Warrior Met Coal, Inc. (NYSE:HCC – Free Report) – Research analysts at B. Riley decreased their Q3 2023 earnings estimates for shares of Warrior Met Coal in a research report issued on Thursday, August 3rd. B. Riley analyst L. Pipes now anticipates that the company will earn $1.64 per share for the quarter, down from their previous forecast of $1.88. The consensus estimate for Warrior Met Coal’s current full-year earnings is $8.33 per share. B. Riley also issued estimates for Warrior Met Coal’s Q4 2023 earnings at $1.76 EPS, FY2023 earnings at $8.59 EPS, Q1 2024 earnings at $1.48 EPS, Q2 2024 earnings at $1.48 EPS, Q3 2024 earnings at $1.14 EPS, Q4 2024 earnings at $1.16 EPS, FY2024 earnings at $5.26 EPS, Q1 2025 earnings at $1.14 EPS, Q2 2025 earnings at $1.14 EPS and FY2025 earnings at $4.59 EPS.
Warrior Met Coal (NYSE:HCC – Get Free Report) last announced its earnings results on Wednesday, August 2nd. The company reported $1.63 EPS for the quarter, missing the consensus estimate of $2.02 by ($0.39). The business had revenue of $379.66 million for the quarter, compared to the consensus estimate of $407.47 million. Warrior Met Coal had a return on equity of 31.67% and a net margin of 28.47%. The firm’s revenue for the quarter was down 39.3% compared to the same quarter last year. During the same period in the prior year, the business posted $5.87 earnings per share.
Warrior Met Coal Stock Performance
Shares of Warrior Met Coal stock opened at $39.68 on Monday. The company’s 50 day moving average price is $38.33 and its two-hundred day moving average price is $37.49. The firm has a market capitalization of $2.06 billion, a P/E ratio of 4.45 and a beta of 1.10. Warrior Met Coal has a fifty-two week low of $26.37 and a fifty-two week high of $44.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 9.79 and a quick ratio of 8.72.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in HCC. Point72 Middle East FZE purchased a new position in Warrior Met Coal in the fourth quarter valued at about $45,000. Tucker Asset Management LLC purchased a new stake in shares of Warrior Met Coal in the 1st quarter valued at $51,000. Point72 Hong Kong Ltd boosted its stake in shares of Warrior Met Coal by 4,220.4% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,117 shares of the company’s stock valued at $65,000 after purchasing an additional 2,068 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new stake in Warrior Met Coal during the 2nd quarter valued at $75,000. Finally, Captrust Financial Advisors boosted its position in Warrior Met Coal by 86.8% during the 1st quarter. Captrust Financial Advisors now owns 3,863 shares of the company’s stock valued at $143,000 after buying an additional 1,795 shares during the period. 93.66% of the stock is currently owned by institutional investors and hedge funds.
Warrior Met Coal Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, August 7th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Friday, August 4th. Warrior Met Coal’s dividend payout ratio (DPR) is currently 3.14%.
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.
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Read More: Q3 2023 EPS Estimates for Warrior Met Coal, Inc. Reduced by B. Riley (NYSE:HCC)