Q4 2024 Earnings Estimate for Peabody Energy Co. Issued By B. Riley (NYSE:BTU)

Peabody Energy Co. (NYSE:BTU - Free Report) - B. Riley dropped their Q4 2024 EPS estimates for Peabody Energy in a report released on Monday, April 15th. B. Riley analyst L. Pipes now anticipates that the coal producer will post earnings per share of $0.86 for the quarter, down from their prior forecast of $1.01. B. Riley currently has a "Buy" rating and a $32.00 price target 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 reissued a "buy" rating and set a $28.00 price target on shares of Peabody Energy in a research report on Friday, April 12th.

Peabody Energy Trading Down 0.2 %

BTU stock traded down $0.05 during midday trading on Wednesday, reaching $24.04. The company's stock had a trading volume of 3,907,455 shares, compared to its average volume of 3,818,547. The business's 50-day simple moving average is $24.55 and its 200-day simple moving average is $24.53. The stock has a market cap of $3.06 billion, a PE ratio of 4.83 and a beta of 0.98. Peabody Energy has a 52 week low of $17.71 and a 52 week high of $27.24. The company has a quick ratio of 1.70, a current ratio of 2.06 and a debt-to-equity ratio of 0.09.

Peabody Energy (NYSE:BTU - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The coal producer reported $1.33 earnings per share (EPS) 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 business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the business posted $2.65 earnings per share. Peabody Energy's revenue was down 24.1% compared to the same quarter last year.

Peabody Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Thursday, February 22nd were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.25%. Peabody Energy's payout ratio is 6.02%.

Insider Buying and Selling

In related news, CFO Mark Spurbeck sold 6,826 shares of the firm's stock in a transaction 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 sale, the chief financial officer now directly owns 75,464 shares in the company, valued at $1,854,150.48. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Peabody Energy news, CFO Mark Spurbeck sold 6,826 shares of Peabody Energy stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $24.57, for a total value of $167,714.82. Following the sale, 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 Securities & Exchange Commission, which can be accessed through this link. Also, COO Darren Ronald Yeates sold 31,980 shares of Peabody Energy stock in a transaction on Monday, February 12th. The shares were sold at an average price of $25.48, for a total transaction of $814,850.40. Following the completion of the sale, the chief operating officer now owns 78,307 shares in the company, valued at $1,995,262.36. The disclosure for this sale can be found here. Insiders have sold a total of 52,806 shares of company stock worth $1,339,565 over the last ninety days. Company insiders own 0.40% of the company's stock.

Institutional Investors Weigh In On Peabody Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Range Financial Group LLC acquired a new position in shares of Peabody Energy during the 1st quarter worth about $224,000. Rheos Capital Works Inc. increased its stake in shares of Peabody Energy by 189.8% during the 1st quarter. Rheos Capital Works Inc. now owns 579,500 shares of the coal producer's stock worth $14,059,000 after purchasing an additional 379,500 shares during the last quarter. Nomura Holdings Inc. acquired a new position in shares of Peabody Energy during the 4th quarter worth about $5,208,000. Hobbs Group Advisors LLC acquired a new position in shares of Peabody Energy during the 4th quarter worth about $57,000. Finally, GSA Capital Partners LLP increased its stake in shares of Peabody Energy by 32.3% during the 4th quarter. GSA Capital Partners LLP now owns 134,193 shares of the coal producer's stock worth $3,264,000 after purchasing an additional 32,775 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Peabody Energy Company Profile

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.