Peabody Energy Co. (BTU) to Issue Quarterly Dividend of $0.08 on June 5th

Peabody Energy Co. (NYSE:BTU) announced a quarterly dividend on Thursday, May 2nd, RTT News reports. Shareholders of record on Thursday, May 16th will be given a dividend of 0.075 per share by the coal producer on Wednesday, June 5th. This represents a $0.30 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Wednesday, May 15th.

Peabody Energy has a payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Peabody Energy to earn $2.94 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 10.2%.

Peabody Energy Stock Up 2.4 %

BTU stock opened at $22.06 on Friday. The firm has a 50-day moving average of $24.19 and a two-hundred day moving average of $24.38. Peabody Energy has a 12 month low of $17.71 and a 12 month high of $27.24. The company has a current ratio of 2.06, a quick ratio of 1.70 and a debt-to-equity ratio of 0.09. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 4.43 and a beta of 1.01.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings results on Thursday, May 2nd. The coal producer reported $0.30 earnings per share for the quarter, meeting the consensus estimate of $0.30. Peabody Energy had a net margin of 15.36% and a return on equity of 21.45%. The business had revenue of $983.60 million during the quarter, compared to analysts’ expectations of $980.03 million. During the same quarter in the prior year, the company posted $1.69 EPS. The business’s revenue for the quarter was down 27.9% on a year-over-year basis. As a group, analysts forecast that Peabody Energy will post 3.07 earnings per share for the current fiscal year.

Insider Activity at Peabody Energy

In related news, COO Darren Ronald Yeates sold 31,980 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $25.48, for a total value of $814,850.40. Following the sale, the chief operating officer now owns 78,307 shares in the company, valued at approximately $1,995,262.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Mark Spurbeck sold 6,826 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $24.57, for a total value of $167,714.82. Following the sale, the chief financial officer now owns 75,464 shares in the company, valued at approximately $1,854,150.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Darren Ronald Yeates sold 31,980 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $25.48, for a total value of $814,850.40. Following the sale, the chief operating officer now owns 78,307 shares in the company, valued at approximately $1,995,262.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,806 shares of company stock worth $1,339,565. 0.09% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

BTU has been the subject of several analyst reports. BMO Capital Markets dropped their price target on shares of Peabody Energy from $25.00 to $24.00 and set a “market perform” rating for the company in a research note on Friday. B. Riley dropped their price target on shares of Peabody Energy from $32.00 to $31.00 and set a “buy” rating for the company in a research note on Friday. Finally, Benchmark reissued a “buy” rating and issued a $28.00 price target on shares of Peabody Energy in a research note on Friday. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $28.25.

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.