Peabody Energy Co. (NYSE:BTU) Expected to Earn Q2 2024 Earnings of $0.55 Per Share

Peabody Energy Co. (NYSE:BTU) – B. Riley lowered their Q2 2024 earnings estimates for Peabody Energy in a note issued to investors on Friday, May 3rd. B. Riley analyst L. Pipes now forecasts that the coal producer will earn $0.55 per share for the quarter, down from their prior estimate of $0.71. B. Riley currently has a “Buy” rating and a $31.00 target price on the stock. The consensus estimate for Peabody Energy’s current full-year earnings is $2.45 per share. B. Riley also issued estimates for Peabody Energy’s Q3 2024 earnings at $0.66 EPS and Q4 2024 earnings at $0.76 EPS.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings results on Thursday, May 2nd. The coal producer reported $0.30 EPS for the quarter, hitting analysts’ consensus estimates of $0.30. The firm had revenue of $983.60 million for the quarter, compared to analysts’ expectations of $980.03 million. Peabody Energy had a net margin of 11.62% and a return on equity of 14.98%. The business’s revenue for the quarter was down 27.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.69 earnings per share.

Several other brokerages have also recently issued reports on BTU. Benchmark reiterated a “buy” rating and set a $28.00 target price on shares of Peabody Energy in a report on Friday. BMO Capital Markets dropped their target price on shares of Peabody Energy from $25.00 to $24.00 and set a “market perform” rating on the stock in a report on Friday. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.25.

Peabody Energy Trading Down 0.9 %

NYSE BTU opened at $21.86 on Monday. The company has a current ratio of 2.36, a quick ratio of 1.86 and a debt-to-equity ratio of 0.09. Peabody Energy has a 12 month low of $17.71 and a 12 month high of $27.24. The company’s 50-day moving average price is $24.08 and its 200-day moving average price is $24.31. The stock has a market cap of $2.78 billion, a PE ratio of 6.09 and a beta of 1.01.

Institutional Trading of Peabody Energy

A number of institutional investors have recently modified their holdings of BTU. Stratos Wealth Partners LTD. purchased a new position in shares of Peabody Energy in the 3rd quarter valued at approximately $261,000. Hosking Partners LLP raised its position in shares of Peabody Energy by 9.0% in the 3rd quarter. Hosking Partners LLP now owns 1,362,201 shares of the coal producer’s stock valued at $35,404,000 after purchasing an additional 112,092 shares during the last quarter. Gendell Jeffrey L raised its position in shares of Peabody Energy by 18.6% in the 3rd quarter. Gendell Jeffrey L now owns 2,194,474 shares of the coal producer’s stock valued at $57,034,000 after purchasing an additional 344,793 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Peabody Energy by 47.5% in the 4th quarter. SG Americas Securities LLC now owns 10,306 shares of the coal producer’s stock valued at $251,000 after purchasing an additional 3,321 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Peabody Energy by 7.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 787,687 shares of the coal producer’s stock valued at $20,472,000 after purchasing an additional 55,131 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Peabody Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Wednesday, May 15th. Peabody Energy’s payout ratio is 8.36%.

Peabody Energy Company Profile

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.