Peabody Energy Co. (NYSE:BTU) to Post Q4 2024 Earnings of $0.86 Per Share, B. Riley Forecasts

Peabody Energy Co. (NYSE:BTU) – Investment analysts at B. Riley cut their Q4 2024 EPS estimates for Peabody Energy in a report issued on Monday, April 15th. B. Riley analyst L. Pipes now forecasts that the coal producer will post earnings per share of $0.86 for the quarter, down from their prior estimate of $1.01. B. Riley currently has a “Buy” rating and a $32.00 target price on the stock. The consensus estimate for Peabody Energy’s current full-year earnings is $3.66 per share. B. Riley also issued estimates for Peabody Energy’s FY2025 earnings at $2.58 EPS.

Separately, Benchmark restated a “buy” rating and issued a $28.00 price target on shares of Peabody Energy in a report on Friday, April 12th.

Peabody Energy Stock Performance

BTU stock opened at $24.09 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.06 and a quick ratio of 1.70. Peabody Energy has a 1-year low of $17.71 and a 1-year high of $27.24. The business has a 50-day moving average price of $24.51 and a 200 day moving average price of $24.52. The company has a market capitalization of $3.07 billion, a P/E ratio of 4.84 and a beta of 0.98.

Peabody Energy (NYSE:BTU) last issued its earnings results on Thursday, February 8th. The coal producer reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.08). Peabody Energy had a net margin of 15.36% and a return on equity of 21.45%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the firm earned $2.65 earnings per share. The company’s revenue for the quarter was down 24.1% on a year-over-year basis.

Institutional Trading of Peabody Energy

Large investors have recently bought and sold shares of the stock. Alliancebernstein L.P. grew its stake in Peabody Energy by 0.3% during the 4th quarter. Alliancebernstein L.P. now owns 131,800 shares of the coal producer’s stock valued at $3,482,000 after purchasing an additional 400 shares during the last quarter. Arizona State Retirement System boosted its position in Peabody Energy by 1.4% in the third quarter. Arizona State Retirement System now owns 37,080 shares of the coal producer’s stock valued at $964,000 after buying an additional 498 shares during the last quarter. O Brien Greene & Co. Inc increased its holdings in Peabody Energy by 1.7% in the 2nd quarter. O Brien Greene & Co. Inc now owns 29,915 shares of the coal producer’s stock worth $648,000 after buying an additional 500 shares during the period. EverSource Wealth Advisors LLC raised its position in Peabody Energy by 84.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,240 shares of the coal producer’s stock worth $32,000 after buying an additional 568 shares during the last quarter. Finally, Byrne Asset Management LLC lifted its stake in Peabody Energy by 20.6% during the 4th quarter. Byrne Asset Management LLC now owns 3,690 shares of the coal producer’s stock valued at $92,000 after acquiring an additional 630 shares during the period. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Mark Spurbeck sold 6,826 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $24.57, for a total transaction of $167,714.82. Following the completion of the sale, the chief financial officer now owns 75,464 shares of the company’s stock, valued at $1,854,150.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Mark Spurbeck sold 6,826 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $24.57, for a total transaction of $167,714.82. Following the transaction, the chief financial officer now directly owns 75,464 shares in the company, valued at approximately $1,854,150.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Nicholas J. Chirekos sold 14,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $25.50, for a total value of $357,000.00. Following the completion of the sale, the director now directly owns 24,279 shares of the company’s stock, valued at approximately $619,114.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,806 shares of company stock worth $1,339,565. 0.09% of the stock is owned by corporate insiders.

Peabody Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Thursday, February 22nd were paid a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $0.30 annualized dividend and a yield of 1.25%. Peabody Energy’s dividend payout ratio (DPR) is presently 6.02%.

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.