Peabody Energy (BTU) Releases Quarterly Earnings Results, Misses Estimates By $0.55 EPS

Peabody Energy (NYSE:BTU) issued its quarterly earnings data on Tuesday. The coal producer reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.55), RTT News reports. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.37 billion. Peabody Energy had a net margin of 15.71% and a return on equity of 24.59%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period last year, the firm earned $1.47 EPS.

Shares of Peabody Energy stock traded up $0.16 on Wednesday, hitting $35.22. The company’s stock had a trading volume of 522,634 shares, compared to its average volume of 803,149. The company has a quick ratio of 2.01, a current ratio of 2.28 and a debt-to-equity ratio of 0.38. Peabody Energy has a 1 year low of $30.49 and a 1 year high of $47.84. The firm has a market cap of $4.26 billion, a PE ratio of 7.11 and a beta of 0.91.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Wednesday, October 31st will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Tuesday, October 30th. This is a positive change from Peabody Energy’s previous quarterly dividend of $0.13.



BTU has been the subject of several analyst reports. Clarkson Capital cut Peabody Energy from a “buy” rating to a “hold” rating and set a $47.00 price objective for the company. in a report on Friday, September 28th. Seaport Global Securities cut Peabody Energy from a “buy” rating to a “neutral” rating in a report on Friday, September 28th. Zacks Investment Research cut Peabody Energy from a “buy” rating to a “hold” rating in a report on Wednesday, August 29th. B. Riley boosted their price objective on Peabody Energy from $52.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, September 19th. Finally, ValuEngine cut Peabody Energy from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Peabody Energy presently has a consensus rating of “Hold” and an average target price of $44.67.

In related news, insider George John Schuller, Jr. sold 12,312 shares of Peabody Energy stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $41.13, for a total value of $506,392.56. Following the completion of the transaction, the insider now owns 55,627 shares in the company, valued at approximately $2,287,938.51. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Charles F. Meintjes sold 35,000 shares of Peabody Energy stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $42.10, for a total value of $1,473,500.00. Following the completion of the transaction, the executive vice president now owns 170,910 shares of the company’s stock, valued at approximately $7,195,311. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

Peabody Energy Company Profile

Peabody Energy Corporation engages in coal mining business. The company operates through six segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, and Trading and Brokerage. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; and metallurgical coal that include hard coking coal, semi-hard coking coal, semi-soft coking coal, and low-volatile pulverized coal injection for industrial customers.

See Also: Ex-Dividend

Earnings History for Peabody Energy (NYSE:BTU)

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