Q3 2024 Earnings Forecast for Peabody Energy Co. Issued By B. Riley (NYSE:BTU)

Peabody Energy Co. (NYSE:BTU) – B. Riley increased their Q3 2024 earnings per share estimates for shares of Peabody Energy in a note issued to investors on Friday, August 2nd. B. Riley analyst L. Pipes now anticipates that the coal producer will earn $0.76 per share for the quarter, up from their prior estimate of $0.70. B. Riley has a “Buy” rating and a $32.00 price target on the stock. The consensus estimate for Peabody Energy’s current full-year earnings is $2.51 per share. B. Riley also issued estimates for Peabody Energy’s Q1 2026 earnings at $0.95 EPS, Q2 2026 earnings at $93.00 EPS and FY2026 earnings at $3.77 EPS.

A number of other research firms have also issued reports on BTU. BMO Capital Markets reduced their target price on shares of Peabody Energy from $25.00 to $24.00 and set a “market perform” rating on the stock in a report on Friday, May 3rd. Benchmark reaffirmed a “buy” rating and issued a $28.00 target price on shares of Peabody Energy in a research note on Friday, May 3rd.

Peabody Energy Stock Up 0.3 %

Shares of NYSE:BTU opened at $21.39 on Monday. The company has a market capitalization of $2.72 billion, a P/E ratio of 5.96 and a beta of 0.97. The stock’s fifty day simple moving average is $22.90 and its 200-day simple moving average is $23.82. Peabody Energy has a 52-week low of $20.26 and a 52-week high of $27.24. The company has a quick ratio of 1.86, a current ratio of 2.49 and a debt-to-equity ratio of 0.09.

Peabody Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, August 15th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, August 15th. Peabody Energy’s dividend payout ratio (DPR) is 8.36%.

Hedge Funds Weigh In On Peabody Energy

Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC grew its position in Peabody Energy by 47.5% during the fourth quarter. SG Americas Securities LLC now owns 10,306 shares of the coal producer’s stock valued at $251,000 after acquiring an additional 3,321 shares during the period. Stratos Wealth Advisors LLC grew its holdings in shares of Peabody Energy by 3.0% during the 4th quarter. Stratos Wealth Advisors LLC now owns 51,912 shares of the coal producer’s stock worth $1,263,000 after purchasing an additional 1,498 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Peabody Energy by 2.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,675 shares of the coal producer’s stock worth $1,378,000 after purchasing an additional 1,150 shares in the last quarter. Krilogy Financial LLC purchased a new position in Peabody Energy in the fourth quarter valued at approximately $243,000. Finally, Perigon Wealth Management LLC purchased a new position in Peabody Energy in the fourth quarter valued at approximately $277,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

About Peabody Energy

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Brazil, Belgium, Chile, France, Indonesia, China, Vietnam, South Korea, Germany, and internationally. The company operates through Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S.