Q3 2019 EPS Estimates for Peabody Energy Co. Raised by B. Riley (NYSE:BTU)

Peabody Energy Co. (NYSE:BTU) – Analysts at B. Riley lifted their Q3 2019 EPS estimates for Peabody Energy in a research report issued on Thursday, August 1st. B. Riley analyst L. Pipes now anticipates that the coal producer will post earnings of $0.44 per share for the quarter, up from their prior estimate of $0.41. B. Riley also issued estimates for Peabody Energy’s Q4 2019 earnings at $0.35 EPS, FY2019 earnings at $2.32 EPS, Q1 2020 earnings at ($0.08) EPS, Q2 2020 earnings at ($0.06) EPS, Q3 2020 earnings at $0.09 EPS, Q4 2020 earnings at $0.12 EPS, FY2020 earnings at $0.07 EPS and FY2021 earnings at $0.14 EPS.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings data on Wednesday, July 31st. The coal producer reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.09. Peabody Energy had a net margin of 9.47% and a return on equity of 10.64%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the company earned $0.93 EPS. The business’s quarterly revenue was down 12.2% compared to the same quarter last year.

BTU has been the subject of several other reports. Deutsche Bank lowered their price objective on shares of Peabody Energy from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Monday. Jefferies Financial Group cut shares of Peabody Energy from a “buy” rating to a “hold” rating and lowered their price objective for the company from $27.00 to $18.00 in a research note on Tuesday. Zacks Investment Research raised shares of Peabody Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, July 22nd. Finally, MKM Partners lowered their price objective on shares of Peabody Energy from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $34.89.

Shares of NYSE BTU opened at $17.89 on Monday. Peabody Energy has a 52-week low of $17.56 and a 52-week high of $44.71. The company’s fifty day moving average is $22.58. The stock has a market cap of $1.97 billion, a PE ratio of 5.68 and a beta of 0.83. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.81 and a quick ratio of 1.49.

In related news, EVP Charles F. Meintjes sold 35,779 shares of Peabody Energy stock in a transaction on Monday, June 10th. The shares were sold at an average price of $23.68, for a total transaction of $847,246.72. Following the transaction, the executive vice president now owns 123,398 shares in the company, valued at approximately $2,922,064.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder International L.P. Elliott bought 150,000 shares of Peabody Energy stock in a transaction that occurred on Thursday, August 1st. The shares were acquired at an average price of $18.48 per share, for a total transaction of $2,772,000.00. The disclosure for this purchase can be found here. Insiders own 0.75% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in Peabody Energy by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,398,714 shares of the coal producer’s stock valued at $103,594,000 after acquiring an additional 106,490 shares during the period. Legal & General Group Plc lifted its holdings in Peabody Energy by 4.5% in the fourth quarter. Legal & General Group Plc now owns 42,373 shares of the coal producer’s stock valued at $1,292,000 after acquiring an additional 1,823 shares during the period. FMR LLC lifted its holdings in Peabody Energy by 33.5% in the fourth quarter. FMR LLC now owns 371,464 shares of the coal producer’s stock valued at $11,322,000 after acquiring an additional 93,163 shares during the period. Meeder Asset Management Inc. lifted its holdings in Peabody Energy by 19.8% in the first quarter. Meeder Asset Management Inc. now owns 14,614 shares of the coal producer’s stock valued at $414,000 after acquiring an additional 2,415 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in Peabody Energy by 12,100.0% in the first quarter. Nisa Investment Advisors LLC now owns 48,800 shares of the coal producer’s stock valued at $1,383,000 after acquiring an additional 48,400 shares during the period.

Peabody Energy Company Profile

Peabody Energy Corp. engages in the business of coal mining. It operates through the following segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Seaborne Metallurgical Mining, Seaborne Thermal Mining, and Corporate and Other. The Powder River Basin Mining segment consists of its mines in Wyoming.

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Earnings History and Estimates for Peabody Energy (NYSE:BTU)

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