Q3 2024 EPS Estimates for Peabody Energy Co. Cut by B. Riley (NYSE:BTU)

Peabody Energy Co. (NYSE:BTU) – Stock analysts at B. Riley dropped their Q3 2024 earnings per share estimates for Peabody Energy in a research report issued to clients and investors on Wednesday, October 9th. B. Riley analyst L. Pipes now expects that the coal producer will post earnings per share of $0.67 for the quarter, down from their prior forecast of $0.68. B. Riley has a “Buy” rating and a $34.00 price target on the stock. The consensus estimate for Peabody Energy’s current full-year earnings is $3.11 per share.

Peabody Energy (NYSE:BTU) last issued its earnings results on Thursday, August 1st. The coal producer reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.90. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1 billion. Peabody Energy had a net margin of 12.69% and a return on equity of 15.35%.

Separately, BMO Capital Markets lifted their target price on Peabody Energy from $25.00 to $26.00 and gave the company a “market perform” rating in a research report on Thursday.

Peabody Energy Stock Up 3.9 %

Shares of BTU opened at $26.77 on Friday. The firm has a 50 day simple moving average of $23.23 and a two-hundred day simple moving average of $23.13. The company has a market cap of $3.41 billion, a P/E ratio of 7.46 and a beta of 0.96. Peabody Energy has a one year low of $20.21 and a one year high of $27.24. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.49 and a quick ratio of 1.92.

Peabody Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were given a dividend of $0.075 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.30 dividend on an annualized basis and a yield of 1.12%. Peabody Energy’s dividend payout ratio is currently 8.36%.

Hedge Funds Weigh In On Peabody Energy

A number of institutional investors and hedge funds have recently bought and sold shares of BTU. Exchange Traded Concepts LLC increased its stake in shares of Peabody Energy by 15.1% in the third quarter. Exchange Traded Concepts LLC now owns 20,293 shares of the coal producer’s stock valued at $539,000 after buying an additional 2,665 shares during the period. Cypress Wealth Services LLC acquired a new position in Peabody Energy in the 3rd quarter valued at approximately $204,000. GAMMA Investing LLC raised its stake in shares of Peabody Energy by 292.6% during the third quarter. GAMMA Investing LLC now owns 2,057 shares of the coal producer’s stock valued at $55,000 after acquiring an additional 1,533 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Peabody Energy by 163.1% during the third quarter. SG Americas Securities LLC now owns 15,363 shares of the coal producer’s stock worth $408,000 after purchasing an additional 9,523 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in shares of Peabody Energy in the second quarter worth $768,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

Peabody Energy Company Profile

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Brazil, Belgium, Chile, France, Indonesia, China, Vietnam, South Korea, Germany, and internationally. The company operates through Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S.