Q3 2024 Earnings Estimate for Peabody Energy Co. (NYSE:BTU) Issued By B. Riley

Peabody Energy Co. (NYSE:BTU) – Equities research analysts at B. Riley reduced their Q3 2024 EPS estimates for shares of Peabody Energy in a research report issued on Tuesday, October 1st. B. Riley analyst L. Pipes now anticipates that the coal producer will post earnings of $0.68 per share for the quarter, down from their prior estimate of $0.74. B. Riley has a “Buy” rating and a $34.00 price objective on the stock. The consensus estimate for Peabody Energy’s current full-year earnings is $3.11 per share.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings results on Thursday, August 1st. The coal producer reported $1.43 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.90. Peabody Energy had a net margin of 12.69% and a return on equity of 15.35%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1 billion.

Peabody Energy Stock Performance

NYSE BTU opened at $26.33 on Wednesday. The business’s 50 day moving average price is $22.74 and its 200-day moving average price is $23.05. Peabody Energy has a fifty-two week low of $20.21 and a fifty-two week high of $27.24. The company has a market cap of $3.35 billion, a P/E ratio of 7.33 and a beta of 0.95. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.92 and a current ratio of 2.49.

Hedge Funds Weigh In On Peabody Energy

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Peabody Energy by 21.5% in the first quarter. Vanguard Group Inc. now owns 13,957,602 shares of the coal producer’s stock worth $338,611,000 after purchasing an additional 2,473,286 shares during the last quarter. Thomist Capital Management LP lifted its stake in shares of Peabody Energy by 483.0% during the 1st quarter. Thomist Capital Management LP now owns 2,024,769 shares of the coal producer’s stock worth $49,121,000 after acquiring an additional 1,677,448 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Peabody Energy by 4,386.6% during the 1st quarter. Principal Financial Group Inc. now owns 646,648 shares of the coal producer’s stock valued at $15,688,000 after acquiring an additional 632,235 shares during the period. Boston Partners grew its position in Peabody Energy by 9.2% in the 1st quarter. Boston Partners now owns 7,348,251 shares of the coal producer’s stock valued at $178,118,000 after acquiring an additional 618,395 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Peabody Energy by 20.2% in the second quarter. American Century Companies Inc. now owns 3,165,258 shares of the coal producer’s stock worth $70,016,000 after purchasing an additional 531,440 shares during the period. 87.44% of the stock is owned by hedge funds and other institutional investors.

Peabody Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Thursday, August 15th. Peabody Energy’s dividend payout ratio is currently 8.36%.

About Peabody Energy

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Brazil, Belgium, Chile, France, Indonesia, China, Vietnam, South Korea, Germany, and internationally. The company operates through Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S.