Q1 2024 EPS Estimates for Peabody Energy Co. (NYSE:BTU) Lowered by B. Riley

Peabody Energy Co. (NYSE:BTUFree Report) – Analysts at B. Riley dropped their Q1 2024 earnings per share estimates for Peabody Energy in a research note issued to investors on Tuesday, March 12th. B. Riley analyst L. Pipes now anticipates that the coal producer will post earnings of $0.66 per share for the quarter, down from their previous estimate of $0.67. B. Riley has a “Buy” rating and a $34.00 price objective on the stock. The consensus estimate for Peabody Energy’s current full-year earnings is $3.68 per share. B. Riley also issued estimates for Peabody Energy’s FY2026 earnings at $4.21 EPS.

Peabody Energy Price Performance

Shares of BTU stock opened at $25.15 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.70 and a current ratio of 2.06. Peabody Energy has a fifty-two week low of $17.71 and a fifty-two week high of $27.70. The firm has a market cap of $3.23 billion, a P/E ratio of 5.05 and a beta of 0.99. The business’s 50 day moving average price is $25.36 and its 200-day moving average price is $24.38.

Peabody Energy (NYSE:BTUGet Free Report) last released its quarterly earnings data 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 firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the firm posted $2.65 EPS.

Institutional Investors Weigh In On Peabody Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Harbour Investments Inc. boosted its stake in Peabody Energy by 323.1% in the 4th quarter. Harbour Investments Inc. now owns 1,100 shares of the coal producer’s stock worth $29,000 after purchasing an additional 840 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of Peabody Energy during the third quarter valued at approximately $30,000. Main Street Group LTD bought a new stake in shares of Peabody Energy during the fourth quarter valued at approximately $29,000. EverSource Wealth Advisors LLC lifted its position in Peabody Energy by 84.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,240 shares of the coal producer’s stock valued at $32,000 after acquiring an additional 568 shares in the last quarter. Finally, Quarry LP increased its holdings in shares of Peabody Energy by 1,079.8% in the 1st quarter. Quarry LP now owns 1,345 shares of the coal producer’s stock worth $34,000 after purchasing an additional 1,231 shares in the last quarter. Hedge funds and other institutional investors own 82.33% of the company’s stock.

Insider Buying and Selling at Peabody Energy

In other news, CFO Mark Spurbeck sold 4,827 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $24.94, for a total value of $120,385.38. Following the completion of the sale, the chief financial officer now directly owns 68,638 shares of the company’s stock, valued at approximately $1,711,831.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Peabody Energy news, CFO Mark Spurbeck sold 4,827 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $24.94, for a total transaction of $120,385.38. Following the transaction, the chief financial officer now owns 68,638 shares in the company, valued at approximately $1,711,831.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nicholas J. Chirekos sold 14,000 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $619,114.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,281,509 shares of company stock valued at $31,137,089. 0.20% of the stock is currently owned by company insiders.

Peabody Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Wednesday, February 21st. Peabody Energy’s payout ratio is currently 6.02%.

About Peabody Energy

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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, and internationally. The company operates through Seaborne Thermal Mining, Seaborne Metallurgical Mining, Powder River Basin Mining, and Other U.S.

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

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