Peabody Energy (BTU) Set to Announce Earnings on Thursday

Peabody Energy (NYSE:BTU) is scheduled to post its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Peabody Energy to post earnings of $0.66 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings results on Thursday, February 8th. The coal producer reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.08). Peabody Energy had a net margin of 15.36% and a return on equity of 21.45%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the firm earned $2.65 earnings per share. Peabody Energy’s revenue was down 24.1% on a year-over-year basis. On average, analysts expect Peabody Energy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Peabody Energy Price Performance

Shares of NYSE:BTU opened at $23.53 on Tuesday. The company has a 50-day simple moving average of $24.36 and a 200-day simple moving average of $24.45. Peabody Energy has a one year low of $17.71 and a one year high of $27.24. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.70 and a current ratio of 2.06. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 4.72 and a beta of 0.98.

Peabody Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Thursday, February 22nd were issued a $0.075 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.27%. Peabody Energy’s payout ratio is 6.02%.

Insider Buying and Selling

In related news, CFO Mark Spurbeck sold 6,826 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $24.57, for a total transaction of $167,714.82. Following the completion of the transaction, the chief financial officer now directly owns 75,464 shares of the company’s stock, valued at $1,854,150.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Mark Spurbeck sold 6,826 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $24.57, for a total transaction of $167,714.82. Following the completion of the transaction, the chief financial officer now directly owns 75,464 shares of the company’s stock, valued at $1,854,150.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Darren Ronald Yeates sold 31,980 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $25.48, for a total transaction of $814,850.40. Following the transaction, the chief operating officer now owns 78,307 shares in the company, valued at $1,995,262.36. The disclosure for this sale can be found here. Insiders sold 52,806 shares of company stock valued at $1,339,565 over the last ninety days. Corporate insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on BTU shares. Benchmark reaffirmed a “buy” rating and issued a $28.00 target price on shares of Peabody Energy in a report on Friday, April 12th. B. Riley reduced their target price on shares of Peabody Energy from $34.00 to $32.00 and set a “buy” rating for the company in a report on Monday, April 15th.

About Peabody Energy

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