Warrior Met Coal, Inc. (NYSE:HCC – Get Rating) – Analysts at B. Riley boosted their Q1 2023 earnings per share (EPS) estimates for Warrior Met Coal in a research note issued on Thursday, August 4th. B. Riley analyst L. Pipes now forecasts that the company will post earnings of $1.68 per share for the quarter, up from their prior forecast of $1.64. The consensus estimate for Warrior Met Coal’s current full-year earnings is $11.30 per share. B. Riley also issued estimates for Warrior Met Coal’s Q2 2023 earnings at $1.68 EPS, Q3 2023 earnings at $1.28 EPS and Q4 2023 earnings at $1.30 EPS.
Several other research firms have also weighed in on HCC. Jefferies Financial Group upgraded Warrior Met Coal from a “hold” rating to a “buy” rating and lifted their target price for the stock from $36.00 to $50.00 in a report on Tuesday, June 7th. Clarkson Capital restated a “buy” rating on shares of Warrior Met Coal in a report on Tuesday, June 14th. Finally, BMO Capital Markets lowered Warrior Met Coal from an “outperform” rating to a “market perform” rating and cut their price target for the company from $45.00 to $37.00 in a report on Thursday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Warrior Met Coal currently has a consensus rating of “Hold” and a consensus price target of $39.75.
Warrior Met Coal Stock Performance
Warrior Met Coal (NYSE:HCC – Get Rating) last posted its earnings results on Thursday, May 5th. The company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.55. The firm had revenue of $378.65 million for the quarter, compared to analyst estimates of $412.66 million. Warrior Met Coal had a return on equity of 76.60% and a net margin of 38.24%. The company’s revenue for the quarter was up 77.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 earnings per share.
Warrior Met Coal Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 18th. Investors of record on Thursday, August 11th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $0.24 annualized dividend and a yield of 0.82%. Warrior Met Coal’s payout ratio is presently 2.00%.
Insider Buying and Selling
In related news, CAO Brian M. Chopin sold 8,500 shares of the company’s stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $34.00, for a total transaction of $289,000.00. Following the sale, the chief accounting officer now owns 6,545 shares in the company, valued at $222,530. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Warrior Met Coal
A number of institutional investors have recently bought and sold shares of HCC. Vanguard Group Inc. grew its position in shares of Warrior Met Coal by 5.0% in the first quarter. Vanguard Group Inc. now owns 6,410,218 shares of the company’s stock valued at $237,884,000 after purchasing an additional 307,308 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Warrior Met Coal by 74.7% in the first quarter. Renaissance Technologies LLC now owns 2,125,379 shares of the company’s stock valued at $78,873,000 after purchasing an additional 909,000 shares during the last quarter. L1 Capital Pty Ltd grew its position in shares of Warrior Met Coal by 14.3% in the fourth quarter. L1 Capital Pty Ltd now owns 1,952,128 shares of the company’s stock valued at $50,189,000 after purchasing an additional 243,917 shares during the last quarter. State Street Corp grew its position in shares of Warrior Met Coal by 3.2% in the first quarter. State Street Corp now owns 1,851,496 shares of the company’s stock valued at $68,709,000 after purchasing an additional 57,343 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Warrior Met Coal by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,738,554 shares of the company’s stock valued at $64,518,000 after purchasing an additional 78,124 shares during the last quarter. Institutional investors and hedge funds own 90.16% of the company’s stock.
About Warrior Met Coal
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.
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