Warrior Met Coal (HCC) Set to Announce Quarterly Earnings on Thursday

Warrior Met Coal (NYSE:HCC) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, August 1st. Analysts expect Warrior Met Coal to post earnings of $1.01 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, May 1st. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.02 by $0.61. The firm had revenue of $503.50 million for the quarter, compared to analyst estimates of $474.99 million. Warrior Met Coal had a return on equity of 24.71% and a net margin of 25.94%. Warrior Met Coal’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period last year, the company earned $3.57 earnings per share. On average, analysts expect Warrior Met Coal to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Warrior Met Coal Stock Down 2.0 %

Warrior Met Coal stock opened at $66.74 on Wednesday. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 8.03 and a beta of 1.05. Warrior Met Coal has a 52 week low of $38.01 and a 52 week high of $75.53. The business’s 50-day moving average price is $67.48 and its 200 day moving average price is $63.79. The company has a quick ratio of 5.85, a current ratio of 6.86 and a debt-to-equity ratio of 0.10.

Warrior Met Coal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.48%. The ex-dividend date is Tuesday, August 6th. Warrior Met Coal’s dividend payout ratio (DPR) is 3.85%.

Analyst Upgrades and Downgrades

Several analysts recently commented on HCC shares. Citigroup raised Warrior Met Coal from a “neutral” rating to a “buy” rating and raised their target price for the stock from $60.00 to $75.00 in a report on Thursday, April 11th. B. Riley raised their target price on Warrior Met Coal from $87.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a research report on Monday, July 1st. Finally, BMO Capital Markets increased their price target on Warrior Met Coal from $62.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $72.80.

Insiders Place Their Bets

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

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.