Warrior Met Coal, Inc. (NYSE:HCC – Get Free Report) gapped down prior to trading on Thursday following a dissappointing earnings announcement. The stock had previously closed at $60.78, but opened at $57.05. Warrior Met Coal shares last traded at $56.62, with a volume of 315,509 shares.
The company reported $2.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.16 by ($0.67). Warrior Met Coal had a net margin of 27.11% and a return on equity of 28.96%. The firm had revenue of $363.80 million for the quarter, compared to analyst estimates of $393.04 million. During the same period last year, the firm earned $1.90 earnings per share. Warrior Met Coal’s revenue for the quarter was up 5.5% compared to the same quarter last year.
Warrior Met Coal Announces Dividend
The business also recently declared a dividend, which will be paid on Thursday, March 7th. Stockholders of record on Friday, March 1st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, February 29th. Warrior Met Coal’s dividend payout ratio (DPR) is presently 3.23%.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the stock. BMO Capital Markets upped their price target on shares of Warrior Met Coal from $43.00 to $48.00 and gave the stock a “market perform” rating in a research note on Friday, November 3rd. UBS Group started coverage on shares of Warrior Met Coal in a research report on Tuesday, January 16th. They set a “neutral” rating and a $68.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $56.60.
Institutional Trading of Warrior Met Coal
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bridgeway Capital Management LLC boosted its stake in Warrior Met Coal by 4.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 290,821 shares of the company’s stock valued at $17,731,000 after acquiring an additional 12,949 shares during the last quarter. Bayesian Capital Management LP bought a new position in Warrior Met Coal in the fourth quarter valued at approximately $557,000. Royal Bank of Canada boosted its stake in Warrior Met Coal by 24.1% in the fourth quarter. Royal Bank of Canada now owns 26,625 shares of the company’s stock valued at $1,624,000 after acquiring an additional 5,163 shares during the last quarter. Pathstone Holdings LLC bought a new position in Warrior Met Coal in the fourth quarter valued at approximately $329,000. Finally, Point72 Asset Management L.P. bought a new position in Warrior Met Coal in the fourth quarter valued at approximately $5,061,000. Institutional investors and hedge funds own 93.89% of the company’s stock.
Warrior Met Coal Trading Down 7.7 %
The stock has a market capitalization of $2.92 billion, a P/E ratio of 7.02 and a beta of 1.13. The company has a debt-to-equity ratio of 0.09, a current ratio of 7.67 and a quick ratio of 6.91. The business’s 50 day simple moving average is $62.06 and its 200-day simple moving average is $52.14.
About Warrior Met Coal
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.