a consensus rating of “Moderate Buy” and an average price target of $48.00.
Warrior Met Coal Stock Up 1.9 %
Warrior Met Coal (NYSE:HCC – Get Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $2.10 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.49. Warrior Met Coal had a return on equity of 64.38% and a net margin of 37.59%. The firm had revenue of $390.18 million during the quarter, compared to analysts’ expectations of $354.95 million.
Hedge Funds Weigh In On Warrior Met Coal
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC raised its position in Warrior Met Coal by 19.1% during the third quarter. Exchange Traded Concepts LLC now owns 15,066 shares of the company’s stock valued at $428,000 after purchasing an additional 2,411 shares during the period. Versor Investments LP increased its holdings in Warrior Met Coal by 58.8% during the 3rd quarter. Versor Investments LP now owns 45,681 shares of the company’s stock worth $1,299,000 after purchasing an additional 16,922 shares during the period. Pacer Advisors Inc. increased its holdings in Warrior Met Coal by 88.5% during the 3rd quarter. Pacer Advisors Inc. now owns 689,540 shares of the company’s stock worth $19,611,000 after purchasing an additional 323,721 shares during the period. Unison Advisors LLC boosted its position in Warrior Met Coal by 34.3% during the 3rd quarter. Unison Advisors LLC now owns 14,363 shares of the company’s stock valued at $409,000 after acquiring an additional 3,670 shares in the last quarter. Finally, Quantbot Technologies LP boosted its position in Warrior Met Coal by 11.2% during the 2nd quarter. Quantbot Technologies LP now owns 54,978 shares of the company’s stock valued at $1,682,000 after acquiring an additional 5,555 shares in the last quarter. 98.01% of the stock is owned by institutional investors.
Warrior Met Coal Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, November 11th. Investors of record on Friday, November 4th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Thursday, November 3rd. Warrior Met Coal’s payout ratio is presently 1.83%.
About Warrior Met Coal
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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