Peabody Energy Corporation (BTU) Posts Earnings Results, Misses Expectations By $1.07 EPS
Peabody Energy Corporation (NYSE:BTU) released its quarterly earnings data on Tuesday. The coal producer reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by $1.07, Briefing.com reports. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.25 billion. The firm’s revenue for the quarter was up 21.0% on a year-over-year basis.
Shares of Peabody Energy Corporation (NYSE:BTU) traded down 0.56% during trading on Thursday, hitting $30.04. The company had a trading volume of 300,812 shares. The stock’s 50-day moving average price is $24.67 and its 200 day moving average price is $24.92. The company’s market capitalization is $2.92 billion. Peabody Energy Corporation has a 52 week low of $22.58 and a 52 week high of $32.50.
In other Peabody Energy Corporation news, insider Glenn L. Kellow acquired 8,520 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was bought at an average price of $23.49 per share, for a total transaction of $200,134.80. Following the acquisition, the insider now directly owns 689,410 shares in the company, valued at $16,194,240.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Associates L.P. Elliott acquired 140,929 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were acquired at an average price of $24.33 per share, with a total value of $3,428,802.57. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 1,668,144 shares of company stock valued at $40,253,222. 1.27% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Pacific Heights Asset Management LLC acquired a new position in Peabody Energy Corporation during the second quarter worth about $295,000. First Midwest Bank Trust Division acquired a new position in Peabody Energy Corporation during the second quarter worth about $562,000. Parkwood LLC acquired a new position in Peabody Energy Corporation during the second quarter worth about $594,000. Tokio Marine Asset Management Co. Ltd. acquired a new position in Peabody Energy Corporation during the second quarter worth about $748,000. Finally, Strs Ohio acquired a new position in Peabody Energy Corporation during the second quarter worth about $933,000. Institutional investors own 0.07% of the company’s stock.
BTU has been the subject of a number of analyst reports. Zacks Investment Research lowered Peabody Energy Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 27th. Stifel Nicolaus reissued a “hold” rating and set a $29.00 price objective on shares of Peabody Energy Corporation in a research note on Wednesday, April 19th. J P Morgan Chase & Co reissued an “overweight” rating and set a $35.00 price objective on shares of Peabody Energy Corporation in a research note on Wednesday, April 26th. MKM Partners initiated coverage on Peabody Energy Corporation in a research note on Thursday, April 27th. They set a “buy” rating and a $53.00 price objective for the company. Finally, Seaport Global Securities raised Peabody Energy Corporation from a “neutral” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Monday, April 24th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Peabody Energy Corporation presently has an average rating of “Buy” and a consensus price target of $35.57.
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Peabody Energy Corporation Company Profile
Peabody Energy Corporation is a coal company. The Company’s segments include Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, Trading and Brokerage, and Corporate and Other. Its Powder River Basin Mining operations consist of its mines in Wyoming.
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