Q3 2024 EPS Estimates for Warrior Met Coal, Inc. (NYSE:HCC) Reduced by Analyst

Warrior Met Coal, Inc. (NYSE:HCC) – Stock analysts at B. Riley dropped their Q3 2024 earnings estimates for Warrior Met Coal in a research note issued on Monday, July 22nd. B. Riley analyst L. Pipes now expects that the company will post earnings per share of $1.36 for the quarter, down from their prior forecast of $1.45. B. Riley currently has a “Buy” rating and a $91.00 target price on the stock. The consensus estimate for Warrior Met Coal’s current full-year earnings is $7.36 per share. B. Riley also issued estimates for Warrior Met Coal’s FY2024 earnings at $6.85 EPS.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Wednesday, May 1st. The company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.61. Warrior Met Coal had a return on equity of 24.71% and a net margin of 25.94%. The company had revenue of $503.50 million for the quarter, compared to analyst estimates of $474.99 million. During the same quarter last year, the firm posted $3.57 earnings per share. Warrior Met Coal’s revenue was down 1.2% compared to the same quarter last year.

Several other research firms have also recently commented on HCC. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a research report on Monday, July 1st. Citigroup raised Warrior Met Coal from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $60.00 to $75.00 in a research report on Thursday, April 11th. Finally, BMO Capital Markets lifted their target price on Warrior Met Coal from $62.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Warrior Met Coal presently has an average rating of “Moderate Buy” and a consensus target price of $72.80.

Warrior Met Coal Stock Performance

Shares of HCC opened at $67.69 on Wednesday. The firm’s 50 day moving average price is $67.33 and its two-hundred day moving average price is $63.70. The company has a debt-to-equity ratio of 0.10, a quick ratio of 5.85 and a current ratio of 6.86. Warrior Met Coal has a twelve month low of $38.01 and a twelve month high of $75.53. The firm has a market cap of $3.54 billion, a P/E ratio of 8.15 and a beta of 1.05.

Insider Transactions at Warrior Met Coal

In related news, insider Kelli K. Gant sold 10,000 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total transaction of $750,600.00. Following the transaction, the insider now directly owns 61,678 shares in the company, valued at $4,629,550.68. The sale was disclosed in a filing with the SEC, which is available through this link. In other Warrior Met Coal news, insider Kelli K. Gant sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $75.06, for a total transaction of $750,600.00. Following the transaction, the insider now owns 61,678 shares of the company’s stock, valued at $4,629,550.68. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Walter J. Scheller sold 23,148 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $75.15, for a total value of $1,739,572.20. Following the sale, the chief executive officer now directly owns 340,485 shares of the company’s stock, valued at approximately $25,587,447.75. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Warrior Met Coal

Several institutional investors and hedge funds have recently made changes to their positions in the company. Assenagon Asset Management S.A. bought a new stake in Warrior Met Coal in the 4th quarter valued at $44,388,000. Clearbridge Investments LLC bought a new stake in shares of Warrior Met Coal in the first quarter valued at about $9,234,000. Jupiter Asset Management Ltd. bought a new position in Warrior Met Coal during the first quarter worth about $7,021,000. Forest Avenue Capital Management LP bought a new stake in Warrior Met Coal in the 4th quarter valued at about $6,725,000. Finally, High Ground Investment Management LLP acquired a new position in shares of Warrior Met Coal during the 1st quarter worth approximately $4,663,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

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.