B. Riley Research Analysts Lift Earnings Estimates for HCC

Warrior Met Coal, Inc. (NYSE:HCC) – B. Riley lifted their FY2024 EPS estimates for 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 prior forecast of $5.15. B. Riley currently has a “Buy” rating and a $90.00 target price on the stock. The consensus estimate for Warrior Met Coal’s current full-year earnings is $5.62 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 quarterly earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.40. The firm had revenue of $327.72 million for the quarter, compared to the consensus estimate of $322.21 million. Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%. The firm’s quarterly revenue was down 22.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.85 EPS.

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

Warrior Met Coal Stock Up 3.9 %

Shares of NYSE HCC opened at $68.04 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.67 and a current ratio of 5.81. Warrior Met Coal has a 1 year low of $44.76 and a 1 year high of $75.53. The stock’s 50-day simple moving average is $59.81 and its 200-day simple moving average is $63.61. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 9.40 and a beta of 1.02.

Institutional Trading of Warrior Met Coal

Institutional investors and hedge funds have recently bought and sold shares of the company. Wulff Hansen & CO. grew its position in shares of Warrior Met Coal by 6,177.0% in the 2nd quarter. Wulff Hansen & CO. now owns 331,551 shares of the company’s stock worth $20,811,000 after acquiring an additional 326,269 shares in the last quarter. Hosking Partners LLP boosted its holdings in Warrior Met Coal by 68.9% in the second quarter. Hosking Partners LLP now owns 482,147 shares of the company’s stock worth $30,264,000 after purchasing an additional 196,601 shares during the period. River Road Asset Management LLC increased its stake in Warrior Met Coal by 22.9% during the third quarter. River Road Asset Management LLC now owns 870,357 shares of the company’s stock valued at $55,616,000 after purchasing an additional 162,387 shares during the last quarter. Clearbridge Investments LLC acquired a new stake in shares of Warrior Met Coal during the first quarter worth $9,234,000. Finally, Merewether Investment Management LP bought a new position in shares of Warrior Met Coal in the 2nd quarter worth about $9,190,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th will be paid a $0.08 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $0.32 dividend on an annualized basis and a yield of 0.47%. Warrior Met Coal’s dividend payout ratio (DPR) is 4.42%.

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.