Warrior Met Coal (HCC) to Release Earnings on Wednesday

Warrior Met Coal (NYSE:HCC) is set to post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Warrior Met Coal to post earnings of $2.39 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $2.49 EPS for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.67). Warrior Met Coal had a net margin of 28.55% and a return on equity of 28.99%. The business had revenue of $363.80 million for the quarter, compared to analysts’ expectations of $393.04 million. During the same period in the previous year, the business posted $1.90 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. On average, analysts expect Warrior Met Coal to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Warrior Met Coal Price Performance

Shares of NYSE HCC opened at $65.58 on Wednesday. The stock has a fifty day simple moving average of $59.26 and a two-hundred day simple moving average of $57.68. Warrior Met Coal has a 1-year low of $31.97 and a 1-year high of $69.97. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 7.13 and a beta of 1.09. The company has a current ratio of 7.24, a quick ratio of 5.99 and a debt-to-equity ratio of 0.10.

Warrior Met Coal Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Citigroup raised Warrior Met Coal from a “neutral” rating to a “buy” rating and increased their price objective for the company from $60.00 to $75.00 in a report on Thursday, April 11th. UBS Group assumed coverage on Warrior Met Coal in a report on Tuesday, January 16th. They set a “neutral” rating and a $68.00 price objective for the company. Finally, B. Riley reduced their price objective on Warrior Met Coal from $89.00 to $87.00 and set a “buy” rating for the company in a report on Monday, April 15th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Warrior Met Coal presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.60.

Insider Transactions at Warrior Met Coal

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

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.