Warrior Met Coal (HCC) Set to Announce Earnings on Wednesday

Warrior Met Coal (NYSE:HCC) will be posting its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Warrior Met Coal to post earnings of $2.39 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Warrior Met Coal (NYSE:HCC) last issued its quarterly 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 return on equity of 28.99% and a net margin of 28.55%. The firm had revenue of $363.80 million for the quarter, compared to analyst estimates of $393.04 million. During the same period in the prior year, the firm posted $1.90 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. On average, analysts expect Warrior Met Coal to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Warrior Met Coal Stock Performance

Shares of HCC opened at $70.89 on Tuesday. The stock has a 50-day moving average of $60.10 and a two-hundred day moving average of $58.20. Warrior Met Coal has a one year low of $31.97 and a one year high of $71.91. 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 cap of $3.71 billion, a P/E ratio of 7.70 and a beta of 1.09.

Warrior Met Coal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Monday, May 6th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, May 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.45%. Warrior Met Coal’s payout ratio is currently 3.48%.

Insider Activity at Warrior Met Coal

In other Warrior Met Coal news, Director Alan H. Schumacher purchased 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average price of $58.15 per share, for a total transaction of $116,300.00. Following the purchase, the director now directly owns 30,270 shares in the company, valued at $1,760,200.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

HCC has been the subject of a number of recent research reports. Citigroup upgraded Warrior Met Coal from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $60.00 to $75.00 in a research note on Thursday, April 11th. UBS Group initiated coverage on Warrior Met Coal in a research note on Tuesday, January 16th. They set a “neutral” rating and a $68.00 price objective for the company. Finally, B. Riley reduced their price objective on Warrior Met Coal from $89.00 to $87.00 and set a “buy” rating for the company in a research note on Monday, April 15th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.