Warrior Met Coal, Inc. (NYSE:HCC) to Post Q4 2023 Earnings of $2.28 Per Share, B. Riley Forecasts

Warrior Met Coal, Inc. (NYSE:HCC) – Research analysts at B. Riley dropped their Q4 2023 earnings estimates for Warrior Met Coal in a research report issued on Thursday, November 2nd. B. Riley analyst L. Pipes now expects that the company will post earnings per share of $2.28 for the quarter, down from their previous estimate of $2.31. B. Riley currently has a “Buy” rating and a $67.00 target price on the stock. The consensus estimate for Warrior Met Coal’s current full-year earnings is $9.40 per share. B. Riley also issued estimates for Warrior Met Coal’s Q1 2024 earnings at $2.19 EPS, Q2 2024 earnings at $2.10 EPS, Q3 2024 earnings at $1.89 EPS, Q4 2024 earnings at $1.81 EPS, FY2024 earnings at $7.99 EPS, Q1 2025 earnings at $1.75 EPS, Q2 2025 earnings at $1.75 EPS, Q3 2025 earnings at $1.75 EPS and FY2025 earnings at $7.01 EPS.

Several other brokerages have also recently commented on HCC. Jefferies Financial Group raised their target price on Warrior Met Coal from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, October 4th. BMO Capital Markets lifted their price objective on Warrior Met Coal from $43.00 to $48.00 and gave the company a “market perform” rating in a report on Friday.

Warrior Met Coal Stock Up 1.5 %

Shares of HCC stock opened at $49.37 on Monday. The stock has a market cap of $2.57 billion, a P/E ratio of 5.70 and a beta of 1.07. Warrior Met Coal has a one year low of $31.04 and a one year high of $52.99. The stock has a fifty day moving average price of $46.66 and a 200 day moving average price of $40.95. The company has a debt-to-equity ratio of 0.18, a current ratio of 9.79 and a quick ratio of 8.68.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, November 1st. The company reported $1.85 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.03). The firm had revenue of $423.49 million during the quarter, compared to the consensus estimate of $364.25 million. Warrior Met Coal had a return on equity of 29.81% and a net margin of 27.11%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the business earned $2.10 earnings per share.

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, November 3rd will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.57%. Warrior Met Coal’s payout ratio is presently 3.23%.

Insider Buying and Selling at Warrior Met Coal

In other news, CAO Brian M. Chopin sold 2,816 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $45.00, for a total value of $126,720.00. Following the completion of the sale, the chief accounting officer now directly owns 11,187 shares in the company, valued at $503,415. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Warrior Met Coal

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Warrior Met Coal by 0.9% in the third quarter. Vanguard Group Inc. now owns 7,023,009 shares of the company’s stock valued at $199,734,000 after buying an additional 63,814 shares in the last quarter. FMR LLC increased its stake in shares of Warrior Met Coal by 0.9% in the first quarter. FMR LLC now owns 2,264,460 shares of the company’s stock valued at $83,128,000 after buying an additional 19,313 shares in the last quarter. Renaissance Technologies LLC increased its position in Warrior Met Coal by 74.7% in the first quarter. Renaissance Technologies LLC now owns 2,125,379 shares of the company’s stock worth $78,873,000 after purchasing an additional 909,000 shares during the period. State Street Corp increased its position in Warrior Met Coal by 0.4% in the third quarter. State Street Corp now owns 1,901,231 shares of the company’s stock worth $54,071,000 after purchasing an additional 6,976 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Warrior Met Coal by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,806,819 shares of the company’s stock worth $70,376,000 after purchasing an additional 4,901 shares during the period. 93.89% of the stock is currently owned by institutional investors and hedge funds.

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.