$324.88 Million in Sales Expected for Warrior Met Coal Inc (HCC) This Quarter

Wall Street brokerages forecast that Warrior Met Coal Inc (NYSE:HCC) will post $324.88 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Warrior Met Coal’s earnings, with the highest sales estimate coming in at $347.57 million and the lowest estimate coming in at $312.80 million. Warrior Met Coal reported sales of $322.56 million in the same quarter last year, which indicates a positive year-over-year growth rate of 0.7%. The business is expected to announce its next quarterly earnings results on Wednesday, August 7th.

On average, analysts expect that Warrior Met Coal will report full-year sales of $1.29 billion for the current financial year, with estimates ranging from $1.24 billion to $1.33 billion. For the next financial year, analysts anticipate that the business will report sales of $1.13 billion, with estimates ranging from $1.06 billion to $1.24 billion. Zacks Investment Research’s sales 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 issued its quarterly earnings results on Wednesday, May 1st. The company reported $2.30 earnings per share for the quarter, topping the Thomson Reuters’ 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 company earned $3.36 EPS. Warrior Met Coal’s quarterly revenue was down 10.3% on a year-over-year basis.

Several equities research analysts have commented on the company. Zacks Investment Research lowered Warrior Met Coal from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. Deutsche Bank assumed coverage on Warrior Met Coal in a research report on Sunday, March 31st. They issued a “buy” rating and a $35.00 price objective on the stock. BMO Capital Markets set a $40.00 price objective on Warrior Met Coal and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Jefferies Financial Group assumed coverage on Warrior Met Coal in a research report on Wednesday, March 13th. They issued a “buy” rating and a $35.00 price objective on the stock. Finally, ValuEngine upgraded Warrior Met Coal from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $34.67.

In other news, Director Stephen D. Williams sold 34,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $28.20, for a total transaction of $958,800.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Walter J. Scheller sold 34,283 shares of the stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $28.91, for a total value of $991,121.53. The disclosure for this sale can be found here. In the last 90 days, insiders sold 108,215 shares of company stock worth $3,213,177. Insiders own 0.59% of the company’s stock.

Large investors have recently made changes to their positions in the company. Federated Investors Inc. PA lifted its position in shares of Warrior Met Coal by 2,895.6% during the 1st quarter. Federated Investors Inc. PA now owns 1,348 shares of the company’s stock valued at $41,000 after buying an additional 1,303 shares in the last quarter. Rehmann Capital Advisory Group purchased a new position in shares of Warrior Met Coal during the 3rd quarter valued at approximately $58,000. New York State Teachers Retirement System purchased a new position in shares of Warrior Met Coal during the 1st quarter valued at approximately $116,000. Legal & General Group Plc lifted its position in shares of Warrior Met Coal by 19.9% during the 3rd quarter. Legal & General Group Plc now owns 7,099 shares of the company’s stock valued at $192,000 after buying an additional 1,176 shares in the last quarter. Finally, NumerixS Investment Technologies Inc lifted its position in shares of Warrior Met Coal by 10.8% during the 1st quarter. NumerixS Investment Technologies Inc now owns 7,202 shares of the company’s stock valued at $218,000 after buying an additional 701 shares in the last quarter.

Warrior Met Coal stock traded up $0.88 during mid-day trading on Tuesday, hitting $28.00. The company had a trading volume of 889,862 shares, compared to its average volume of 790,377. The company has a current ratio of 3.84, a quick ratio of 3.26 and a debt-to-equity ratio of 0.41. Warrior Met Coal has a 12-month low of $20.88 and a 12-month high of $33.49. The firm has a market cap of $1.44 billion, a PE ratio of 3.23 and a beta of 0.51.

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

About Warrior Met Coal

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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