Zacks: Analysts Expect Warrior Met Coal Inc (HCC) to Announce $1.67 EPS

Equities research analysts expect Warrior Met Coal Inc (NYSE:HCC) to report $1.67 earnings per share for the current quarter, according to Zacks. Three analysts have made estimates for Warrior Met Coal’s earnings, with the highest EPS estimate coming in at $1.93 and the lowest estimate coming in at $1.40. Warrior Met Coal reported earnings per share of $1.81 during the same quarter last year, which suggests a negative year over year growth rate of 7.7%. The business is scheduled to issue its next quarterly earnings results on Wednesday, August 7th.

According to Zacks, analysts expect that Warrior Met Coal will report full year earnings of $6.19 per share for the current financial year, with EPS estimates ranging from $5.47 to $6.89. For the next year, analysts expect that the company will post earnings of $4.13 per share, with EPS estimates ranging from $2.57 to $6.11. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Warrior Met Coal.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.55. Warrior Met Coal had a net margin of 47.10% and a return on equity of 71.47%. The company had revenue of $378.30 million for the quarter, compared to the consensus estimate of $326.30 million. During the same quarter in the prior year, the firm earned $3.36 earnings per share. The company’s revenue for the quarter was down 10.3% compared to the same quarter last year.

Several analysts have issued reports on HCC shares. TheStreet raised shares of Warrior Met Coal from a “c” rating to a “b-” rating in a report on Friday, April 12th. Jefferies Financial Group set a $40.00 price target on shares of Warrior Met Coal and gave the company a “buy” rating in a report on Tuesday, April 2nd. Deutsche Bank started coverage on shares of Warrior Met Coal in a report on Sunday, March 31st. They issued a “buy” rating and a $35.00 price target on the stock. BMO Capital Markets set a $40.00 price target on shares of Warrior Met Coal and gave the company a “buy” rating in a report on Thursday, May 2nd. Finally, B. Riley set a $33.00 price target on shares of Warrior Met Coal and gave the company a “hold” rating in a report on Tuesday, February 26th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Warrior Met Coal has an average rating of “Buy” and a consensus target price of $34.67.

In other news, insider Kelli K. Gant sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $28.83, for a total value of $288,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Walter J. Scheller sold 34,283 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $28.91, for a total transaction of $991,121.53. The disclosure for this sale can be found here. In the last three months, insiders sold 108,215 shares of company stock valued at $3,213,177. Company insiders own 0.59% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Federated Investors Inc. PA increased its position in Warrior Met Coal by 2,895.6% during the first quarter. Federated Investors Inc. PA now owns 1,348 shares of the company’s stock worth $41,000 after purchasing an additional 1,303 shares during the last quarter. HCR Wealth Advisors acquired a new position in Warrior Met Coal during the first quarter worth approximately $224,000. Rehmann Capital Advisory Group acquired a new position in Warrior Met Coal during the third quarter worth approximately $58,000. New York State Teachers Retirement System acquired a new position in Warrior Met Coal during the first quarter worth approximately $116,000. Finally, Legal & General Group Plc increased its position in Warrior Met Coal by 19.9% during the third quarter. Legal & General Group Plc now owns 7,099 shares of the company’s stock worth $192,000 after purchasing an additional 1,176 shares during the last quarter.

Shares of NYSE HCC traded up $0.48 on Friday, hitting $28.36. The company’s stock had a trading volume of 867,091 shares, compared to its average volume of 967,711. Warrior Met Coal has a 12-month low of $20.88 and a 12-month high of $33.49. The company has a market capitalization of $1.44 billion, a PE ratio of 3.27 and a beta of 0.51. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.84 and a quick ratio of 3.26.

The company also recently disclosed a special dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Monday, May 6th will be given a $4.41 dividend. This represents a dividend yield of 0.62%. The ex-dividend date is Friday, May 3rd. Warrior Met Coal’s dividend payout ratio is presently 2.31%.

Warrior Met Coal Company Profile

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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Earnings History and Estimates for Warrior Met Coal (NYSE:HCC)

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