Warrior Met Coal, Inc. (NYSE:HCC) Expected to Post Q1 2024 Earnings of $2.02 Per Share

Warrior Met Coal, Inc. (NYSE:HCC) – Equities research analysts at B. Riley decreased their Q1 2024 earnings estimates for shares of Warrior Met Coal in a research note issued on Monday, April 15th. B. Riley analyst L. Pipes now forecasts that the company will post earnings per share of $2.02 for the quarter, down from their prior forecast of $2.39. B. Riley has a “Buy” rating and a $87.00 price objective on the stock. The consensus estimate for Warrior Met Coal’s current full-year earnings is $6.83 per share. B. Riley also issued estimates for Warrior Met Coal’s Q2 2024 earnings at $0.62 EPS and FY2024 earnings at $6.10 EPS.

HCC has been the topic of several other research reports. Citigroup upgraded 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 assumed coverage on shares of 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. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Warrior Met Coal currently has a consensus rating of “Moderate Buy” and an average target price of $67.60.

Warrior Met Coal Price Performance

HCC opened at $66.98 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 5.99 and a current ratio of 7.24. The stock has a market capitalization of $3.50 billion, a PE ratio of 7.28 and a beta of 1.09. The stock’s 50 day moving average price is $59.01 and its 200-day moving average price is $57.33. Warrior Met Coal has a 52-week low of $31.97 and a 52-week high of $69.97.

Warrior Met Coal (NYSE:HCC) last posted its 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). Warrior Met Coal had a return on equity of 28.99% and a net margin of 28.55%. The business had revenue of $363.80 million during the quarter, compared to the consensus estimate of $393.04 million. During the same period in the previous year, the business earned $1.90 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year.

Hedge Funds Weigh In On Warrior Met Coal

Several institutional investors and hedge funds have recently modified their holdings of HCC. USA Financial Formulas bought a new position in Warrior Met Coal in the 4th quarter worth about $25,000. Millburn Ridgefield Corp purchased a new stake in shares of Warrior Met Coal during the third quarter valued at approximately $32,000. McGlone Suttner Wealth Management Inc. purchased a new position in Warrior Met Coal in the 4th quarter worth approximately $38,000. Lazard Asset Management LLC raised its holdings in Warrior Met Coal by 117.7% in the 3rd quarter. Lazard Asset Management LLC now owns 899 shares of the company’s stock worth $45,000 after acquiring an additional 486 shares during 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. 92.28% of the stock is currently owned by institutional investors.

Insider Activity

In other Warrior Met Coal news, Director Alan H. Schumacher bought 2,000 shares of the stock in a transaction dated 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 completion of the acquisition, the director now owns 30,270 shares of the company’s stock, valued at $1,760,200.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

Warrior Met Coal Dividend Announcement

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

About Warrior Met Coal

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.