Warrior Met Coal (NYSE:HCC) Announces Earnings Results

Warrior Met Coal (NYSE:HCC) posted its quarterly earnings data on Wednesday. The company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.61, Briefing.com reports. 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 analyst estimates of $474.99 million. During the same period last year, the company posted $3.57 EPS. The business’s quarterly revenue was down 1.2% on a year-over-year basis.

Warrior Met Coal Stock Up 1.3 %

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

Warrior Met Coal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, May 6th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Friday, May 3rd. Warrior Met Coal’s payout ratio is presently 3.85%.

Insider Buying and Selling

In other Warrior Met Coal news, Director Alan H. Schumacher bought 2,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was purchased at an average cost of $58.15 per share, with a total value of $116,300.00. Following the transaction, the director now directly owns 30,270 shares in the company, valued at approximately $1,760,200.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HCC. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a research report on Thursday. BMO Capital Markets lifted 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 research note on Thursday. Citigroup upgraded shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and upped their price objective for the company from $60.00 to $75.00 in a report on Thursday, April 11th. UBS Group began 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, B. Riley upped their price target on Warrior Met Coal from $87.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $72.80.

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.