Research Analysts Issue Forecasts for Warrior Met Coal, Inc.'s Q3 2024 Earnings (NYSE:HCC)

Warrior Met Coal, Inc. (NYSE:HCC - Free Report) - Research analysts at B. Riley lowered their Q3 2024 earnings per share (EPS) estimates for Warrior Met Coal in a research note issued to investors on Monday, April 15th. B. Riley analyst L. Pipes now expects that the company will earn $1.75 per share for the quarter, down from their prior forecast of $2.02. B. Riley currently has a "Buy" rating and a $87.00 target price on the stock. The consensus estimate for Warrior Met Coal's current full-year earnings is $8.41 per share. B. Riley also issued estimates for Warrior Met Coal's Q4 2024 earnings at $1.71 EPS.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $2.49 EPS for the quarter, missing analysts' consensus estimates of $3.16 by ($0.67). Warrior Met Coal had a net margin of 28.55% and a return on equity of 28.99%. The firm had revenue of $363.80 million for the quarter, compared to the consensus estimate of $393.04 million. During the same period in the previous year, the company posted $1.90 earnings per share. Warrior Met Coal's quarterly revenue was up 5.5% on a year-over-year basis.

A number of other equities research analysts also recently issued reports on the company. UBS Group began coverage on Warrior Met Coal in a research report on Tuesday, January 16th. They set a "neutral" rating and a $68.00 price objective on the stock. Citigroup upgraded Warrior Met Coal from a "neutral" rating to a "buy" rating and upped their price objective for the company from $60.00 to $75.00 in a research report on Thursday, April 11th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Warrior Met Coal presently has an average rating of "Moderate Buy" and an average price target of $67.60.

Warrior Met Coal Price Performance

Warrior Met Coal stock traded down $3.19 during midday trading on Wednesday, reaching $65.04. 852,243 shares of the stock traded hands, compared to its average volume of 847,752. The stock's fifty day moving average is $58.74 and its 200-day moving average is $57.15. Warrior Met Coal has a 12 month low of $31.97 and a 12 month high of $69.97. The stock has a market cap of $3.40 billion, a P/E ratio of 7.07 and a beta of 1.09. The company has a quick ratio of 5.99, a current ratio of 7.24 and a debt-to-equity ratio of 0.10.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Adage Capital Partners GP L.L.C. grew its stake in Warrior Met Coal by 50.0% in the third quarter. Adage Capital Partners GP L.L.C. now owns 75,000 shares of the company's stock worth $3,831,000 after purchasing an additional 25,000 shares in the last quarter. Graham Capital Wealth Management LLC bought a new position in Warrior Met Coal in the fourth quarter worth approximately $1,773,000. Hosking Partners LLP boosted its position in Warrior Met Coal by 19.4% during the 3rd quarter. Hosking Partners LLP now owns 314,865 shares of the company's stock valued at $16,083,000 after acquiring an additional 51,147 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Warrior Met Coal during the 4th quarter valued at $44,388,000. Finally, Janney Montgomery Scott LLC boosted its position in Warrior Met Coal by 28.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 58,179 shares of the company's stock valued at $2,972,000 after acquiring an additional 12,989 shares in the last quarter. Institutional investors own 92.28% of the company's stock.

Insider Transactions at Warrior Met Coal

In other news, Director Alan H. Schumacher acquired 2,000 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average price of $58.15 per share, with a total value of $116,300.00. Following the completion of the purchase, the director now directly owns 30,270 shares in the company, valued at $1,760,200.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.00% of the company's stock.

Warrior Met Coal Announces Dividend

The firm also recently declared a None dividend, which was paid on Thursday, March 7th. Stockholders of record on Friday, March 1st were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, February 29th. Warrior Met Coal's payout ratio is 3.48%.

Warrior Met Coal Company Profile

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.