Peabody Energy Co. (NYSE:BTU - Get Free Report) announced a quarterly dividend on Tuesday, May 6th, RTT News reports. Stockholders 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 dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, May 15th.
Peabody Energy has a payout ratio of 13.1% meaning its dividend is sufficiently covered by earnings. Research 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 Performance
Shares of NYSE BTU traded up $0.07 during trading on Friday, reaching $14.23. The stock had a trading volume of 5,545,222 shares, compared to its average volume of 3,370,468. The firm's 50 day moving average price is $12.94 and its two-hundred day moving average price is $18.17. Peabody Energy has a one year low of $9.61 and a one year high of $29.94. The stock has a market cap of $1.73 billion, a PE ratio of 5.27 and a beta of 0.49. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.68 and a current ratio of 2.15.
Peabody Energy (NYSE:BTU - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The coal producer reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.20. Peabody Energy had a net margin of 8.75% and a return on equity of 10.33%. The company had revenue of $937.00 million for the quarter, compared to the consensus estimate of $976.57 million. During the same period last year, the firm posted $0.30 EPS. The company's revenue for the quarter was down 4.7% on a year-over-year basis. On average, research analysts forecast that Peabody Energy will post 2.61 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the company. B. Riley dropped their target price on Peabody Energy from $27.00 to $19.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Benchmark reduced their target price on shares of Peabody Energy from $26.00 to $23.00 and set a "buy" rating for the company in a research note on Wednesday.
Check Out Our Latest Report on Peabody Energy
Peabody Energy Company Profile
(
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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.
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