Peabody Energy Co. (NYSE:BTU - Free Report) - Equities research analysts at B. Riley reduced their Q1 2024 earnings per share estimates for shares of Peabody Energy in a report issued on Monday, April 15th. B. Riley analyst L. Pipes now expects that the coal producer will earn $0.30 per share for the quarter, down from their previous estimate of $0.66. 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 Q2 2024 earnings at $0.71 EPS, Q3 2024 earnings at $0.83 EPS, FY2024 earnings at $2.70 EPS and FY2026 earnings at $4.11 EPS.
Peabody Energy (NYSE:BTU - Get Free Report) last issued 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). The company had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.22 billion. Peabody Energy had a return on equity of 21.45% and a net margin of 15.36%. The business's revenue for the quarter was down 24.1% on a year-over-year basis. During the same period last year, the company posted $2.65 EPS.
Separately, Benchmark reissued a "buy" rating and set a $28.00 price objective on shares of Peabody Energy in a report on Friday, April 12th.
Check Out Our Latest Report on Peabody Energy
Peabody Energy Price Performance
Shares of NYSE:BTU traded up $0.06 on Thursday, hitting $24.09. The company's stock had a trading volume of 2,447,082 shares, compared to its average volume of 3,800,260. The company has a 50-day simple moving average of $24.51 and a 200 day simple moving average of $24.52. Peabody Energy has a 1 year low of $17.71 and a 1 year high of $27.24. The company has a market capitalization of $3.07 billion, a PE ratio of 4.84 and a beta of 0.98. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.06 and a quick ratio of 1.70.
Institutional Investors Weigh In On Peabody Energy
Hedge funds have recently made changes to their positions in the company. Stratos Wealth Partners LTD. bought a new stake in shares of Peabody Energy during the third quarter valued at approximately $261,000. Hosking Partners LLP raised its stake in Peabody Energy by 9.0% during the third quarter. Hosking Partners LLP now owns 1,362,201 shares of the coal producer's stock valued at $35,404,000 after buying an additional 112,092 shares during the last quarter. Gendell Jeffrey L raised its stake in Peabody Energy by 18.6% during the third quarter. Gendell Jeffrey L now owns 2,194,474 shares of the coal producer's stock valued at $57,034,000 after buying an additional 344,793 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Peabody Energy by 7.5% during the third quarter. Bank of New York Mellon Corp now owns 787,687 shares of the coal producer's stock valued at $20,472,000 after buying an additional 55,131 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in Peabody Energy by 47.5% during the fourth quarter. SG Americas Securities LLC now owns 10,306 shares of the coal producer's stock valued at $251,000 after buying an additional 3,321 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other news, CFO Mark Spurbeck sold 6,826 shares of Peabody Energy stock in a transaction that occurred on Friday, February 23rd. The stock was 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 filing with the SEC, which is available through this link. In related news, COO Darren Ronald Yeates sold 31,980 shares of Peabody Energy stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $25.48, for a total transaction of $814,850.40. Following the sale, the chief operating officer now directly owns 78,307 shares in the company, valued at $1,995,262.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark Spurbeck sold 6,826 shares of Peabody Energy stock in a transaction that occurred 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 owns 75,464 shares in the company, valued at $1,854,150.48. 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 in the last ninety days. 0.09% of the stock is owned by insiders.
Peabody Energy Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Thursday, February 22nd were given a dividend of $0.075 per share. The ex-dividend date was Wednesday, February 21st. This represents a $0.30 annualized dividend and a yield of 1.25%. Peabody Energy's payout ratio is 6.02%.
Peabody Energy Company Profile
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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.
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