Warrior Met Coal, Inc. (HCC) to Issue Quarterly Dividend of $0.08 on November 12th

Warrior Met Coal, Inc. (NYSE:HCC) declared a quarterly dividend on Tuesday, October 8th, RTT News reports. Stockholders of record on Tuesday, November 5th will be paid a dividend of 0.08 per share on Tuesday, November 12th. This represents a $0.32 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Tuesday, November 5th.

Warrior Met Coal has raised its dividend by an average of 11.9% annually over the last three years. Warrior Met Coal has a payout ratio of 4.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Warrior Met Coal to earn $6.91 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 4.6%.

Warrior Met Coal Stock Up 2.4 %

HCC stock opened at $64.64 on Friday. The firm has a market cap of $3.38 billion, a PE ratio of 8.93 and a beta of 1.02. Warrior Met Coal has a 12 month low of $44.76 and a 12 month high of $75.53. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.81 and a quick ratio of 5.37. The firm has a 50 day simple moving average of $59.65 and a 200 day simple moving average of $63.66.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.40. The company had revenue of $327.72 million during the quarter, compared to the consensus estimate of $322.21 million. Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. The company’s quarterly revenue was down 22.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.85 EPS. Equities research analysts forecast that Warrior Met Coal will post 5.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HCC has been the subject of a number of recent analyst reports. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a research report on Monday, August 5th. B. Riley raised their target price on shares of Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target 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.