Research Analysts Issue Forecasts for HCC FY2024 Earnings

Warrior Met Coal, Inc. (NYSE:HCC) – Equities research analysts at B. Riley decreased their FY2024 EPS estimates for Warrior Met Coal in a research note issued on Thursday, January 30th. B. Riley analyst N. Giles now expects that the company will post earnings per share of $5.30 for the year, down from their prior estimate of $5.62. B. Riley currently has a “Buy” rating and a $90.00 price objective on the stock. The consensus estimate for Warrior Met Coal’s current full-year earnings is $5.62 per share. B. Riley also issued estimates for Warrior Met Coal’s FY2026 earnings at $10.84 EPS.

Separately, Jefferies Financial Group lowered their price target on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $75.00.

Warrior Met Coal Stock Down 1.2 %

HCC stock opened at $52.81 on Friday. The firm has a market capitalization of $2.76 billion, a PE ratio of 7.29 and a beta of 1.09. The company has a quick ratio of 4.67, a current ratio of 5.81 and a debt-to-equity ratio of 0.09. Warrior Met Coal has a twelve month low of $49.97 and a twelve month high of $75.53. The stock’s 50 day moving average is $58.25 and its 200-day moving average is $61.01.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.40. The business had revenue of $327.72 million during the quarter, compared to the consensus estimate of $322.21 million. Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. The company’s quarterly revenue was down 22.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.85 EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC grew its position in shares of Warrior Met Coal by 2.6% during the 4th quarter. Sanctuary Advisors LLC now owns 10,800 shares of the company’s stock valued at $577,000 after acquiring an additional 276 shares during the period. Principal Financial Group Inc. grew its holdings in Warrior Met Coal by 4.6% during the fourth quarter. Principal Financial Group Inc. now owns 311,937 shares of the company’s stock valued at $16,919,000 after purchasing an additional 13,629 shares during the period. Empowered Funds LLC grew its holdings in Warrior Met Coal by 7.2% during the fourth quarter. Empowered Funds LLC now owns 231,227 shares of the company’s stock valued at $12,542,000 after purchasing an additional 15,560 shares during the period. Graham Capital Wealth Management LLC increased its position in Warrior Met Coal by 0.6% in the fourth quarter. Graham Capital Wealth Management LLC now owns 47,818 shares of the company’s stock worth $2,594,000 after buying an additional 273 shares during the last quarter. Finally, Financial Strategies Group Inc. raised its stake in shares of Warrior Met Coal by 26.0% in the fourth quarter. Financial Strategies Group Inc. now owns 14,241 shares of the company’s stock valued at $718,000 after buying an additional 2,935 shares during the period. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Company Profile

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.