Q3 2024 Earnings Estimate for Warrior Met Coal, Inc. (NYSE:HCC) Issued By B. Riley

Warrior Met Coal, Inc. (NYSE:HCC) – B. Riley dropped their Q3 2024 earnings estimates for Warrior Met Coal in a report released on Monday, April 15th. B. Riley analyst L. Pipes now expects that the company will earn $1.75 per share for the quarter, down from their previous estimate of $2.02. B. Riley currently has a “Buy” rating and a $87.00 target price on the stock. The consensus estimate for Warrior Met Coal’s current full-year earnings is $8.41 per share. B. Riley also issued estimates for Warrior Met Coal’s Q4 2024 earnings at $1.71 EPS.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Wednesday, February 14th. The company reported $2.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.67). Warrior Met Coal had a return on equity of 28.99% and a net margin of 28.55%. The company had revenue of $363.80 million during the quarter, compared to the consensus estimate of $393.04 million. During the same period in the previous year, the company earned $1.90 earnings per share. Warrior Met Coal’s quarterly revenue was up 5.5% on a year-over-year basis.

A number of other research firms also recently issued reports on HCC. UBS Group started coverage on shares of Warrior Met Coal in a research note on Tuesday, January 16th. They issued a “neutral” rating and a $68.00 price target for the company. Citigroup upgraded shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $60.00 to $75.00 in a report on Thursday, April 11th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $67.60.

Warrior Met Coal Price Performance

HCC stock opened at $65.04 on Wednesday. Warrior Met Coal has a 1 year low of $31.97 and a 1 year high of $69.97. The company has a market cap of $3.40 billion, a P/E ratio of 7.07 and a beta of 1.09. The firm has a 50-day moving average of $58.74 and a 200 day moving average of $57.15. The company has a debt-to-equity ratio of 0.10, a current ratio of 7.24 and a quick ratio of 5.99.

Warrior Met Coal Announces Dividend

The firm also recently disclosed a None dividend, which was paid on Thursday, March 7th. Shareholders of record on Friday, March 1st were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, February 29th. Warrior Met Coal’s dividend payout ratio (DPR) is presently 3.48%.

Insiders Place Their Bets

In other news, Director Alan H. Schumacher purchased 2,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were purchased at an average price of $58.15 per share, for a total transaction of $116,300.00. Following the completion of the acquisition, the director now directly owns 30,270 shares in the company, valued at approximately $1,760,200.50. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Warrior Met Coal

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SummerHaven Investment Management LLC raised its position in Warrior Met Coal by 1.0% in the fourth quarter. SummerHaven Investment Management LLC now owns 18,938 shares of the company’s stock worth $1,155,000 after acquiring an additional 192 shares during the period. Exchange Traded Concepts LLC raised its position in shares of Warrior Met Coal by 1.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 19,636 shares of the company’s stock valued at $1,197,000 after purchasing an additional 279 shares during the period. Ameritas Investment Partners Inc. raised its position in shares of Warrior Met Coal by 8.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,275 shares of the company’s stock valued at $167,000 after purchasing an additional 329 shares during the period. USA Financial Formulas bought a new stake in shares of Warrior Met Coal during the 4th quarter valued at $25,000. Finally, Sei Investments Co. grew its stake in Warrior Met Coal by 1.6% during the third quarter. Sei Investments Co. now owns 26,936 shares of the company’s stock valued at $1,376,000 after acquiring an additional 421 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Company Profile

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.