Warrior Met Coal (NYSE:HCC) Shares Will Pay Quarterly Dividend of $0.08

Key Points

• Warrior Met Coal declared a quarterly dividend of $0.08 per share, payable November 20 to shareholders of record November 9. The annualized dividend is $0.32, for a 0.4% yield.
• The dividend appears well covered: the current payout ratio is 7.8%, and analysts expect a 3.4% payout ratio based on next year’s projected earnings. Quarterly EPS of $0.93 missed the $1.55 consensus estimate, while revenue rose 54.6% year over year.
• Analysts rate the stock a consensus “Moderate Buy,” with a consensus price target of $109.80; four analysts gave it a Buy rating and three a Hold.

Warrior Met Coal (NYSE:HCC - Get Free Report) announced a quarterly dividend on Tuesday, October 27th. Shareholders of record on Monday, November 9th will be given a dividend of $0.08 per share on Friday, November 20th. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, November 9th.

Warrior Met Coal has increased its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 1 years. Warrior Met Coal has a payout ratio of 7.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Warrior Met Coal to earn $9.47 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 3.4%.

Warrior Met Coal Stock Performance

NYSE HCC opened at $84.20 on Friday. The firm has a market capitalization of $4.45 billion, a P/E ratio of 19.18 and a beta of 0.75. The stock's fifty day moving average is $91.51 and its two-hundred day moving average is $89.78. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.79 and a current ratio of 3.93. Warrior Met Coal has a fifty-two week low of $71.79 and a fifty-two week high of $111.42.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by ($0.62). The business had revenue of $507.93 million for the quarter, compared to analyst estimates of $505.84 million. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%. Warrior Met Coal's revenue for the quarter was up 54.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.70 EPS. On average, research analysts anticipate that Warrior Met Coal will post 6.97 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HCC. Royal Bank Of Canada increased their price objective on shares of Warrior Met Coal from $90.00 to $110.00 and gave the stock a "sector perform" rating in a research report on Wednesday, September 16th. B. Riley Financial lowered their target price on shares of Warrior Met Coal from $123.00 to $122.00 and set a "buy" rating on the stock in a report on Monday, October 26th. Zacks Research cut shares of Warrior Met Coal from a "strong-buy" rating to a "hold" rating in a report on Friday, August 7th. Jefferies Financial Group reissued a "buy" rating on shares of Warrior Met Coal in a research report on Thursday, October 29th. Finally, Weiss Ratings raised Warrior Met Coal from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Warrior Met Coal has a consensus rating of "Moderate Buy" and a consensus price target of $109.80.

About Warrior Met Coal

Warrior Met Coal, Inc is a mining company focused on the production and export of high-quality metallurgical coal, also known as met coal. Its products are used primarily by steelmakers in the blast-furnace steelmaking process, where metallurgical coal is converted into coke to support the production of iron and steel.

The company operates underground coal mines and related processing facilities in the Brookwood coal-producing region of Alabama. Warrior Met Coal primarily produces premium hard coking coal and sells its products to customers in international steel markets, serving regions that include Europe, Asia, and the Americas.

Warrior Met Coal was formed from the assets of Walter Energy after Walter Energy's bankruptcy and began operating as an independent public company in 2016.

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