Warrior Met Coal (HCC) Set to Announce Earnings on Wednesday

Warrior Met Coal (NYSE:HCC - Get Free Report) is set to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $2.39 per share for the quarter. Parties interested in listening to the company's conference call can do so using this link.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its quarterly earnings results 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 business had revenue of $363.80 million for the quarter, compared to analyst estimates of $393.04 million. During the same period in the prior year, the business earned $1.90 earnings per share. The company's revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts expect Warrior Met Coal to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Warrior Met Coal Price Performance

HCC stock traded up $0.59 during midday trading on Wednesday, reaching $66.15. 472,622 shares of the company's stock traded hands, compared to its average volume of 831,955. The company has a 50-day simple moving average of $59.37 and a two-hundred day simple moving average of $57.74. Warrior Met Coal has a 1-year low of $31.97 and a 1-year high of $69.97. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 7.19 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.

Warrior Met Coal Announces Dividend

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

Analysts Set New Price Targets

HCC has been the topic of several research analyst reports. B. Riley dropped their price objective on Warrior Met Coal from $89.00 to $87.00 and set a "buy" rating on the stock in a research note on Monday, April 15th. UBS Group assumed coverage on Warrior Met Coal in a report on Tuesday, January 16th. They set a "neutral" rating and a $68.00 price target for the company. Finally, Citigroup upgraded Warrior Met Coal from a "neutral" rating to a "buy" rating and lifted their price target 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 issued a buy rating to the stock. According to MarketBeat.com, Warrior Met Coal presently has a consensus rating of "Moderate Buy" and a consensus price target of $67.60.

Insider Activity at Warrior Met Coal

In other news, Director Alan H. Schumacher bought 2,000 shares of the company's stock in a transaction on Friday, February 23rd. The shares were purchased at an average price of $58.15 per share, with a total value 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 SEC, which can be accessed through this link. 1.00% of the stock is owned by insiders.

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.