Peabody Energy (BTU) Scheduled to Post Quarterly Earnings on Thursday

Peabody Energy (NYSE:BTU) is scheduled to be announcing its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.66 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Peabody Energy (NYSE:BTU) last posted its earnings results on Thursday, February 8th. The coal producer reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.08). The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. Peabody Energy had a net margin of 15.36% and a return on equity of 21.45%. Peabody Energy’s revenue was down 24.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.65 earnings per share. On average, analysts expect Peabody Energy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Peabody Energy Price Performance

NYSE BTU opened at $23.45 on Thursday. The company has a quick ratio of 1.70, a current ratio of 2.06 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $2.98 billion, a PE ratio of 4.71 and a beta of 0.98. The company has a 50 day moving average price of $24.41 and a two-hundred day moving average price of $24.50. Peabody Energy has a 12-month low of $17.71 and a 12-month high of $27.24.

Peabody Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Thursday, February 22nd were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Wednesday, February 21st. Peabody Energy’s payout ratio is 6.02%.

Wall Street Analyst Weigh In

BTU has been the subject of several research analyst reports. B. Riley cut their target price on shares of Peabody Energy from $34.00 to $32.00 and set a “buy” rating for the company in a research note on Monday, April 15th. Benchmark reiterated a “buy” rating and set a $28.00 target price on shares of Peabody Energy in a research note on Friday, April 12th.

Insiders Place Their Bets

In other Peabody Energy news, CFO Mark Spurbeck sold 6,826 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $24.57, for a total transaction of $167,714.82. Following the sale, the chief financial officer now owns 75,464 shares of the company’s stock, valued at approximately $1,854,150.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Peabody Energy news, CFO Mark Spurbeck sold 6,826 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $24.57, for a total transaction of $167,714.82. Following the sale, the chief financial officer now owns 75,464 shares of the company’s stock, valued at approximately $1,854,150.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $357,000.00. Following the transaction, the director now owns 24,279 shares in the company, valued at $619,114.50. The disclosure for this sale can be found here. Insiders have sold a total of 52,806 shares of company stock valued at $1,339,565 in the last 90 days. 0.40% of the stock is currently owned by insiders.

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.