Warrior Met Coal, Inc. (NYSE:HCC – Free Report) – Equities research analysts at B. Riley lowered their Q4 2024 earnings per share estimates for Warrior Met Coal in a research note issued to investors on Wednesday, October 9th. B. Riley analyst L. Pipes now forecasts that the company will earn $0.77 per share for the quarter, down from their prior estimate of $1.05. B. Riley currently has a “Buy” rating and a $90.00 target price on the stock. The consensus estimate for Warrior Met Coal’s current full-year earnings is $5.55 per share.
Separately, Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research report on Monday, August 5th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Warrior Met Coal has an average rating of “Hold” and a consensus target price of $75.75.
Warrior Met Coal Stock Performance
NYSE HCC opened at $63.86 on Monday. Warrior Met Coal has a 1-year low of $44.76 and a 1-year high of $75.53. The company has a market cap of $3.34 billion, a PE ratio of 7.68 and a beta of 1.02. The stock’s 50 day simple moving average is $58.82 and its 200-day simple moving average is $63.47. The company has a debt-to-equity ratio of 0.09, a current ratio of 6.37 and a quick ratio of 5.37.
Warrior Met Coal (NYSE:HCC – Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.32 by $0.03. The business had revenue of $396.52 million for the quarter, compared to analyst estimates of $387.91 million. Warrior Met Coal had a return on equity of 22.71% and a net margin of 25.01%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.63 EPS.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in HCC. Wulff Hansen & CO. lifted its stake in shares of Warrior Met Coal by 6,177.0% during the 2nd quarter. Wulff Hansen & CO. now owns 331,551 shares of the company’s stock worth $20,811,000 after purchasing an additional 326,269 shares during the period. Hosking Partners LLP grew its stake in Warrior Met Coal by 68.9% during the second quarter. Hosking Partners LLP now owns 482,147 shares of the company’s stock worth $30,264,000 after buying an additional 196,601 shares during the period. Clearbridge Investments LLC acquired a new position in shares of Warrior Met Coal during the 1st quarter valued at $9,234,000. Merewether Investment Management LP acquired a new position in shares of Warrior Met Coal during the second quarter worth $9,190,000. Finally, Jupiter Asset Management Ltd. purchased a new position in shares of Warrior Met Coal in the first quarter valued at $7,021,000. 92.28% of the stock is owned by hedge funds and other institutional investors.
Warrior Met Coal Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were paid a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.32 dividend on an annualized basis and a yield of 0.50%. Warrior Met Coal’s dividend payout ratio is presently 3.85%.
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.
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