Peabody Energy Co. (NYSE:BTU - Get Free Report) declared a quarterly dividend on Tuesday, May 6th, RTT News reports. Shareholders of record on Thursday, May 15th will be given a dividend of 0.075 per share by the coal producer on Wednesday, June 4th. This represents a $0.30 annualized dividend and a yield of 2.21%.
Peabody Energy has a dividend payout ratio of 13.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Peabody Energy to earn $5.30 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 5.7%.
Peabody Energy Stock Up 5.9 %
Shares of BTU opened at $13.56 on Tuesday. The company has a quick ratio of 1.68, a current ratio of 2.15 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.65 billion, a PE ratio of 5.02 and a beta of 0.49. The company's fifty day moving average is $12.86 and its two-hundred day moving average is $18.41. Peabody Energy has a fifty-two week low of $9.61 and a fifty-two week high of $29.94.
Peabody Energy (NYSE:BTU - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The coal producer reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01. Peabody Energy had a net margin of 8.75% and a return on equity of 10.33%. Analysts forecast that Peabody Energy will post 2.61 earnings per share for the current year.
Analysts Set New Price Targets
Several analysts have weighed in on BTU shares. B. Riley lowered their target price on shares of Peabody Energy from $27.00 to $19.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Benchmark lowered their price target on shares of Peabody Energy from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Finally, Jefferies Financial Group lowered their target price on Peabody Energy from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Monday, January 6th.
Read Our Latest Stock Analysis on BTU
Peabody Energy Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Peabody Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Peabody Energy wasn't on the list.
While Peabody Energy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
