Peabody Energy (NYSE:BTU) Announces Quarterly Earnings Results

Peabody Energy (NYSE:BTU - Get Free Report) released its quarterly earnings results on Tuesday. The coal producer reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.20, Zacks reports. The company had revenue of $937.00 million during the quarter, compared to analysts' expectations of $976.57 million. Peabody Energy had a net margin of 8.75% and a return on equity of 10.33%. The business's quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 earnings per share.

Peabody Energy Stock Up 0.5 %

Shares of BTU stock traded up $0.07 on Friday, reaching $14.23. 5,545,222 shares of the company were exchanged, compared to its average volume of 3,370,468. Peabody Energy has a one year low of $9.61 and a one year high of $29.94. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 5.27 and a beta of 0.49. The company has a 50-day moving average of $12.94 and a 200-day moving average of $18.17. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.15 and a quick ratio of 1.68.

Peabody Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Thursday, May 15th. Peabody Energy's payout ratio is currently 11.11%.

Analyst Ratings Changes

BTU has been the subject of a number of research reports. B. Riley reduced their price objective on Peabody Energy from $27.00 to $19.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Benchmark reduced their target price on Peabody Energy from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Wednesday.

About Peabody Energy

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.