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

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 Wednesday, October 9th. B. Riley analyst L. Pipes now anticipates that the coal producer will post earnings of $0.67 per share for the quarter, down from their prior estimate of $0.68. 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 posted its quarterly earnings results on Thursday, August 1st. The coal producer reported $1.43 EPS for the quarter, topping the consensus estimate of $0.53 by $0.90. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1 billion. Peabody Energy had a net margin of 12.69% and a return on equity of 15.35%.

Separately, BMO Capital Markets lifted their price target on shares of Peabody Energy from $25.00 to $26.00 and gave the company a “market perform” rating in a research note on Thursday.

Peabody Energy Stock Performance

Shares of BTU stock opened at $26.77 on Friday. Peabody Energy has a 1 year low of $20.21 and a 1 year high of $27.24. The business has a fifty day moving average of $23.23 and a 200 day moving average of $23.13. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.49 and a quick ratio of 1.92. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of 7.46 and a beta of 0.96.

Peabody Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Thursday, August 15th. Peabody Energy’s payout ratio is 8.36%.

Institutional Trading of Peabody Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. boosted its holdings in Peabody Energy by 11,390.0% during the second quarter. Blue Trust Inc. now owns 1,149 shares of the coal producer’s stock worth $28,000 after buying an additional 1,139 shares in the last quarter. Natixis lifted its stake in Peabody Energy by 8,355.0% during the first quarter. Natixis now owns 1,691 shares of the coal producer’s stock valued at $41,000 after buying an additional 1,671 shares in the last quarter. Altshuler Shaham Ltd acquired a new position in shares of Peabody Energy in the second quarter worth about $44,000. GAMMA Investing LLC increased its position in shares of Peabody Energy by 292.6% in the third quarter. GAMMA Investing LLC now owns 2,057 shares of the coal producer’s stock worth $55,000 after acquiring an additional 1,533 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Peabody Energy during the second quarter valued at approximately $78,000. 87.44% of the stock is currently owned by institutional investors.

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.