Warrior Met Coal, Inc. (NYSE:HCC) to Post Q2 2024 Earnings of $0.66 Per Share, B. Riley Forecasts

Warrior Met Coal, Inc. (NYSE:HCC) – Research analysts at B. Riley lifted their Q2 2024 earnings per share (EPS) estimates for Warrior Met Coal in a report released on Thursday, May 2nd. B. Riley analyst L. Pipes now expects that the company will post earnings of $0.66 per share for the quarter, up from their prior estimate of $0.62. B. Riley has a “Buy” rating and a $91.00 price objective on the stock. The consensus estimate for Warrior Met Coal’s current full-year earnings is $6.98 per share. B. Riley also issued estimates for Warrior Met Coal’s Q3 2024 earnings at $1.45 EPS and FY2024 earnings at $6.34 EPS.

Other research analysts have also recently issued reports about the stock. UBS Group initiated coverage on shares of Warrior Met Coal in a research report on Tuesday, January 16th. They set a “neutral” rating and a $68.00 price target on the stock. Citigroup upgraded shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $60.00 to $75.00 in a research note on Thursday, April 11th. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research note on Thursday, May 2nd. Finally, BMO Capital Markets boosted their target price on shares of Warrior Met Coal from $62.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $72.80.

Warrior Met Coal Price Performance

Warrior Met Coal stock opened at $66.07 on Monday. Warrior Met Coal has a 12-month low of $31.97 and a 12-month high of $71.91. The stock has a market capitalization of $3.46 billion, a P/E ratio of 7.95 and a beta of 1.05. The firm’s 50-day moving average is $61.15 and its two-hundred day moving average is $58.97. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.86 and a quick ratio of 5.85.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Wednesday, May 1st. The company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.61. Warrior Met Coal had a net margin of 25.94% and a return on equity of 24.71%. The company had revenue of $503.50 million for the quarter, compared to analysts’ expectations of $474.99 million. During the same period last year, the company earned $3.57 EPS. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year.

Institutional Investors Weigh In On Warrior Met Coal

Several institutional investors have recently bought and sold shares of HCC. SummerHaven Investment Management LLC boosted its position 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 during the period. Sei Investments Co. raised its stake in shares of Warrior Met Coal by 1.2% in the first quarter. Sei Investments Co. now owns 23,202 shares of the company’s stock valued at $1,408,000 after purchasing an additional 277 shares in the last quarter. Exchange Traded Concepts LLC raised 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 purchasing an additional 279 shares in the last quarter. USA Financial Formulas acquired a new position in shares of Warrior Met Coal in the fourth quarter valued at $25,000. Finally, Quadrant Capital Group LLC raised its stake in shares of Warrior Met Coal by 79.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $61,000 after purchasing an additional 442 shares in the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

Insider Activity

In related news, Director Alan H. Schumacher acquired 2,000 shares of Warrior Met Coal stock in a transaction that occurred on Friday, February 23rd. The stock was acquired at an average price of $58.15 per share, with a total value of $116,300.00. Following the completion of the acquisition, the director now directly owns 30,270 shares of the company’s stock, valued at approximately $1,760,200.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Warrior Met Coal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, May 6th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Friday, May 3rd. Warrior Met Coal’s dividend payout ratio (DPR) is 3.85%.

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.