Shares of Warrior Met Coal, Inc. (NYSE:HCC – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $72.80.
A number of research firms have recently commented on HCC. B. Riley raised their price target on Warrior Met Coal from $87.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Citigroup raised Warrior Met Coal from a “neutral” rating to a “buy” rating and lifted their target price for the company from $60.00 to $75.00 in a research report on Thursday, April 11th. BMO Capital Markets lifted their target price on Warrior Met Coal from $62.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Finally, Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research note on Thursday, May 2nd.
Get Our Latest Research Report on HCC
Warrior Met Coal Price Performance
Warrior Met Coal (NYSE:HCC – Get Free Report) last released its earnings results on Wednesday, May 1st. The company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.61. Warrior Met Coal had a return on equity of 24.71% and a net margin of 25.94%. The firm had revenue of $503.50 million for the quarter, compared to analyst estimates of $474.99 million. During the same quarter in the prior year, the firm posted $3.57 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, research analysts anticipate that Warrior Met Coal will post 6.98 earnings per share for the current year.
Warrior Met Coal Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, May 13th. Investors of record on Monday, May 6th were paid a $0.08 dividend. The ex-dividend date was Friday, May 3rd. This represents a $0.32 annualized dividend and a yield of 0.48%. Warrior Met Coal’s dividend payout ratio (DPR) is presently 3.85%.
Institutional Trading of Warrior Met Coal
Several institutional investors have recently added to or reduced their stakes in HCC. USA Financial Formulas acquired a new position in Warrior Met Coal in the 4th quarter valued at $25,000. McGlone Suttner Wealth Management Inc. acquired a new position in Warrior Met Coal in the 4th quarter valued at $38,000. SYSTM Wealth Solutions LLC acquired a new position in Warrior Met Coal in the 1st quarter valued at $39,000. EntryPoint Capital LLC acquired a new position in Warrior Met Coal in the 1st quarter valued at $54,000. Finally, Quadrant Capital Group LLC raised its holdings in Warrior Met Coal by 79.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $61,000 after acquiring an additional 442 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors.
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.
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