Research Analysts Offer Predictions for HCC FY2024 Earnings

Warrior Met Coal, Inc. (NYSE:HCC) – Investment analysts at B. Riley reduced their FY2024 earnings estimates for shares of Warrior Met Coal in a research report issued to clients and investors on Thursday, January 30th. B. Riley analyst N. Giles now expects that the company will post earnings of $5.30 per share for the year, down from their prior estimate of $5.62. B. Riley currently has a “Buy” rating and a $90.00 target price on the stock. The consensus estimate for Warrior Met Coal’s current full-year earnings is $5.62 per share. B. Riley also issued estimates for Warrior Met Coal’s FY2026 earnings at $10.84 EPS.

Separately, Jefferies Financial Group dropped their target price on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Warrior Met Coal presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.00.

Warrior Met Coal Price Performance

Warrior Met Coal stock opened at $53.46 on Friday. The company has a current ratio of 5.81, a quick ratio of 4.67 and a debt-to-equity ratio of 0.09. The company has a fifty day simple moving average of $58.60 and a 200-day simple moving average of $61.15. The stock has a market cap of $2.80 billion, a P/E ratio of 7.38 and a beta of 1.09. Warrior Met Coal has a 12-month low of $49.97 and a 12-month high of $75.53.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.40. The firm had revenue of $327.72 million for the quarter, compared to analyst estimates of $322.21 million. Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. Warrior Met Coal’s revenue was down 22.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.85 EPS.

Hedge Funds Weigh In On Warrior Met Coal

A number of hedge funds have recently made changes to their positions in HCC. Empowered Funds LLC grew its stake in shares of Warrior Met Coal by 7.2% in the fourth quarter. Empowered Funds LLC now owns 231,227 shares of the company’s stock valued at $12,542,000 after buying an additional 15,560 shares in the last quarter. Graham Capital Wealth Management LLC raised its stake in shares of Warrior Met Coal by 0.6% during the fourth quarter. Graham Capital Wealth Management LLC now owns 47,818 shares of the company’s stock valued at $2,594,000 after purchasing an additional 273 shares during the period. Financial Strategies Group Inc. lifted its position in shares of Warrior Met Coal by 26.0% during the fourth quarter. Financial Strategies Group Inc. now owns 14,241 shares of the company’s stock worth $718,000 after purchasing an additional 2,935 shares in the last quarter. BTC Capital Management Inc. boosted its stake in shares of Warrior Met Coal by 10.5% in the fourth quarter. BTC Capital Management Inc. now owns 9,606 shares of the company’s stock valued at $521,000 after purchasing an additional 915 shares during the period. Finally, KBC Group NV increased its stake in Warrior Met Coal by 25.0% during the 4th quarter. KBC Group NV now owns 2,139 shares of the company’s stock worth $116,000 after buying an additional 428 shares during the period. Institutional investors and hedge funds own 92.28% 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.