Q3 2024 EPS Estimates for Warrior Met Coal, Inc. Cut by Analyst (NYSE:HCC)

Warrior Met Coal, Inc. (NYSE:HCC) – Investment analysts at B. Riley dropped their Q3 2024 EPS estimates for Warrior Met Coal in a research note issued to investors on Monday, April 15th. B. Riley analyst L. Pipes now expects that the company will post earnings per share of $1.75 for the quarter, down from their previous estimate of $2.02. B. Riley currently has a “Buy” rating and a $87.00 target price 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 Q4 2024 earnings at $1.71 EPS.

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

Several other research firms have also commented on HCC. UBS Group assumed 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 objective for the company. Citigroup upgraded shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $60.00 to $75.00 in a research note on Thursday, April 11th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Warrior Met Coal has a consensus rating of “Moderate Buy” and an average price target of $67.60.

Warrior Met Coal Trading Up 1.6 %

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

Institutional Trading of Warrior Met Coal

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HCC. Envestnet Asset Management Inc. acquired a new stake in Warrior Met Coal during the first quarter worth approximately $235,000. Bank of New York Mellon Corp raised its holdings in Warrior Met Coal by 2.8% during the first quarter. Bank of New York Mellon Corp now owns 624,104 shares of the company’s stock worth $23,161,000 after purchasing an additional 16,725 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Warrior Met Coal by 9.7% in the 1st quarter. Citigroup Inc. now owns 46,040 shares of the company’s stock valued at $1,709,000 after acquiring an additional 4,079 shares during the period. Bank of Montreal Can increased its holdings in shares of Warrior Met Coal by 502.1% in the 1st quarter. Bank of Montreal Can now owns 80,742 shares of the company’s stock valued at $3,031,000 after acquiring an additional 67,332 shares during the period. Finally, MetLife Investment Management LLC increased its holdings in shares of Warrior Met Coal by 59.4% in the 1st quarter. MetLife Investment Management LLC now owns 27,476 shares of the company’s stock valued at $1,020,000 after acquiring an additional 10,240 shares during the period. Institutional investors and hedge funds own 92.28% of the company’s stock.

Insider Buying and Selling

In other news, Director Alan H. Schumacher purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was bought at an average price of $58.15 per share, for a total transaction of $116,300.00. Following the completion of the purchase, the director now directly owns 30,270 shares of the company’s stock, valued at $1,760,200.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.

Warrior Met Coal Announces Dividend

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

About Warrior Met Coal

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.