Warrior Met Coal (NYSE:HCC) Announces Quarterly Earnings Results

Warrior Met Coal (NYSE:HCC) posted its quarterly earnings results on Wednesday. The company reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.61, Briefing.com reports. The company had revenue of $503.50 million during the quarter, compared to the consensus estimate of $474.99 million. Warrior Met Coal had a return on equity of 24.71% and a net margin of 25.94%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the business earned $3.57 EPS.

Warrior Met Coal Stock Performance

Shares of HCC traded up $0.82 on Friday, reaching $66.23. 621,682 shares of the stock traded hands, compared to its average volume of 793,044. The stock’s 50-day moving average price is $60.90 and its 200-day moving average price is $58.58. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.86 and a quick ratio of 5.99. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 7.97 and a beta of 1.05. Warrior Met Coal has a 12 month low of $31.97 and a 12 month high of $71.91.

Warrior Met Coal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Monday, May 6th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.48%. Warrior Met Coal’s dividend payout ratio is currently 3.85%.

Wall Street Analysts Forecast Growth

HCC has been the topic of several analyst reports. Citigroup raised shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and increased their target price for the stock from $60.00 to $75.00 in a research report on Thursday, April 11th. BMO Capital Markets upped their price target on shares of Warrior Met Coal from $62.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday. B. Riley lifted their price objective on Warrior Met Coal from $87.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday. UBS Group assumed coverage on Warrior Met Coal in a research note on Tuesday, January 16th. They set a “neutral” rating and a $68.00 target price for the company. Finally, Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a research report on Thursday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Warrior Met Coal presently has an average rating of “Moderate Buy” and an average target price of $72.80.

Insider Buying and Selling

In other Warrior Met Coal news, Director Alan H. Schumacher purchased 2,000 shares of the stock in a transaction on Friday, February 23rd. The shares were purchased at an average price of $58.15 per share, with a total value of $116,300.00. Following the acquisition, the director now directly owns 30,270 shares of the company’s stock, valued at approximately $1,760,200.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.00% of the stock is owned by company insiders.

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.