Q2 2024 Earnings Forecast for Warrior Met Coal, Inc. (NYSE:HCC) Issued By B. Riley

Warrior Met Coal, Inc. (NYSE:HCC) – Equities research analysts at B. Riley boosted their Q2 2024 earnings estimates for shares of Warrior Met Coal in a research note issued on Thursday, May 2nd. B. Riley analyst L. Pipes now forecasts that the company will post earnings per share of $0.66 for the quarter, up from their prior forecast of $0.62. B. Riley has a “Buy” rating and a $91.00 price objective on the stock. The consensus estimate for Warrior Met Coal’s current full-year earnings is $6.98 per share. B. Riley also issued estimates for Warrior Met Coal’s Q3 2024 earnings at $1.45 EPS and FY2024 earnings at $6.34 EPS.

A number of other research analysts also recently issued reports on the stock. Citigroup raised shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $60.00 to $75.00 in a research report on Thursday, April 11th. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research note on Thursday, May 2nd. BMO Capital Markets lifted their price objective on Warrior Met Coal from $62.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Finally, UBS Group began coverage on Warrior Met Coal in a research report on Tuesday, January 16th. They issued a “neutral” rating and a $68.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $72.80.

Warrior Met Coal Price Performance

HCC opened at $64.76 on Monday. The stock’s 50 day moving average price is $60.90 and its 200-day moving average price is $58.72. Warrior Met Coal has a 52-week low of $31.97 and a 52-week high of $71.91. The stock has a market capitalization of $3.39 billion, a PE ratio of 7.79 and a beta of 1.05. The company has a debt-to-equity ratio of 0.10, a quick ratio of 5.85 and a current ratio of 6.86.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.61. Warrior Met Coal had a return on equity of 24.71% and a net margin of 25.94%. The company had revenue of $503.50 million for the quarter, compared to the consensus estimate of $474.99 million. During the same quarter in the previous year, the business earned $3.57 EPS. Warrior Met Coal’s revenue was down 1.2% compared to the same quarter last year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Yousif Capital Management LLC boosted its holdings in Warrior Met Coal by 5.8% in the fourth quarter. Yousif Capital Management LLC now owns 28,584 shares of the company’s stock worth $1,743,000 after purchasing an additional 1,558 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in shares of Warrior Met Coal by 50.0% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 75,000 shares of the company’s stock worth $3,831,000 after buying an additional 25,000 shares during the last quarter. Graham Capital Wealth Management LLC purchased a new position in shares of Warrior Met Coal in the 4th quarter worth $1,773,000. Van ECK Associates Corp grew its holdings in shares of Warrior Met Coal by 34.6% in the fourth quarter. Van ECK Associates Corp now owns 101,883 shares of the company’s stock worth $6,211,000 after acquiring an additional 26,184 shares during the period. Finally, Hosking Partners LLP increased its position in Warrior Met Coal by 19.4% during the third quarter. Hosking Partners LLP now owns 314,865 shares of the company’s stock valued at $16,083,000 after acquiring an additional 51,147 shares during the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Insider Transactions at Warrior Met Coal

In other news, Director Alan H. Schumacher bought 2,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were purchased at an average price of $58.15 per share, for a total transaction of $116,300.00. Following the completion of the purchase, the director now owns 30,270 shares in the company, valued at approximately $1,760,200.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

Warrior Met Coal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Monday, May 6th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.49%. The ex-dividend date is Friday, May 3rd. Warrior Met Coal’s dividend payout ratio (DPR) is 3.85%.

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.