Peabody Energy (NYSE:BTU) Posts Earnings Results, Beats Estimates By $0.16 EPS

Peabody Energy (NYSE:BTU) issued its quarterly earnings results on Thursday. The coal producer reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.16, Briefing.com reports. Peabody Energy had a return on equity of 15.35% and a net margin of 12.69%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the firm earned $0.80 EPS. The business’s revenue for the quarter was up .8% compared to the same quarter last year.

Peabody Energy Stock Up 8.9 %

Shares of NYSE:BTU traded up $2.19 during trading on Thursday, hitting $26.88. The stock had a trading volume of 2,912,417 shares, compared to its average volume of 2,976,596. Peabody Energy has a 12 month low of $20.21 and a 12 month high of $27.29. The company has a market capitalization of $3.42 billion, a PE ratio of 7.50 and a beta of 0.96. The firm’s fifty day moving average is $24.13 and its 200 day moving average is $23.29. The company has a quick ratio of 1.92, a current ratio of 2.49 and a debt-to-equity ratio of 0.09.

Peabody Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 14th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.12%. Peabody Energy’s dividend payout ratio is presently 8.36%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BTU. B. Riley upped their target price on Peabody Energy from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. BMO Capital Markets upped their target price on Peabody Energy from $25.00 to $26.00 and gave the stock a “market perform” rating in a research note on Thursday, October 10th.

About Peabody Energy

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.