Q1 2024 EPS Estimates for Peabody Energy Co. Cut by Analyst (NYSE:BTU)

Peabody Energy Co. (NYSE:BTU) – Investment analysts at B. Riley cut their Q1 2024 earnings per share (EPS) estimates for Peabody Energy in a report issued on Monday, April 15th. B. Riley analyst L. Pipes now forecasts that the coal producer will post earnings per share of $0.30 for the quarter, down from their prior forecast of $0.66. B. Riley has a “Buy” rating and a $32.00 price target 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 Q2 2024 earnings at $0.71 EPS, Q3 2024 earnings at $0.83 EPS, FY2024 earnings at $2.70 EPS and FY2026 earnings at $4.11 EPS.

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

Peabody Energy Trading Up 0.2 %

BTU stock opened at $24.09 on Thursday. Peabody Energy has a 1-year low of $17.71 and a 1-year high of $27.24. The firm has a market cap of $3.07 billion, a P/E ratio of 4.84 and a beta of 0.98. The business’s 50 day moving average is $24.51 and its 200-day moving average is $24.52. 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 data 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). Peabody Energy had a net margin of 15.36% and a return on equity of 21.45%. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the company posted $2.65 earnings per share. The company’s revenue for the quarter was down 24.1% on a year-over-year basis.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BTU. Harbour Investments Inc. lifted its stake in shares of Peabody Energy by 323.1% in the 4th quarter. Harbour Investments Inc. now owns 1,100 shares of the coal producer’s stock valued at $29,000 after purchasing an additional 840 shares during the period. Financial Management Professionals Inc. acquired a new position in shares of Peabody Energy in the 3rd quarter valued at $30,000. Main Street Group LTD acquired a new position in shares of Peabody Energy in the 4th quarter valued at $29,000. EverSource Wealth Advisors LLC lifted its stake in shares of Peabody Energy by 84.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,240 shares of the coal producer’s stock valued at $32,000 after purchasing an additional 568 shares during the period. Finally, Quarry LP lifted its stake in shares of Peabody Energy by 1,079.8% in the 1st quarter. Quarry LP now owns 1,345 shares of the coal producer’s stock valued at $34,000 after purchasing an additional 1,231 shares during the period. Institutional investors and hedge funds own 87.44% of the company’s stock.

Insider Buying and Selling

In related news, Director Nicholas J. Chirekos sold 14,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $25.50, for a total transaction of $357,000.00. Following the sale, the director now directly owns 24,279 shares in the company, valued at approximately $619,114.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Peabody Energy news, Director Nicholas J. Chirekos sold 14,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $25.50, for a total transaction of $357,000.00. Following the transaction, the director now owns 24,279 shares of the company’s stock, valued at approximately $619,114.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Darren Ronald Yeates sold 31,980 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $25.48, for a total value of $814,850.40. Following the transaction, the chief operating officer now directly owns 78,307 shares in the company, valued at approximately $1,995,262.36. The disclosure for this sale can be found here. Insiders have sold a total of 52,806 shares of company stock worth $1,339,565 in the last three months. Insiders own 0.09% of the company’s stock.

Peabody Energy Announces Dividend

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

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.