Peabody Energy (NYSE:BTU) Releases Quarterly Earnings Results, Beats Estimates By $0.16 EPS

Peabody Energy (NYSE:BTU) issued its quarterly earnings data on Thursday. The coal producer reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.16, Briefing.com reports. Peabody Energy had a return on equity of 15.35% and a net margin of 12.69%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the firm earned $0.80 EPS. Peabody Energy’s quarterly revenue was up .8% compared to the same quarter last year.

Peabody Energy Trading Up 8.9 %

Shares of BTU traded up $2.19 during mid-day trading on Thursday, reaching $26.88. 2,912,417 shares of the company were exchanged, compared to its average volume of 2,976,596. Peabody Energy has a 52 week low of $20.21 and a 52 week high of $27.29. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.92 and a current ratio of 2.49. The stock has a market capitalization of $3.42 billion, a PE ratio of 7.50 and a beta of 0.96. The business has a 50 day simple moving average of $24.13 and a two-hundred day simple moving average of $23.29.

Peabody Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.12%. Peabody Energy’s payout ratio is 8.36%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BTU. BMO Capital Markets increased their price target on Peabody Energy from $25.00 to $26.00 and gave the company a “market perform” rating in a research note on Thursday, October 10th. B. Riley increased their price target on Peabody Energy from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, September 17th.

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.