FY2024 EPS Forecast for Warrior Met Coal Boosted by Analyst

Warrior Met Coal, Inc. (NYSE:HCC) – B. Riley increased their FY2024 earnings estimates for shares of Warrior Met Coal in a note issued to investors on Thursday, October 31st. B. Riley analyst L. Pipes now anticipates that the company will post earnings per share of $5.62 for the year, up from their previous estimate of $5.15. B. Riley has a “Buy” rating and a $90.00 price objective on the stock. The consensus estimate for Warrior Met Coal’s current full-year earnings is $5.15 per share. B. Riley also issued estimates for Warrior Met Coal’s Q4 2024 earnings at $0.85 EPS and Q1 2025 earnings at $1.16 EPS.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, October 30th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.40 by $0.40. Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. The firm had revenue of $327.72 million for the quarter, compared to analysts’ expectations of $322.21 million. During the same quarter in the previous year, the business posted $1.85 EPS. The business’s quarterly revenue was down 22.6% compared to the same quarter last year.

Separately, Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research note on Monday, August 5th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $75.75.

Warrior Met Coal Stock Up 2.4 %

Warrior Met Coal stock opened at $64.64 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.81 and a quick ratio of 5.37. The company’s 50-day moving average is $59.65 and its 200-day moving average is $63.62. Warrior Met Coal has a fifty-two week low of $44.76 and a fifty-two week high of $75.53. The firm has a market capitalization of $3.38 billion, a PE ratio of 8.93 and a beta of 1.02.

Warrior Met Coal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend is Tuesday, November 5th. Warrior Met Coal’s dividend payout ratio is currently 4.42%.

Institutional Investors Weigh In On Warrior Met Coal

A number of institutional investors have recently made changes to their positions in HCC. Dimensional Fund Advisors LP increased its holdings in Warrior Met Coal by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,863,024 shares of the company’s stock worth $116,937,000 after purchasing an additional 45,950 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Warrior Met Coal by 4.3% during the second quarter. Renaissance Technologies LLC now owns 1,501,379 shares of the company’s stock worth $94,242,000 after acquiring an additional 62,200 shares during the period. American Century Companies Inc. grew its holdings in Warrior Met Coal by 6.1% during the second quarter. American Century Companies Inc. now owns 1,440,965 shares of the company’s stock valued at $90,449,000 after purchasing an additional 82,622 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Warrior Met Coal by 2.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,299,563 shares of the company’s stock valued at $78,885,000 after buying an additional 30,053 shares in the last quarter. Finally, River Road Asset Management LLC lifted its stake in Warrior Met Coal by 22.9% in the 3rd quarter. River Road Asset Management LLC now owns 870,357 shares of the company’s stock worth $55,616,000 after purchasing an additional 162,387 shares in the last quarter. Institutional investors own 92.28% of the company’s stock.

About Warrior Met Coal

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.