Warrior Met Coal, Inc. (HCC) to Issue Quarterly Dividend of $0.08 on May 13th

Warrior Met Coal, Inc. (NYSE:HCC) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Monday, May 6th will be paid a dividend of 0.08 per share on Monday, May 13th. This represents a $0.32 annualized dividend and a yield of 0.46%. The ex-dividend date is Friday, May 3rd.

Warrior Met Coal has raised its dividend by an average of 11.9% per year over the last three years and has raised its dividend annually for the last 3 consecutive years.

Warrior Met Coal Stock Up 0.8 %

HCC stock traded up $0.58 during mid-day trading on Friday, hitting $70.13. 1,113,320 shares of the company were exchanged, compared to its average volume of 704,879. The company has a debt-to-equity ratio of 0.10, a quick ratio of 5.99 and a current ratio of 7.24. The firm has a market cap of $3.67 billion, a P/E ratio of 7.62 and a beta of 1.09. The firm’s 50 day simple moving average is $59.83 and its 200 day simple moving average is $57.95. Warrior Met Coal has a 1-year low of $31.97 and a 1-year high of $70.55.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, February 14th. The company reported $2.49 EPS for the quarter, missing the consensus estimate of $3.16 by ($0.67). The company had revenue of $363.80 million for the quarter, compared to analyst estimates of $393.04 million. Warrior Met Coal had a return on equity of 28.99% and a net margin of 28.55%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $1.90 earnings per share. On average, sell-side analysts predict that Warrior Met Coal will post 6.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HCC. Citigroup raised shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and raised their price target for the stock from $60.00 to $75.00 in a research note on Thursday, April 11th. B. Riley decreased their target price on shares of Warrior Met Coal from $89.00 to $87.00 and set a “buy” rating for the company in a research note on Monday, April 15th. Finally, UBS Group assumed coverage on shares of Warrior Met Coal in a research note on Tuesday, January 16th. They issued a “neutral” rating and a $68.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Warrior Met Coal has a consensus rating of “Moderate Buy” and an average price target of $67.60.

Insiders Place Their Bets

In other news, Director Alan H. Schumacher bought 2,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was bought at an average price of $58.15 per share, with a total value of $116,300.00. Following the completion of the acquisition, the director now owns 30,270 shares of the company’s stock, valued at $1,760,200.50. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.

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.