Peabody Energy Co. to Post Q2 2024 Earnings of $0.55 Per Share, B. Riley Forecasts (NYSE:BTU)

Peabody Energy Co. (NYSE:BTU) – Equities researchers at B. Riley lowered their Q2 2024 earnings per share (EPS) estimates for Peabody Energy in a research report issued on Friday, May 3rd. B. Riley analyst L. Pipes now anticipates that the coal producer will post earnings per share of $0.55 for the quarter, down from their prior forecast of $0.71. B. Riley currently has a “Buy” rating and a $31.00 target price on the stock. The consensus estimate for Peabody Energy’s current full-year earnings is $2.45 per share. B. Riley also issued estimates for Peabody Energy’s Q3 2024 earnings at $0.66 EPS and Q4 2024 earnings at $0.76 EPS.

BTU has been the subject of a number of other reports. Benchmark reissued a “buy” rating and issued a $28.00 price target on shares of Peabody Energy in a report on Friday, May 3rd. BMO Capital Markets reduced their target price on shares of Peabody Energy from $25.00 to $24.00 and set a “market perform” rating on the stock in a report on Friday, May 3rd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $28.25.

Peabody Energy Trading Up 0.3 %

Shares of Peabody Energy stock opened at $21.94 on Monday. Peabody Energy has a 1 year low of $17.71 and a 1 year high of $27.24. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.36 and a quick ratio of 1.86. The business has a 50 day moving average price of $24.01 and a 200 day moving average price of $24.29. The company has a market capitalization of $2.79 billion, a P/E ratio of 6.11 and a beta of 1.01.

Peabody Energy (NYSE:BTU) last announced its earnings results on Thursday, May 2nd. The coal producer reported $0.30 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.30. The company had revenue of $983.60 million during the quarter, compared to analysts’ expectations of $980.03 million. Peabody Energy had a net margin of 11.62% and a return on equity of 14.98%. The firm’s quarterly revenue was down 27.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.69 earnings per share.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its stake in shares of Peabody Energy by 84.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,240 shares of the coal producer’s stock valued at $32,000 after acquiring an additional 568 shares during the period. Federated Hermes Inc. raised its position in Peabody Energy by 17,075.0% in the third quarter. Federated Hermes Inc. now owns 1,374 shares of the coal producer’s stock valued at $36,000 after purchasing an additional 1,366 shares during the period. Daiwa Securities Group Inc. acquired a new position in shares of Peabody Energy during the fourth quarter worth about $36,000. TFO Wealth Partners LLC lifted its stake in shares of Peabody Energy by 48,475.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,943 shares of the coal producer’s stock worth $47,000 after purchasing an additional 1,939 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Peabody Energy in the third quarter worth about $70,000. 87.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Nicholas J. Chirekos sold 14,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $25.50, for a total transaction of $357,000.00. Following the completion of the transaction, the director now owns 24,279 shares of the company’s stock, valued at approximately $619,114.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Peabody Energy news, CFO Mark Spurbeck sold 6,826 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $24.57, for a total transaction of $167,714.82. Following the completion of the sale, the chief financial officer now directly owns 75,464 shares in the company, valued at $1,854,150.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nicholas J. Chirekos sold 14,000 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $25.50, for a total value of $357,000.00. Following the sale, the director now owns 24,279 shares of the company’s stock, valued at approximately $619,114.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,806 shares of company stock worth $1,339,565. 0.40% of the stock is owned by company insiders.

Peabody Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Thursday, May 16th will be paid a $0.075 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $0.30 annualized dividend and a yield of 1.37%. Peabody Energy’s payout ratio is currently 8.36%.

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.