Q3 2018 EPS Estimates for Warrior Met Coal Inc Lifted by Seaport Global Securities (HCC)

Warrior Met Coal Inc (NYSE:HCC) – Research analysts at Seaport Global Securities upped their Q3 2018 earnings per share estimates for Warrior Met Coal in a note issued to investors on Wednesday, October 24th. Seaport Global Securities analyst M. Levin now forecasts that the company will post earnings of $1.54 per share for the quarter, up from their previous estimate of $1.39. Seaport Global Securities also issued estimates for Warrior Met Coal’s FY2018 earnings at $8.40 EPS.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Wednesday, August 1st. The company reported $1.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.14). The firm had revenue of $322.56 million during the quarter, compared to the consensus estimate of $331.76 million. Warrior Met Coal had a return on equity of 82.44% and a net margin of 37.56%. The company’s quarterly revenue was down 11.2% compared to the same quarter last year.



A number of other research firms have also weighed in on HCC. Zacks Investment Research upgraded Warrior Met Coal from a “sell” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Wednesday, October 17th. Citigroup raised their target price on Warrior Met Coal from $25.87 to $33.00 and gave the company a “buy” rating in a report on Wednesday, July 11th. Morgan Stanley raised their target price on Warrior Met Coal from $27.00 to $29.00 and gave the company a “hold” rating in a report on Tuesday, October 2nd. ValuEngine upgraded Warrior Met Coal from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 26th. Finally, B. Riley raised their target price on Warrior Met Coal from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, September 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Warrior Met Coal currently has an average rating of “Hold” and an average target price of $31.25.

Shares of NYSE:HCC opened at $27.78 on Friday. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 3.52 and a beta of 0.50. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.02 and a current ratio of 2.53. Warrior Met Coal has a 52-week low of $18.56 and a 52-week high of $33.72.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Stockholders of record on Friday, November 2nd will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.72%. Warrior Met Coal’s dividend payout ratio is presently 2.53%.

Several hedge funds have recently bought and sold shares of HCC. Sun Life Financial INC purchased a new stake in shares of Warrior Met Coal during the second quarter valued at approximately $211,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Warrior Met Coal during the second quarter valued at approximately $217,000. Bowling Portfolio Management LLC purchased a new stake in shares of Warrior Met Coal during the second quarter valued at approximately $221,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Warrior Met Coal during the second quarter valued at approximately $225,000. Finally, United Services Automobile Association purchased a new stake in shares of Warrior Met Coal during the second quarter valued at approximately $256,000.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc produces and exports 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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Earnings History and Estimates for Warrior Met Coal (NYSE:HCC)

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