Warrior Met Coal, Inc. (NYSE:HCC) Plans $0.08 Quarterly Dividend

Warrior Met Coal, Inc. (NYSE:HCC - Get Free Report) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Monday, May 6th will be given a dividend of 0.08 per share on Monday, May 13th. This represents a $0.32 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Friday, May 3rd.

Warrior Met Coal has raised its dividend by an average of 11.9% annually over the last three years and has increased its dividend annually for the last 3 consecutive years.

Warrior Met Coal Stock Performance

HCC traded up $0.58 on Friday, reaching $70.13. The stock had a trading volume of 1,113,320 shares, compared to its average volume of 704,879. Warrior Met Coal has a 12-month low of $31.97 and a 12-month high of $70.55. The company has a current ratio of 7.24, a quick ratio of 5.99 and a debt-to-equity ratio of 0.10. The business's 50-day moving average price is $59.83 and its two-hundred day moving average price is $57.99. The company has a market cap of $3.67 billion, a P/E ratio of 7.62 and a beta of 1.09.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The company reported $2.49 earnings per share 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 during the quarter, compared to analysts' expectations of $393.04 million. During the same period in the previous year, the firm posted $1.90 EPS. The firm's quarterly revenue was up 5.5% on a year-over-year basis. Sell-side analysts forecast that Warrior Met Coal will post 6.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. UBS Group assumed coverage on shares of Warrior Met Coal in a report on Tuesday, January 16th. They issued a "neutral" rating and a $68.00 price objective for the company. Citigroup raised shares of Warrior Met Coal from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $60.00 to $75.00 in a research note on Thursday, April 11th. Finally, B. Riley cut their target price on shares of Warrior Met Coal from $89.00 to $87.00 and set a "buy" rating for the company in a research note on Monday, April 15th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $67.60.

Insider Transactions at Warrior Met Coal

In related news, Director Alan H. Schumacher bought 2,000 shares of the business's stock in a transaction dated Friday, February 23rd. The stock was acquired 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 of the company's stock, valued at $1,760,200.50. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.00% of the company's stock.

About Warrior Met Coal

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.