B. Riley Equities Analysts Decrease Earnings Estimates for Peabody Energy Co. (NYSE:BTU)

Peabody Energy Co. (NYSE:BTU) – Research analysts at B. Riley lowered their Q4 2024 EPS estimates for shares of Peabody Energy in a report released on Wednesday, October 9th. B. Riley analyst L. Pipes now expects that the coal producer will post earnings per share of $0.92 for the quarter, down from their prior forecast of $1.00. B. Riley currently has a “Buy” rating and a $34.00 price target on the stock. The consensus estimate for Peabody Energy’s current full-year earnings is $2.98 per share. B. Riley also issued estimates for Peabody Energy’s FY2025 earnings at $2.78 EPS.

Separately, BMO Capital Markets increased their price objective on Peabody Energy from $25.00 to $26.00 and gave the company a “market perform” rating in a report on Thursday, October 10th.

Peabody Energy Trading Down 5.0 %

NYSE:BTU opened at $25.42 on Monday. The company has a market capitalization of $3.24 billion, a PE ratio of 7.08 and a beta of 0.96. Peabody Energy has a 52-week low of $20.21 and a 52-week high of $27.24. The stock’s 50 day moving average price is $23.60 and its 200 day moving average price is $23.20. The company has a quick ratio of 1.92, a current ratio of 2.49 and a debt-to-equity ratio of 0.09.

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

Peabody Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.30 annualized dividend and a dividend yield of 1.18%. Peabody Energy’s dividend payout ratio (DPR) is 8.36%.

Hedge Funds Weigh In On Peabody Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. increased its holdings in shares of Peabody Energy by 11,390.0% in the second quarter. Blue Trust Inc. now owns 1,149 shares of the coal producer’s stock valued at $28,000 after purchasing an additional 1,139 shares during the period. Natixis grew its position in Peabody Energy by 8,355.0% in the 1st quarter. Natixis now owns 1,691 shares of the coal producer’s stock valued at $41,000 after buying an additional 1,671 shares during the last quarter. Altshuler Shaham Ltd acquired a new position in Peabody Energy in the 2nd quarter valued at $44,000. GAMMA Investing LLC raised its position in Peabody Energy by 292.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,057 shares of the coal producer’s stock worth $55,000 after buying an additional 1,533 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Peabody Energy in the 2nd quarter worth $78,000. Hedge funds and other institutional investors 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.