Q3 2024 EPS Estimates for Warrior Met Coal, Inc. Cut by Analyst (NYSE:HCC)

Warrior Met Coal, Inc. (NYSE:HCC) – Equities researchers at B. Riley dropped their Q3 2024 EPS estimates for shares of Warrior Met Coal in a note issued to investors on Monday, April 15th. B. Riley analyst L. Pipes now forecasts that the company will post earnings of $1.75 per share for the quarter, down from their previous estimate of $2.02. B. Riley currently has a “Buy” rating and a $87.00 price target on the stock. The consensus estimate for Warrior Met Coal’s current full-year earnings is $8.41 per share. B. Riley also issued estimates for Warrior Met Coal’s Q4 2024 earnings at $1.71 EPS.

Several other equities research analysts have also issued reports on HCC. Citigroup raised shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and lifted their price target for the company from $60.00 to $75.00 in a report on Thursday, April 11th. UBS Group initiated coverage on shares of Warrior Met Coal in a report on Tuesday, January 16th. They set a “neutral” rating and a $68.00 target price on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $67.60.

Warrior Met Coal Trading Up 1.6 %

Shares of Warrior Met Coal stock opened at $66.12 on Wednesday. The firm has a market capitalization of $3.46 billion, a PE ratio of 7.19 and a beta of 1.09. The company has a current ratio of 7.24, a quick ratio of 5.99 and a debt-to-equity ratio of 0.10. The firm’s 50 day moving average is $58.85 and its 200 day moving average is $57.22. Warrior Met Coal has a 1 year low of $31.97 and a 1 year high of $69.97.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $2.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.16 by ($0.67). The company had revenue of $363.80 million for the quarter, compared to the consensus estimate of $393.04 million. Warrior Met Coal had a net margin of 28.55% and a return on equity of 28.99%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $1.90 earnings per share.

Warrior Met Coal Dividend Announcement

The company also recently disclosed a None dividend, which was paid on Thursday, March 7th. Stockholders of record on Friday, March 1st were paid a $0.50 dividend. The ex-dividend date was Thursday, February 29th. Warrior Met Coal’s dividend payout ratio is currently 3.48%.

Insider Transactions at Warrior Met Coal

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

Hedge Funds Weigh In On Warrior Met Coal

Institutional investors and hedge funds have recently made changes to their positions in the stock. USA Financial Formulas bought a new position in shares of Warrior Met Coal during the 4th quarter worth about $25,000. Millburn Ridgefield Corp bought a new position in shares of Warrior Met Coal during the 3rd quarter worth about $32,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Warrior Met Coal during the 4th quarter worth about $38,000. Lazard Asset Management LLC lifted its position in Warrior Met Coal by 117.7% in the 3rd quarter. Lazard Asset Management LLC now owns 899 shares of the company’s stock valued at $45,000 after acquiring an additional 486 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position in Warrior Met Coal by 79.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $61,000 after acquiring an additional 442 shares in the last quarter. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Company Profile

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.