Peabody Energy Co. Forecasted to Earn Q3 2024 Earnings of $0.67 Per Share (NYSE:BTU)

Peabody Energy Co. (NYSE:BTU) – Research analysts at B. Riley reduced their Q3 2024 earnings per share (EPS) estimates for Peabody Energy in a report issued on Wednesday, October 9th. B. Riley analyst L. Pipes now anticipates that the coal producer will post earnings of $0.67 per share for the quarter, down from their prior forecast of $0.68. B. Riley has a “Buy” rating and a $34.00 price objective on the stock. The consensus estimate for Peabody Energy’s current full-year earnings is $2.98 per share.

Separately, BMO Capital Markets lifted their price objective on shares of Peabody Energy from $25.00 to $26.00 and gave the company a “market perform” rating in a research note on Thursday.

Peabody Energy Stock Performance

BTU stock opened at $27.11 on Friday. The firm has a 50 day moving average of $23.41 and a two-hundred day moving average of $23.18. Peabody Energy has a 12 month low of $20.21 and a 12 month high of $27.24. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 7.55 and a beta of 0.96. The company has a quick ratio of 1.92, a current ratio of 2.49 and a debt-to-equity ratio of 0.09.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings results on Thursday, August 1st. The coal producer reported $1.43 EPS for the quarter, beating the consensus estimate of $0.53 by $0.90. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1 billion. Peabody Energy had a return on equity of 15.35% and a net margin of 12.69%.

Peabody Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.30 annualized dividend and a yield of 1.11%. Peabody Energy’s dividend payout ratio (DPR) is presently 8.36%.

Hedge Funds Weigh In On Peabody Energy

A number of institutional investors have recently modified their holdings of BTU. Blue Trust Inc. grew its stake in Peabody Energy by 11,390.0% in the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the coal producer’s stock valued at $28,000 after buying an additional 1,139 shares during the last quarter. Natixis boosted its holdings in Peabody Energy by 8,355.0% during the first quarter. Natixis now owns 1,691 shares of the coal producer’s stock valued at $41,000 after acquiring an additional 1,671 shares during the period. Altshuler Shaham Ltd acquired a new stake in shares of Peabody Energy in the second quarter valued at about $44,000. GAMMA Investing LLC increased its stake in shares of Peabody Energy by 292.6% in the third quarter. GAMMA Investing LLC now owns 2,057 shares of the coal producer’s stock worth $55,000 after purchasing an additional 1,533 shares during the period. Finally, Headlands Technologies LLC acquired a new position in shares of Peabody Energy during the 2nd quarter worth about $78,000. Institutional investors own 87.44% of the company’s stock.

Peabody Energy Company Profile

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.