B. Riley Analysts Cut Earnings Estimates for Warrior Met Coal, Inc. (NYSE:HCC)

Warrior Met Coal, Inc. (NYSE:HCC) – Investment analysts at B. Riley reduced their Q1 2024 earnings per share (EPS) estimates for Warrior Met Coal in a report released on Monday, April 15th. B. Riley analyst L. Pipes now anticipates that the company will earn $2.02 per share for the quarter, down from their previous forecast of $2.39. B. Riley currently has a “Buy” rating and a $87.00 target price on the stock. The consensus estimate for Warrior Met Coal’s current full-year earnings is $6.83 per share. B. Riley also issued estimates for Warrior Met Coal’s Q2 2024 earnings at $0.62 EPS and FY2024 earnings at $6.10 EPS.

HCC has been the subject of a number of other reports. Citigroup upgraded shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $60.00 to $75.00 in a research note on Thursday, April 11th. UBS Group assumed coverage on Warrior Met Coal in a research note on Tuesday, January 16th. They issued a “neutral” rating and a $68.00 price target for the company. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $67.60.

Warrior Met Coal Stock Up 1.3 %

Warrior Met Coal stock opened at $66.98 on Thursday. The company has a current ratio of 7.24, a quick ratio of 5.99 and a debt-to-equity ratio of 0.10. Warrior Met Coal has a 1-year low of $31.97 and a 1-year high of $69.97. The company has a fifty day simple moving average of $59.01 and a 200 day simple moving average of $57.33. The company has a market cap of $3.50 billion, a P/E ratio of 7.28 and a beta of 1.09.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Wednesday, February 14th. The company reported $2.49 earnings per share for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.67). Warrior Met Coal had a return on equity of 28.99% and a net margin of 28.55%. The firm had revenue of $363.80 million for the quarter, compared to analyst estimates of $393.04 million. During the same period last year, the company earned $1.90 EPS. The company’s revenue was up 5.5% compared to the same quarter last year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. SummerHaven Investment Management LLC grew its stake in shares of Warrior Met Coal by 1.0% in the fourth quarter. SummerHaven Investment Management LLC now owns 18,938 shares of the company’s stock valued at $1,155,000 after acquiring an additional 192 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Warrior Met Coal by 1.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 19,636 shares of the company’s stock valued at $1,197,000 after buying an additional 279 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of Warrior Met Coal by 8.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,275 shares of the company’s stock valued at $167,000 after buying an additional 329 shares during the period. USA Financial Formulas acquired a new stake in Warrior Met Coal during the fourth quarter worth approximately $25,000. Finally, Sei Investments Co. increased its stake in Warrior Met Coal by 1.6% during the 3rd quarter. Sei Investments Co. now owns 26,936 shares of the company’s stock worth $1,376,000 after acquiring an additional 421 shares during the period. 92.28% of the stock is owned by institutional investors.

Insider Activity

In other Warrior Met Coal news, Director Alan H. Schumacher bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were acquired at an average cost of $58.15 per share, with a total value of $116,300.00. Following the acquisition, the director now owns 30,270 shares of the company’s stock, valued at $1,760,200.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.00% of the company’s stock.

Warrior Met Coal Dividend Announcement

The firm also recently disclosed a None dividend, which was paid on Thursday, March 7th. Shareholders of record on Friday, March 1st were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, February 29th. Warrior Met Coal’s dividend payout ratio is 3.48%.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc produces and exports non-thermal 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.