Warrior Met Coal (NYSE:HCC) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Warrior Met Coal (NYSE:HCC) posted its quarterly earnings data on Thursday. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.03), FiscalAI reports. Warrior Met Coal had a return on equity of 2.01% and a net margin of 2.87%.The company had revenue of $383.99 million for the quarter, compared to the consensus estimate of $381.72 million.

Warrior Met Coal Trading Down 5.1%

HCC traded down $4.63 during midday trading on Thursday, reaching $86.01. 1,197,279 shares of the company’s stock traded hands, compared to its average volume of 967,031. Warrior Met Coal has a 52 week low of $38.00 and a 52 week high of $105.35. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.13 and a quick ratio of 3.00. The firm has a fifty day moving average of $90.43 and a two-hundred day moving average of $73.93. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 128.38 and a beta of 0.65.

Warrior Met Coal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 23rd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, February 23rd. Warrior Met Coal’s payout ratio is currently 47.76%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HCC. Wall Street Zen lowered Warrior Met Coal from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. B. Riley Financial reissued a “buy” rating on shares of Warrior Met Coal in a report on Thursday, November 6th. BMO Capital Markets upped their target price on Warrior Met Coal from $65.00 to $72.00 and gave the stock a “market perform” rating in a research note on Thursday, November 6th. Zacks Research downgraded shares of Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Finally, UBS Group set a $108.00 price objective on shares of Warrior Met Coal and gave the stock a “buy” rating in a report on Thursday, January 29th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Warrior Met Coal presently has a consensus rating of “Hold” and an average target price of $93.50.

Insider Buying and Selling

In related news, CEO Walter J. Scheller sold 100,000 shares of Warrior Met Coal stock in a transaction on Monday, January 12th. The shares were sold at an average price of $100.31, for a total value of $10,031,000.00. Following the sale, the chief executive officer owned 294,183 shares in the company, valued at $29,509,496.73. The trade was a 25.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kelli K. Gant sold 10,000 shares of the business’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $100.00, for a total transaction of $1,000,000.00. Following the transaction, the insider directly owned 70,580 shares in the company, valued at approximately $7,058,000. The trade was a 12.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Warrior Met Coal

A number of large investors have recently modified their holdings of the stock. Parallel Advisors LLC raised its holdings in shares of Warrior Met Coal by 272.1% during the 4th quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock worth $36,000 after acquiring an additional 302 shares in the last quarter. California State Teachers Retirement System increased its position in Warrior Met Coal by 0.7% in the second quarter. California State Teachers Retirement System now owns 48,341 shares of the company’s stock worth $2,215,000 after purchasing an additional 337 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Warrior Met Coal during the fourth quarter valued at $31,000. Hsbc Holdings PLC raised its stake in Warrior Met Coal by 7.7% during the second quarter. Hsbc Holdings PLC now owns 6,479 shares of the company’s stock valued at $300,000 after purchasing an additional 464 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Warrior Met Coal by 217.2% during the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock valued at $31,000 after purchasing an additional 467 shares during the last quarter. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Company Profile

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.