Q4 2024 Earnings Estimate for Peabody Energy Co. (NYSE:BTU) Issued By B. Riley

Peabody Energy Co. (NYSE:BTU) – Research analysts at B. Riley lowered their Q4 2024 earnings per share (EPS) estimates for shares of Peabody Energy in a note issued to investors on Monday, April 15th. B. Riley analyst L. Pipes now forecasts that the coal producer will post earnings per share of $0.86 for the quarter, down from their prior forecast of $1.01. B. Riley has a “Buy” rating and a $32.00 price objective on the stock. The consensus estimate for Peabody Energy’s current full-year earnings is $3.66 per share. B. Riley also issued estimates for Peabody Energy’s FY2025 earnings at $2.58 EPS.

Peabody Energy (NYSE:BTU) last released its quarterly earnings results on Thursday, February 8th. The coal producer reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.08). The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Peabody Energy had a return on equity of 21.45% and a net margin of 15.36%. The firm’s quarterly revenue was down 24.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.65 EPS.

Separately, Benchmark reaffirmed a “buy” rating and set a $28.00 price target on shares of Peabody Energy in a research report on Friday, April 12th.

Peabody Energy Trading Up 0.2 %

NYSE BTU opened at $24.09 on Wednesday. The company’s fifty day moving average price is $24.51 and its two-hundred day moving average price is $24.52. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 4.84 and a beta of 0.98. Peabody Energy has a 12 month low of $17.71 and a 12 month high of $27.24. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.06 and a quick ratio of 1.70.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BTU. Vanguard Group Inc. lifted its holdings in Peabody Energy by 49.2% in the first quarter. Vanguard Group Inc. now owns 7,873,533 shares of the coal producer’s stock worth $193,137,000 after purchasing an additional 2,595,279 shares during the period. First Republic Investment Management Inc. raised its holdings in Peabody Energy by 2,249.0% during the first quarter. First Republic Investment Management Inc. now owns 2,104,738 shares of the coal producer’s stock worth $51,629,000 after purchasing an additional 2,015,138 shares in the last quarter. Bank of America Corp DE lifted its position in Peabody Energy by 2,630.4% in the first quarter. Bank of America Corp DE now owns 1,189,512 shares of the coal producer’s stock worth $30,452,000 after purchasing an additional 1,145,947 shares during the period. PointState Capital LP bought a new stake in shares of Peabody Energy in the 1st quarter worth $27,379,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Peabody Energy by 106.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,154,535 shares of the coal producer’s stock valued at $52,398,000 after buying an additional 1,109,261 shares during the period. Institutional investors own 87.44% of the company’s stock.

Insiders Place Their Bets

In other Peabody Energy news, Director Nicholas J. Chirekos sold 14,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $25.50, for a total value of $357,000.00. Following the transaction, the director now owns 24,279 shares of the company’s stock, valued at $619,114.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Peabody Energy news, Director Nicholas J. Chirekos sold 14,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $25.50, for a total value of $357,000.00. Following the completion of the transaction, the director now owns 24,279 shares in the company, valued at approximately $619,114.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Darren Ronald Yeates sold 31,980 shares of Peabody Energy stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $25.48, for a total value of $814,850.40. Following the sale, the chief operating officer now directly owns 78,307 shares in the company, valued at approximately $1,995,262.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,806 shares of company stock valued at $1,339,565. Company insiders own 0.09% of the company’s stock.

Peabody Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Thursday, February 22nd were paid a dividend of $0.075 per share. The ex-dividend date was Wednesday, February 21st. This represents a $0.30 annualized dividend and a yield of 1.25%. Peabody Energy’s payout ratio is 6.02%.

About Peabody Energy

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Brazil, Belgium, Chile, France, Indonesia, China, Vietnam, South Korea, Germany, and internationally. The company operates through Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S.