Peabody Energy Co. (NYSE:BTU) – Equities research analysts at Jefferies Financial Group boosted their FY2018 earnings per share (EPS) estimates for Peabody Energy in a research note issued on Monday, October 8th. Jefferies Financial Group analyst C. Lafemina now expects that the coal producer will earn $3.51 per share for the year, up from their previous estimate of $3.35. Jefferies Financial Group also issued estimates for Peabody Energy’s FY2019 earnings at $3.00 EPS.
Peabody Energy (NYSE:BTU) last posted its earnings results on Tuesday, July 24th. The coal producer reported $0.93 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.12). The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.36 billion. Peabody Energy had a return on equity of 24.59% and a net margin of 15.71%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the company posted ($0.18) EPS.
Other analysts also recently issued research reports about the stock. B. Riley dropped their target price on shares of Peabody Energy to $45.00 and set a “buy” rating for the company in a research report on Monday, October 1st. Zacks Investment Research downgraded shares of Peabody Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. Macquarie dropped their target price on shares of Peabody Energy from $49.00 to $36.00 and set a “hold” rating for the company in a research report on Monday, October 1st. Clarkson Capital downgraded shares of Peabody Energy from a “buy” rating to a “hold” rating and set a $47.00 target price for the company. in a research report on Friday, September 28th. Finally, Seaport Global Securities downgraded shares of Peabody Energy from a “buy” rating to a “neutral” rating in a research report on Friday, September 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $43.90.
BTU opened at $35.04 on Thursday. The company has a market cap of $4.34 billion, a P/E ratio of 7.47 and a beta of 0.93. Peabody Energy has a 1 year low of $28.08 and a 1 year high of $47.84. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.28 and a quick ratio of 2.01.
A number of large investors have recently modified their holdings of the business. Rhumbline Advisers boosted its stake in shares of Peabody Energy by 21.4% during the 2nd quarter. Rhumbline Advisers now owns 82,819 shares of the coal producer’s stock valued at $3,767,000 after buying an additional 14,589 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of Peabody Energy during the 2nd quarter valued at approximately $3,748,000. Guggenheim Capital LLC boosted its stake in shares of Peabody Energy by 23.3% during the 1st quarter. Guggenheim Capital LLC now owns 12,785 shares of the coal producer’s stock valued at $466,000 after buying an additional 2,412 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Peabody Energy by 197.8% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 64,687 shares of the coal producer’s stock valued at $2,942,000 after buying an additional 42,962 shares during the last quarter. Finally, GAM Holding AG purchased a new position in shares of Peabody Energy during the 2nd quarter valued at approximately $435,000. 99.30% of the stock is owned by institutional investors.
In other Peabody Energy news, insider George John Schuller, Jr. sold 12,312 shares of the stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $41.13, for a total value of $506,392.56. Following the completion of the sale, the insider now owns 55,627 shares of the company’s stock, valued at $2,287,938.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Charles F. Meintjes sold 35,000 shares of the stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $42.10, for a total transaction of $1,473,500.00. Following the completion of the sale, the executive vice president now directly owns 170,910 shares of the company’s stock, valued at approximately $7,195,311. The disclosure for this sale can be found here. 0.42% of the stock is owned by company insiders.
About Peabody Energy
Peabody Energy Corporation engages in coal mining business. The company operates through six segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, and Trading and Brokerage. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; and metallurgical coal that include hard coking coal, semi-hard coking coal, semi-soft coking coal, and low-volatile pulverized coal injection for industrial customers.
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