Q1 2024 EPS Estimates for Warrior Met Coal, Inc. Lowered by B. Riley (NYSE:HCC)

Warrior Met Coal, Inc. (NYSE:HCC) – Investment analysts at B. Riley cut their Q1 2024 earnings estimates for shares of Warrior Met Coal in a report issued on Monday, April 15th. B. Riley analyst L. Pipes now expects that the company will post earnings per share of $2.02 for the quarter, down from their prior forecast of $2.39. B. Riley has a “Buy” rating and a $87.00 price objective on the stock. The consensus estimate for Warrior Met Coal’s current full-year earnings is $8.41 per share. B. Riley also issued estimates for Warrior Met Coal’s Q2 2024 earnings at $0.62 EPS and FY2024 earnings at $6.10 EPS.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Wednesday, February 14th. The company reported $2.49 EPS for the quarter, missing the consensus estimate of $3.16 by ($0.67). The firm had revenue of $363.80 million for the quarter, compared to analysts’ expectations of $393.04 million. Warrior Met Coal had a net margin of 28.55% and a return on equity of 28.99%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.90 EPS.

Several other analysts also recently weighed in on the stock. Citigroup upgraded shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and lifted their target price for the company from $60.00 to $75.00 in a report on Thursday, April 11th. UBS Group began coverage on shares of Warrior Met Coal in a research note on Tuesday, January 16th. They issued a “neutral” rating and a $68.00 price target for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Warrior Met Coal presently has an average rating of “Moderate Buy” and a consensus target price of $67.60.

Warrior Met Coal Stock Up 1.6 %

HCC stock opened at $66.12 on Thursday. The firm has a market cap of $3.46 billion, a PE ratio of 7.19 and a beta of 1.09. The company has a debt-to-equity ratio of 0.10, a quick ratio of 5.99 and a current ratio of 7.24. The firm’s 50 day moving average price is $58.85 and its 200-day moving average price is $57.22. Warrior Met Coal has a one year low of $31.97 and a one year high of $69.97.

Warrior Met Coal Announces Dividend

The business also recently announced a None dividend, which was paid on Thursday, March 7th. Shareholders of record on Friday, March 1st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, February 29th. Warrior Met Coal’s payout ratio is currently 3.48%.

Insiders Place Their Bets

In related news, Director Alan H. Schumacher bought 2,000 shares of the stock in a transaction on Friday, February 23rd. The shares were bought at an average cost of $58.15 per share, for a total transaction of $116,300.00. Following the completion of the transaction, the director now owns 30,270 shares of the company’s stock, valued at approximately $1,760,200.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Warrior Met Coal

Several large investors have recently modified their holdings of HCC. Adage Capital Partners GP L.L.C. lifted its stake in shares of Warrior Met Coal by 50.0% during the third quarter. Adage Capital Partners GP L.L.C. now owns 75,000 shares of the company’s stock valued at $3,831,000 after buying an additional 25,000 shares during the period. Graham Capital Wealth Management LLC purchased a new position in shares of Warrior Met Coal in the 4th quarter valued at $1,773,000. Hosking Partners LLP raised its stake in shares of Warrior Met Coal by 19.4% in the 3rd quarter. Hosking Partners LLP now owns 314,865 shares of the company’s stock valued at $16,083,000 after acquiring an additional 51,147 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Warrior Met Coal during the 4th quarter valued at $44,388,000. Finally, Janney Montgomery Scott LLC grew its holdings in Warrior Met Coal by 28.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 58,179 shares of the company’s stock valued at $2,972,000 after purchasing an additional 12,989 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc produces and exports non-thermal 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.