Q4 2024 EPS Estimates for Peabody Energy Co. (NYSE:BTU) Reduced by B. Riley

Peabody Energy Co. (NYSE:BTU) – Stock analysts at B. Riley decreased their Q4 2024 earnings estimates for Peabody Energy in a report released on Monday, April 15th. B. Riley analyst L. Pipes now forecasts that the coal producer will earn $0.86 per share for the quarter, down from their prior estimate of $1.01. B. Riley has a “Buy” rating and a $32.00 price objective on the stock. The consensus estimate for Peabody Energy’s current full-year earnings is $3.66 per share. B. Riley also issued estimates for Peabody Energy’s FY2025 earnings at $2.58 EPS.

Separately, Benchmark reiterated a “buy” rating and set a $28.00 price target on shares of Peabody Energy in a research report on Friday, April 12th.

Peabody Energy Price Performance

NYSE:BTU opened at $24.04 on Wednesday. The firm has a market cap of $3.06 billion, a P/E ratio of 4.83 and a beta of 0.98. The stock has a 50 day moving average of $24.55 and a two-hundred day moving average of $24.53. Peabody Energy has a 12 month low of $17.71 and a 12 month high of $27.24. The company has a current ratio of 2.06, a quick ratio of 1.70 and a debt-to-equity ratio of 0.09.

Peabody Energy (NYSE:BTU) last released its quarterly earnings results on Thursday, February 8th. The coal producer reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.08). The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Peabody Energy had a return on equity of 21.45% and a net margin of 15.36%. The firm’s revenue for the quarter was down 24.1% on a year-over-year basis. During the same quarter last year, the company earned $2.65 EPS.

Peabody Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Thursday, February 22nd were issued a $0.075 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $0.30 annualized dividend and a dividend yield of 1.25%. Peabody Energy’s dividend payout ratio is presently 6.02%.

Insider Buying and Selling

In other Peabody Energy news, CFO Mark Spurbeck sold 6,826 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $24.57, for a total value of $167,714.82. Following the completion of the sale, the chief financial officer now directly owns 75,464 shares in the company, valued at approximately $1,854,150.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Peabody Energy news, CFO Mark Spurbeck sold 6,826 shares of Peabody Energy stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $24.57, for a total transaction of $167,714.82. Following the transaction, the chief financial officer now directly owns 75,464 shares of the company’s stock, valued at $1,854,150.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nicholas J. Chirekos sold 14,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $25.50, for a total transaction of $357,000.00. Following the completion of the sale, the director now directly owns 24,279 shares of the company’s stock, valued at approximately $619,114.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,806 shares of company stock worth $1,339,565. 0.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Peabody Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. purchased a new position in Peabody Energy during the 1st quarter valued at about $202,000. Raymond James & Associates purchased a new stake in Peabody Energy during the 1st quarter worth approximately $289,000. Raymond James Financial Services Advisors Inc. lifted its holdings in Peabody Energy by 93.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 29,535 shares of the coal producer’s stock worth $724,000 after buying an additional 14,285 shares in the last quarter. American Century Companies Inc. purchased a new position in Peabody Energy in the 1st quarter valued at approximately $1,206,000. Finally, MetLife Investment Management LLC grew its stake in shares of Peabody Energy by 54.4% in the first quarter. MetLife Investment Management LLC now owns 47,644 shares of the coal producer’s stock worth $1,169,000 after acquiring an additional 16,787 shares in the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

About Peabody Energy

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Brazil, Belgium, Chile, France, Indonesia, China, Vietnam, South Korea, Germany, and internationally. The company operates through Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S.