Warrior Met Coal, Inc. Expected to Earn Q2 2024 Earnings of $0.66 Per Share (NYSE:HCC)

Warrior Met Coal, Inc. (NYSE:HCC) – Equities researchers at B. Riley increased their Q2 2024 EPS estimates for Warrior Met Coal in a report issued on Thursday, May 2nd. B. Riley analyst L. Pipes now forecasts that the company will earn $0.66 per share for the quarter, up from their prior estimate of $0.62. B. Riley has a “Buy” rating and a $91.00 price objective on the stock. The consensus estimate for Warrior Met Coal’s current full-year earnings is $6.98 per share. B. Riley also issued estimates for Warrior Met Coal’s Q3 2024 earnings at $1.45 EPS and FY2024 earnings at $6.34 EPS.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.02 by $0.61. Warrior Met Coal had a net margin of 25.94% and a return on equity of 24.71%. The business had revenue of $503.50 million during the quarter, compared to the consensus estimate of $474.99 million. During the same quarter in the prior year, the firm earned $3.57 EPS. The firm’s quarterly revenue was down 1.2% on a year-over-year basis.

A number of other brokerages have also commented on HCC. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research report on Thursday. BMO Capital Markets boosted their price target on shares of Warrior Met Coal from $62.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday. UBS Group assumed 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 on the stock. Finally, Citigroup raised Warrior Met Coal from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $60.00 to $75.00 in a research report on Thursday, April 11th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Warrior Met Coal has a consensus rating of “Moderate Buy” and an average price target of $72.80.

Warrior Met Coal Stock Performance

Shares of Warrior Met Coal stock opened at $66.23 on Monday. Warrior Met Coal has a 12 month low of $31.97 and a 12 month high of $71.91. The company has a quick ratio of 5.99, a current ratio of 6.86 and a debt-to-equity ratio of 0.10. The stock has a market cap of $3.46 billion, a PE ratio of 7.97 and a beta of 1.05. The business has a fifty day simple moving average of $60.90 and a 200-day simple moving average of $58.65.

Warrior Met Coal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, May 6th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Friday, May 3rd. Warrior Met Coal’s dividend payout ratio is presently 3.85%.

Insiders Place Their Bets

In related news, Director Alan H. Schumacher purchased 2,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was bought at an average price of $58.15 per share, for a total transaction of $116,300.00. Following the purchase, the director now owns 30,270 shares in the company, valued at approximately $1,760,200.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Warrior Met Coal

A number of institutional investors have recently modified their holdings of HCC. SummerHaven Investment Management LLC increased its holdings in shares of Warrior Met Coal by 1.0% during the 4th quarter. SummerHaven Investment Management LLC now owns 18,938 shares of the company’s stock worth $1,155,000 after purchasing an additional 192 shares during the period. Exchange Traded Concepts LLC grew its position in Warrior Met Coal by 1.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 19,636 shares of the company’s stock worth $1,197,000 after buying an additional 279 shares in the last quarter. USA Financial Formulas bought a new position in Warrior Met Coal during the fourth quarter valued at about $25,000. Quadrant Capital Group LLC raised its holdings in Warrior Met Coal by 79.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $61,000 after acquiring an additional 442 shares in the last quarter. Finally, Millburn Ridgefield Corp bought a new stake in shares of Warrior Met Coal in the 3rd quarter worth approximately $32,000. 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.