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) – Equities researchers at B. Riley boosted their Q2 2024 earnings per share (EPS) estimates for Warrior Met Coal in a research report issued 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 previous forecast of $0.62. B. Riley has a “Buy” rating and a $91.00 price target 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.

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

A number of other research firms have also recently issued reports on HCC. Citigroup upgraded Warrior Met Coal from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $60.00 to $75.00 in a report on Thursday, April 11th. BMO Capital Markets boosted their target price on 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. UBS Group assumed coverage on Warrior Met Coal in a research note on Tuesday, January 16th. They issued a “neutral” rating and a $68.00 target price for the company. Finally, Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research note on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.80.

Warrior Met Coal Price Performance

HCC opened at $66.07 on Monday. The stock has a 50-day moving average price of $61.15 and a 200-day moving average price of $58.97. Warrior Met Coal has a 12-month low of $31.97 and a 12-month high of $71.91. The company has a current ratio of 6.86, a quick ratio of 5.85 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $3.46 billion, a P/E ratio of 7.95 and a beta of 1.05.

Institutional Trading of Warrior Met Coal

Several institutional investors have recently added to or reduced their stakes in HCC. Cambridge Investment Research Advisors Inc. purchased a new stake in Warrior Met Coal during the 3rd quarter valued at $224,000. Raymond James & Associates bought a new position in shares of Warrior Met Coal during the 3rd quarter valued at $433,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Warrior Met Coal by 27.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,422 shares of the company’s stock valued at $583,000 after buying an additional 2,428 shares during the period. Yorktown Management & Research Co Inc bought a new position in shares of Warrior Met Coal during the 3rd quarter valued at $383,000. Finally, Kendall Capital Management lifted its holdings in shares of Warrior Met Coal by 27.6% during the 3rd quarter. Kendall Capital Management now owns 13,865 shares of the company’s stock valued at $708,000 after buying an additional 3,000 shares during the period. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Alan H. Schumacher purchased 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average price of $58.15 per share, for a total transaction of $116,300.00. Following the purchase, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Warrior Met Coal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Monday, May 6th will be issued a dividend of $0.08 per share. The ex-dividend date 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 (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.