Equities Analysts Issue Forecasts for Peabody Energy Co.’s Q4 2024 Earnings (NYSE:BTU)

Peabody Energy Co. (NYSE:BTU) – Investment analysts at B. Riley dropped their Q4 2024 earnings estimates for Peabody Energy in a research note issued to investors on Wednesday, October 9th. B. Riley analyst L. Pipes now expects that the coal producer will post earnings of $0.92 per share for the quarter, down from their prior forecast of $1.00. 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. B. Riley also issued estimates for Peabody Energy’s FY2025 earnings at $2.78 EPS.

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

Separately, BMO Capital Markets boosted their price target on Peabody Energy from $25.00 to $26.00 and gave the company a “market perform” rating in a research note on Thursday, October 10th.

Peabody Energy Trading Down 1.3 %

Shares of Peabody Energy stock opened at $26.75 on Monday. The firm has a 50-day moving average of $23.52 and a 200-day moving average of $23.19. The stock has a market cap of $3.41 billion, a PE ratio of 7.45 and a beta of 0.96. Peabody Energy has a 52-week low of $20.21 and a 52-week high of $27.24. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.92 and a current ratio of 2.49.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Creative Planning boosted its holdings in Peabody Energy by 62.7% in the third quarter. Creative Planning now owns 17,757 shares of the coal producer’s stock valued at $471,000 after acquiring an additional 6,844 shares during the last quarter. CX Institutional acquired a new position in shares of Peabody Energy during the third quarter worth approximately $3,133,000. Exchange Traded Concepts LLC increased its stake in Peabody Energy by 15.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 20,293 shares of the coal producer’s stock valued at $539,000 after purchasing an additional 2,665 shares in the last quarter. Cypress Wealth Services LLC acquired a new stake in shares of Peabody Energy in the 3rd quarter worth about $204,000. Finally, GAMMA Investing LLC raised 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 last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

Peabody Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Thursday, August 15th. Peabody Energy’s payout ratio is 8.36%.

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.