Warrior Met Coal (NYSE:HCC) Stock Price Down 5.3% Following Weak Earnings

Warrior Met Coal, Inc. (NYSE:HCC)’s stock price fell 5.3% during mid-day trading on Thursday following a weaker than expected earnings announcement. The company traded as low as $45.41 and last traded at $45.31. 385,537 shares traded hands during trading, a decline of 51% from the average session volume of 782,748 shares. The stock had previously closed at $47.82.

The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.11). The company 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 firm’s revenue for the quarter was down 40.4% compared to the same quarter last year. During the same period last year, the company posted $2.63 earnings per share.

Warrior Met Coal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, May 5th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Monday, May 5th. Warrior Met Coal’s payout ratio is 6.68%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Jefferies Financial Group dropped their price objective on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research note on Friday, February 14th. Finally, B. Riley reduced their price objective on Warrior Met Coal from $86.00 to $76.00 and set a “buy” rating for the company in a research report on Friday, April 11th.

Institutional Investors Weigh In On Warrior Met Coal

Hedge funds and other institutional investors have recently modified their holdings of the stock. FNY Investment Advisers LLC bought a new stake in shares of Warrior Met Coal during the 4th quarter worth about $43,000. GAMMA Investing LLC lifted its position in Warrior Met Coal by 56.7% in the fourth quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock worth $54,000 after purchasing an additional 358 shares during the period. Quadrant Capital Group LLC boosted its stake in 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 purchasing an additional 279 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Warrior Met Coal by 304.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company’s stock valued at $75,000 after purchasing an additional 1,040 shares during the period. Finally, Sterling Capital Management LLC raised 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 buying an additional 1,456 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors.

Warrior Met Coal Trading Up 4.2 %

The company has a debt-to-equity ratio of 0.09, a current ratio of 5.20 and a quick ratio of 3.99. The business has a fifty day moving average of $47.49 and a 200-day moving average of $55.23. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 9.88 and a beta of 0.80.

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.