Warrior Met Coal Inc (NYSE:HCC) – Investment analysts at Jefferies Financial Group issued their Q1 2019 EPS estimates for Warrior Met Coal in a research note issued on Wednesday, March 13th. Jefferies Financial Group analyst C. Lafemina forecasts that the company will post earnings per share of $1.55 for the quarter. Jefferies Financial Group has a “Buy” rating and a $35.00 price target on the stock. Jefferies Financial Group also issued estimates for Warrior Met Coal’s Q2 2019 earnings at $1.52 EPS, Q3 2019 earnings at $1.21 EPS, Q4 2019 earnings at $1.24 EPS, FY2019 earnings at $5.54 EPS, FY2020 earnings at $4.43 EPS, FY2021 earnings at $3.54 EPS, FY2022 earnings at $4.11 EPS and FY2023 earnings at $5.00 EPS.
Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Thursday, February 21st. The company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.22. Warrior Met Coal had a net margin of 50.56% and a return on equity of 92.83%. The company had revenue of $360.36 million during the quarter, compared to analyst estimates of $334.92 million. During the same quarter in the previous year, the business earned $1.83 EPS. The firm’s revenue was up 50.3% on a year-over-year basis.
Shares of HCC stock opened at $28.95 on Friday. Warrior Met Coal has a 12-month low of $20.88 and a 12-month high of $31.71. The firm has a market capitalization of $1.44 billion, a PE ratio of 3.34 and a beta of 0.57. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.77 and a quick ratio of 3.31.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.69%. Warrior Met Coal’s dividend payout ratio is 2.31%.
In other news, CEO Walter J. Scheller sold 34,283 shares of the stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $28.91, for a total transaction of $991,121.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kelli K. Gant sold 10,000 shares of the stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $28.83, for a total transaction of $288,300.00. The disclosure for this sale can be found here. Corporate insiders own 0.51% of the company’s stock.
Several hedge funds have recently modified their holdings of HCC. Bank of New York Mellon Corp raised its holdings in shares of Warrior Met Coal by 16.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 466,406 shares of the company’s stock valued at $12,859,000 after purchasing an additional 66,524 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Warrior Met Coal by 17.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 256,217 shares of the company’s stock valued at $6,798,000 after purchasing an additional 38,140 shares during the period. Robeco Institutional Asset Management B.V. bought a new stake in shares of Warrior Met Coal in the 3rd quarter valued at about $10,331,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Warrior Met Coal in the 3rd quarter valued at about $1,266,000. Finally, Dupont Capital Management Corp bought a new stake in shares of Warrior Met Coal in the 3rd quarter valued at about $384,000.
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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