Analysts Expect Warrior Met Coal Inc (HCC) Will Announce Earnings of $1.83 Per Share

Equities analysts expect Warrior Met Coal Inc (NYSE:HCC) to announce earnings of $1.83 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Warrior Met Coal’s earnings. The highest EPS estimate is $2.09 and the lowest is $1.61. Warrior Met Coal posted earnings of $1.16 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 57.8%. The business is scheduled to announce its next quarterly earnings report on Wednesday, February 13th.

On average, analysts expect that Warrior Met Coal will report full-year earnings of $8.23 per share for the current fiscal year, with EPS estimates ranging from $8.06 to $8.39. For the next fiscal year, analysts forecast that the business will report earnings of $5.23 per share, with EPS estimates ranging from $4.93 to $5.60. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that cover Warrior Met Coal.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, October 31st. The company reported $1.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.25 by ($0.19). Warrior Met Coal had a return on equity of 94.17% and a net margin of 33.38%. The company had revenue of $273.30 million for the quarter, compared to the consensus estimate of $278.46 million. During the same quarter in the prior year, the company posted $2.27 EPS. Warrior Met Coal’s revenue was down 12.4% compared to the same quarter last year.

A number of equities analysts recently weighed in on HCC shares. Zacks Investment Research upgraded shares of Warrior Met Coal from a “hold” rating to a “strong-buy” rating and set a $29.00 target price for the company in a research report on Friday, November 9th. ValuEngine lowered shares of Warrior Met Coal from a “sell” rating to a “strong sell” rating in a research report on Monday, August 13th. B. Riley upped their target price on shares of Warrior Met Coal from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 19th. MKM Partners upgraded shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and upped their target price for the stock from $31.00 to $37.00 in a research report on Thursday, November 8th. Finally, Citigroup dropped their target price on shares of Warrior Met Coal from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Warrior Met Coal currently has an average rating of “Buy” and an average price target of $31.75.

In related news, CEO Walter J. Scheller sold 34,250 shares of the company’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $27.32, for a total transaction of $935,710.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Kelli K. Gant sold 10,000 shares of the company’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $27.29, for a total transaction of $272,900.00. The disclosure for this sale can be found here. 0.51% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in HCC. Thompson Siegel & Walmsley LLC purchased a new stake in Warrior Met Coal during the third quarter valued at $135,000. Tower Research Capital LLC TRC purchased a new stake in Warrior Met Coal during the third quarter valued at $173,000. Schroder Investment Management Group purchased a new stake in Warrior Met Coal during the third quarter valued at $199,000. Sun Life Financial INC purchased a new stake in Warrior Met Coal during the second quarter valued at $211,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of Warrior Met Coal in the second quarter valued at $217,000.

Shares of NYSE:HCC opened at $22.19 on Monday. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.73 and a quick ratio of 2.23. Warrior Met Coal has a fifty-two week low of $18.56 and a fifty-two week high of $33.72. The firm has a market cap of $1.17 billion, a P/E ratio of 2.81 and a beta of 0.48.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Friday, November 2nd were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Thursday, November 1st. Warrior Met Coal’s payout ratio is 2.53%.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc produces and exports 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.

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Earnings History and Estimates for Warrior Met Coal (NYSE:HCC)

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