Warrior Met Coal (NYSE:HCC) Posts Earnings Results, Beats Expectations By $0.40 EPS

Warrior Met Coal (NYSE:HCC) released its quarterly earnings data on Wednesday. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.40, Briefing.com reports. The company had revenue of $327.72 million during the quarter, compared to analysts’ expectations of $322.21 million. Warrior Met Coal had a return on equity of 22.71% and a net margin of 25.01%. The business’s revenue was down 22.6% on a year-over-year basis. During the same period last year, the firm posted $1.85 earnings per share.

Warrior Met Coal Stock Up 2.2 %

Warrior Met Coal stock traded up $1.39 during midday trading on Thursday, reaching $63.17. The stock had a trading volume of 557,516 shares, compared to its average volume of 759,942. Warrior Met Coal has a 12 month low of $44.76 and a 12 month high of $75.53. The company has a market capitalization of $3.30 billion, a P/E ratio of 7.57 and a beta of 1.02. The company has a fifty day moving average price of $59.42 and a two-hundred day moving average price of $63.65. The company has a current ratio of 6.37, a quick ratio of 5.37 and a debt-to-equity ratio of 0.09.

Warrior Met Coal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Tuesday, November 5th. Warrior Met Coal’s payout ratio is 3.85%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a research note on Monday, August 5th. B. Riley raised their price objective on Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $75.75.

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.