Warrior Met Coal Inc Plans Quarterly Dividend of $0.05 (NYSE:HCC)

Warrior Met Coal Inc (NYSE:HCC) declared a quarterly dividend on Wednesday, July 29th, Wall Street Journal reports. Shareholders of record on Friday, August 7th will be paid a dividend of 0.05 per share on Thursday, August 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Thursday, August 6th.

Warrior Met Coal has a dividend payout ratio of 21.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Warrior Met Coal to earn $3.02 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 6.6%.

Warrior Met Coal stock opened at $16.03 on Thursday. The firm has a 50-day moving average price of $15.52 and a 200-day moving average price of $15.61. The firm has a market capitalization of $820.26 million, a PE ratio of 3.98 and a beta of 1.34. The company has a current ratio of 4.25, a quick ratio of 3.37 and a debt-to-equity ratio of 0.55. Warrior Met Coal has a 12-month low of $9.46 and a 12-month high of $26.50.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, April 29th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.17). The firm had revenue of $226.70 million during the quarter, compared to the consensus estimate of $219.78 million. Warrior Met Coal had a return on equity of 24.44% and a net margin of 19.06%. Warrior Met Coal’s revenue was down 40.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.30 EPS. As a group, sell-side analysts predict that Warrior Met Coal will post 1.66 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on HCC shares. Zacks Investment Research lowered shares of Warrior Met Coal from a “hold” rating to a “sell” rating in a report on Tuesday, July 21st. Royal Bank of Canada lowered their target price on shares of Warrior Met Coal from $29.00 to $22.00 in a report on Monday, May 4th. Citigroup decreased their price objective on shares of Warrior Met Coal from $26.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, April 30th. B. Riley decreased their price objective on shares of Warrior Met Coal from $29.00 to $27.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Finally, BMO Capital Markets lifted their price objective on shares of Warrior Met Coal from $15.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $21.43.

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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Dividend History for Warrior Met Coal (NYSE:HCC)

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