Analysts forecast that Warrior Met Coal Inc (NYSE:HCC) will announce $249.32 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Warrior Met Coal’s earnings, with estimates ranging from $237.59 million to $265.80 million. Warrior Met Coal posted sales of $273.30 million in the same quarter last year, which suggests a negative year over year growth rate of 8.8%. The business is expected to announce its next earnings report after the market closes on Wednesday, October 30th.
On average, analysts expect that Warrior Met Coal will report full year sales of $1.27 billion for the current financial year, with estimates ranging from $1.26 billion to $1.28 billion. For the next year, analysts forecast that the firm will report sales of $1.06 billion, with estimates ranging from $1.03 billion to $1.13 billion. Zacks’ sales averages are a mean average based on a survey of research firms that cover Warrior Met Coal.
Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, July 31st. The company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.47. The company had revenue of $397.61 million for the quarter, compared to analyst estimates of $311.62 million. Warrior Met Coal had a net margin of 47.01% and a return on equity of 62.99%. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.81 EPS.
Shares of NYSE HCC traded down $0.03 during mid-day trading on Monday, hitting $21.82. The company’s stock had a trading volume of 550,970 shares, compared to its average volume of 1,526,445. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 2.52 and a beta of 0.56. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.31 and a quick ratio of 2.73. Warrior Met Coal has a one year low of $18.75 and a one year high of $33.49. The company’s fifty day simple moving average is $20.71 and its 200-day simple moving average is $24.94.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 4th. Investors of record on Monday, October 28th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.92%. Warrior Met Coal’s payout ratio is 2.31%.
In other news, CFO Dale W. Boyles acquired 1,200 shares of Warrior Met Coal stock in a transaction that occurred on Thursday, August 15th. The shares were acquired at an average price of $22.22 per share, with a total value of $26,664.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.59% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in HCC. Nuveen Asset Management LLC acquired a new stake in Warrior Met Coal during the 2nd quarter worth approximately $27,444,000. Marshall Wace LLP raised its holdings in Warrior Met Coal by 831.0% during the 2nd quarter. Marshall Wace LLP now owns 937,770 shares of the company’s stock worth $24,495,000 after buying an additional 837,047 shares during the period. Citadel Advisors LLC raised its holdings in Warrior Met Coal by 59.4% during the 2nd quarter. Citadel Advisors LLC now owns 1,477,894 shares of the company’s stock worth $38,602,000 after buying an additional 550,523 shares during the period. BlackRock Inc. raised its holdings in Warrior Met Coal by 18.8% during the 2nd quarter. BlackRock Inc. now owns 3,450,941 shares of the company’s stock worth $90,139,000 after buying an additional 547,190 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Warrior Met Coal by 332.9% during the 2nd quarter. Renaissance Technologies LLC now owns 691,300 shares of the company’s stock worth $18,057,000 after buying an additional 531,600 shares during the period.
About Warrior Met Coal
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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