FY2017 Earnings Forecast for Peabody Energy Corporation (BTU) Issued By FBR & Co
Peabody Energy Corporation (NYSE:BTU) – Stock analysts at FBR & Co boosted their FY2017 earnings per share estimates for Peabody Energy Corporation in a research report issued to clients and investors on Wednesday. FBR & Co analyst L. Pipes now anticipates that the coal producer will earn $5.43 per share for the year, up from their previous estimate of $4.96. FBR & Co has a “Buy” rating and a $36.00 price target on the stock. FBR & Co also issued estimates for Peabody Energy Corporation’s Q1 2018 earnings at $0.77 EPS, Q2 2018 earnings at $0.61 EPS, Q3 2018 earnings at $0.59 EPS, Q4 2018 earnings at $0.53 EPS, FY2018 earnings at $2.50 EPS, Q1 2019 earnings at $0.37 EPS and FY2019 earnings at $1.26 EPS.
BTU has been the topic of several other reports. Macquarie began coverage on shares of Peabody Energy Corporation in a research report on Thursday, September 7th. They issued a “neutral” rating and a $30.00 price objective on the stock. Stifel Nicolaus set a $32.00 price objective on shares of Peabody Energy Corporation and gave the company a “hold” rating in a research report on Wednesday, August 2nd. MKM Partners reiterated a “buy” rating on shares of Peabody Energy Corporation in a research report on Tuesday, September 12th. Finally, Zacks Investment Research upgraded shares of Peabody Energy Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 26th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $35.14.
Peabody Energy Corporation (NYSE:BTU) opened at 29.96 on Friday. The stock’s market capitalization is $3.00 billion. The company’s 50-day moving average is $29.48 and its 200 day moving average is $26.79. Peabody Energy Corporation has a 12-month low of $22.58 and a 12-month high of $32.50.
Peabody Energy Corporation (NYSE:BTU) last posted its quarterly earnings results on Tuesday, August 1st. The coal producer reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($1.07). The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Peabody Energy Corporation’s revenue was up 21.0% compared to the same quarter last year.
In other Peabody Energy Corporation news, major shareholder Discovery Capital Management, sold 12,800,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $27.10, for a total transaction of $346,880,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.27% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. bought a new stake in shares of Peabody Energy Corporation during the 2nd quarter worth about $105,000. FNY Partners Fund LP bought a new stake in shares of Peabody Energy Corporation during the 2nd quarter worth about $146,000. BNP Paribas Arbitrage SA bought a new stake in shares of Peabody Energy Corporation during the 2nd quarter worth about $162,000. Pacific Heights Asset Management LLC bought a new stake in shares of Peabody Energy Corporation during the 2nd quarter worth about $295,000. Finally, Martingale Asset Management L P bought a new stake in shares of Peabody Energy Corporation during the 2nd quarter worth about $301,000. Institutional investors own 97.98% of the company’s stock.
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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