Q1 2024 EPS Estimates for Warrior Met Coal, Inc. (NYSE:HCC) Reduced by Analyst

Warrior Met Coal, Inc. (NYSE:HCC - Free Report) - Equities researchers at B. Riley decreased their Q1 2024 earnings per share (EPS) estimates for shares of Warrior Met Coal in a note issued to investors on Monday, April 15th. B. Riley analyst L. Pipes now anticipates that the company will earn $2.02 per share for the quarter, down from their previous estimate of $2.39. 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 Q2 2024 earnings at $0.62 EPS and FY2024 earnings at $6.10 EPS.

Several other research analysts also recently commented on HCC. UBS Group initiated coverage on Warrior Met Coal in a report on Tuesday, January 16th. They issued a "neutral" rating and a $68.00 target price on the stock. Citigroup raised Warrior Met Coal from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $60.00 to $75.00 in a report on Thursday, April 11th. Two investment 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, the company has an average rating of "Moderate Buy" and a consensus target price of $67.60.

Warrior Met Coal Price Performance

Shares of HCC traded up $1.07 on Thursday, hitting $66.12. The company's stock had a trading volume of 836,046 shares, compared to its average volume of 847,595. The company has a market capitalization of $3.46 billion, a PE ratio of 7.19 and a beta of 1.09. The company has a debt-to-equity ratio of 0.10, a current ratio of 7.24 and a quick ratio of 5.99. Warrior Met Coal has a fifty-two week low of $31.97 and a fifty-two week high of $69.97. The company has a 50 day moving average price of $58.85 and a 200 day moving average price of $57.22.

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

Hedge Funds Weigh In On Warrior Met Coal

A number of large investors have recently added to or reduced their stakes in the company. Adage Capital Partners GP L.L.C. grew its holdings in shares of Warrior Met Coal by 50.0% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 75,000 shares of the company's stock valued at $3,831,000 after acquiring an additional 25,000 shares in the last quarter. Graham Capital Wealth Management LLC bought a new position in shares of Warrior Met Coal in the 4th quarter valued at about $1,773,000. Hosking Partners LLP grew its holdings in shares of Warrior Met Coal by 19.4% in 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 position in shares of Warrior Met Coal in the 4th quarter valued at about $44,388,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Warrior Met Coal by 28.7% in 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 Activity at Warrior Met Coal

In other news, Director Alan H. Schumacher acquired 2,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was acquired at an average price of $58.15 per share, for a total transaction of $116,300.00. Following the transaction, the director now directly owns 30,270 shares in the company, valued at $1,760,200.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by corporate insiders.

Warrior Met Coal Dividend Announcement

The company also recently disclosed a None dividend, which was paid on Thursday, March 7th. Investors of record on Friday, March 1st were given a $0.50 dividend. The ex-dividend date was Thursday, February 29th. Warrior Met Coal's dividend payout ratio is currently 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.