Analysts Issue Forecasts for Warrior Met Coal, Inc.’s Q4 2024 Earnings (NYSE:HCC)

Warrior Met Coal, Inc. (NYSE:HCC) – B. Riley reduced their Q4 2024 earnings estimates for Warrior Met Coal in a research report issued to clients and investors on Wednesday, October 9th. B. Riley analyst L. Pipes now expects that the company will earn $0.77 per share for the quarter, down from their previous forecast of $1.05. B. Riley has a “Buy” rating and a $90.00 price target on the stock. The consensus estimate for Warrior Met Coal’s current full-year earnings is $5.55 per share.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Thursday, August 1st. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.32 by $0.03. Warrior Met Coal had a net margin of 25.01% and a return on equity of 22.71%. The business had revenue of $396.52 million during the quarter, compared to analyst estimates of $387.91 million. During the same quarter in the prior year, the firm earned $1.63 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis.

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

Warrior Met Coal Stock Up 1.0 %

Shares of Warrior Met Coal stock opened at $63.86 on Monday. Warrior Met Coal has a 1-year low of $44.76 and a 1-year high of $75.53. The business’s fifty day moving average price is $58.82 and its two-hundred day moving average price is $63.47. The company has a debt-to-equity ratio of 0.09, a current ratio of 6.37 and a quick ratio of 5.37. The company has a market capitalization of $3.34 billion, a P/E ratio of 7.68 and a beta of 1.02.

Warrior Met Coal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.50%. The ex-dividend date was Tuesday, August 6th. Warrior Met Coal’s dividend payout ratio is presently 3.85%.

Hedge Funds Weigh In On Warrior Met Coal

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Warrior Met Coal by 2.5% during 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 during the period. Renaissance Technologies LLC raised its position 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 valued at $94,242,000 after acquiring an additional 62,200 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Warrior Met Coal by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 1,440,965 shares of the company’s stock worth $90,449,000 after purchasing an additional 82,622 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Warrior Met Coal by 2.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,299,563 shares of the company’s stock worth $78,885,000 after buying an additional 30,053 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Warrior Met Coal by 3.1% in the second quarter. Bank of New York Mellon Corp now owns 543,020 shares of the company’s stock worth $34,085,000 after buying an additional 16,574 shares during the last quarter. Institutional investors and hedge funds 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.