B. Riley Has Negative Outlook for Peabody Energy Q4 Earnings

Peabody Energy Co. (NYSE:BTU) – Investment analysts at B. Riley lowered their Q4 2024 earnings per share (EPS) estimates for shares of Peabody Energy in a research report issued to clients and investors on Thursday, January 30th. B. Riley analyst N. Giles now anticipates that the coal producer will post earnings per share of $0.51 for the quarter, down from their previous estimate of $0.63. The consensus estimate for Peabody Energy’s current full-year earnings is $2.89 per share. B. Riley also issued estimates for Peabody Energy’s FY2025 earnings at $2.86 EPS.

Peabody Energy (NYSE:BTU) last released its earnings results on Thursday, October 31st. The coal producer reported $0.74 EPS for the quarter, beating the consensus estimate of $0.58 by $0.16. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Peabody Energy had a return on equity of 14.74% and a net margin of 12.24%. The business’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 EPS.

Several other brokerages have also recently issued reports on BTU. BMO Capital Markets upgraded Peabody Energy from a “market perform” rating to an “outperform” rating and set a $26.00 price objective on the stock in a research note on Monday, December 16th. Benchmark upped their price objective on Peabody Energy from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Jefferies Financial Group reduced their price target on shares of Peabody Energy from $30.00 to $26.00 and set a “buy” rating for the company in a report on Monday, January 6th.

Peabody Energy Trading Down 1.1 %

NYSE BTU opened at $18.16 on Friday. The company’s fifty day moving average price is $20.92 and its two-hundred day moving average price is $23.05. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 4.80 and a beta of 0.99. Peabody Energy has a 12 month low of $17.73 and a 12 month high of $29.94. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.32 and a quick ratio of 1.75.

Insider Buying and Selling at Peabody Energy

In other news, CFO Mark Spurbeck sold 10,000 shares of Peabody Energy stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $29.52, for a total transaction of $295,200.00. Following the transaction, the chief financial officer now directly owns 65,710 shares in the company, valued at approximately $1,939,759.20. This trade represents a 13.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is owned by company insiders.

Institutional Investors Weigh In On Peabody Energy

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Convergence Investment Partners LLC acquired a new position in shares of Peabody Energy in the fourth quarter worth about $856,000. D.A. Davidson & CO. purchased a new position in Peabody Energy during the 4th quarter valued at about $391,000. CIBC Asset Management Inc grew its stake in Peabody Energy by 47.8% during the 4th quarter. CIBC Asset Management Inc now owns 12,135 shares of the coal producer’s stock valued at $254,000 after acquiring an additional 3,927 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Peabody Energy by 15.7% in the 4th quarter. Sanctuary Advisors LLC now owns 43,766 shares of the coal producer’s stock valued at $916,000 after purchasing an additional 5,940 shares during the period. Finally, Mountain Lake Investment Management LLC purchased a new stake in shares of Peabody Energy in the fourth quarter worth approximately $482,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

Peabody Energy Company Profile

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.