Warrior Met Coal, Inc. (NYSE:HCC) Announces Quarterly Dividend of $0.08

Warrior Met Coal, Inc. (NYSE:HCC) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Monday, May 6th will be given a dividend of 0.08 per share on Monday, May 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Friday, May 3rd.

Warrior Met Coal has raised its dividend payment by an average of 11.9% annually over the last three years and has raised its dividend every year for the last 3 years.

Warrior Met Coal Stock Up 0.8 %

NYSE:HCC traded up $0.58 during mid-day trading on Friday, reaching $70.13. The stock had a trading volume of 1,113,320 shares, compared to its average volume of 704,879. The company has a debt-to-equity ratio of 0.10, a current ratio of 7.24 and a quick ratio of 5.99. The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of 7.62 and a beta of 1.09. Warrior Met Coal has a 1-year low of $31.97 and a 1-year high of $70.55. The stock’s 50 day simple moving average is $59.83 and its two-hundred day simple moving average is $57.95.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, February 14th. The company reported $2.49 EPS for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.67). Warrior Met Coal had a net margin of 28.55% and a return on equity of 28.99%. The company had revenue of $363.80 million during the quarter, compared to analyst estimates of $393.04 million. During the same quarter in the previous year, the firm earned $1.90 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. Equities analysts anticipate that Warrior Met Coal will post 6.83 EPS for the current year.

Insider Activity

In related news, Director Alan H. Schumacher purchased 2,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was acquired at an average price of $58.15 per share, with a total value of $116,300.00. Following the completion of the acquisition, the director now directly owns 30,270 shares in the company, valued at approximately $1,760,200.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

HCC has been the subject of a number of research analyst reports. Citigroup raised shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and upped their price target for the stock from $60.00 to $75.00 in a research note on Thursday, April 11th. UBS Group started coverage on Warrior Met Coal in a report on Tuesday, January 16th. They set a “neutral” rating and a $68.00 target price on the stock. Finally, B. Riley reduced their price target on Warrior Met Coal from $89.00 to $87.00 and set a “buy” rating for the company in a research report on Monday, April 15th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.60.

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.