Warrior Met Coal (NYSE:HCC) Reaches New 52-Week Low on Disappointing Earnings

Warrior Met Coal, Inc. (NYSE:HCC)’s share price hit a new 52-week low during trading on Wednesday following a dissappointing earnings announcement. The stock traded as low as $47.07 and last traded at $47.73, with a volume of 1139246 shares. The stock had previously closed at $48.65.

The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.11). The firm had revenue of $299.94 million for the quarter, compared to the consensus estimate of $296.39 million. Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. The company’s quarterly revenue was down 40.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.63 earnings per share.

Warrior Met Coal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, May 5th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $0.32 dividend on an annualized basis and a yield of 0.70%. Warrior Met Coal’s dividend payout ratio is presently 6.68%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HCC. Jefferies Financial Group reduced their target price on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research report on Friday, February 14th. Finally, B. Riley decreased their price objective on shares of Warrior Met Coal from $86.00 to $76.00 and set a “buy” rating for the company in a report on Friday, April 11th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in HCC. FNY Investment Advisers LLC purchased a new stake in Warrior Met Coal in the fourth quarter worth $43,000. GAMMA Investing LLC lifted its position in Warrior Met Coal by 56.7% during the fourth quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock valued at $54,000 after buying an additional 358 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Warrior Met Coal by 31.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company’s stock valued at $64,000 after buying an additional 279 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Warrior Met Coal by 304.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company’s stock worth $75,000 after buying an additional 1,040 shares during the period. Finally, Sterling Capital Management LLC increased its stake in shares of Warrior Met Coal by 818.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,634 shares of the company’s stock worth $89,000 after acquiring an additional 1,456 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Stock Performance

The company has a current ratio of 5.20, a quick ratio of 3.99 and a debt-to-equity ratio of 0.09. The company’s 50 day moving average is $47.57 and its 200-day moving average is $55.34. The company has a market capitalization of $2.39 billion, a P/E ratio of 9.50 and a beta of 0.80.

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.