Warrior Met Coal Declares Quarterly Dividend of $0.08 (NYSE:HCC)

Key Points

• Warrior Met Coal has declared a quarterly dividend of $0.08 per share, which annualizes to $0.32, representing a yield of 0.60%. The dividend is fully supported by earnings with a current payout ratio of 7.8%.
• The company's stock price has increased by 0.8% and is currently trading at $52.97, having a market cap of $2.78 billion and a PE ratio of 26.35.
• Warrior Met Coal reported a net margin of 7.98% and revenues of $299.94 million in its last earnings, but saw a year-over-year revenue decline of 40.4%.

Warrior Met Coal (NYSE:HCC - Get Free Report) announced a quarterly dividend on Tuesday, July 29th, RTT News reports. Stockholders of record on Friday, August 8th will be given a dividend of 0.08 per share on Friday, August 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, August 8th.

Warrior Met Coal has a payout ratio of 7.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Warrior Met Coal to earn $8.96 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 3.6%.

Warrior Met Coal Price Performance

HCC stock traded up $0.11 during mid-day trading on Friday, reaching $51.49. The company's stock had a trading volume of 1,027,728 shares, compared to its average volume of 1,113,344. The company has a current ratio of 5.14, a quick ratio of 4.00 and a debt-to-equity ratio of 0.09. The company's 50 day moving average is $48.87 and its two-hundred day moving average is $48.99. The stock has a market cap of $2.71 billion, a PE ratio of 25.62 and a beta of 0.69. Warrior Met Coal has a fifty-two week low of $38.00 and a fifty-two week high of $75.15.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.11). The company had revenue of $299.94 million during the quarter, compared to analysts' expectations of $296.39 million. Warrior Met Coal had a net margin of 7.98% and a return on equity of 5.41%. The firm's quarterly revenue was down 40.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.63 earnings per share. Equities research analysts expect that Warrior Met Coal will post 4.86 EPS for the current year.

Institutional Trading of Warrior Met Coal

Institutional investors and hedge funds have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. increased its position in shares of Warrior Met Coal by 272.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,994,301 shares of the company's stock valued at $108,171,000 after acquiring an additional 1,458,279 shares during the last quarter. Dalal Street LLC boosted its position in shares of Warrior Met Coal by 144.1% during the 4th quarter. Dalal Street LLC now owns 1,704,670 shares of the company's stock worth $92,461,000 after purchasing an additional 1,006,263 shares during the period. L1 Capital Pty Ltd acquired a new stake in Warrior Met Coal in the 1st quarter valued at approximately $34,278,000. Adage Capital Partners GP L.L.C. boosted its position in shares of Warrior Met Coal by 412.5% during the first quarter. Adage Capital Partners GP L.L.C. now owns 820,000 shares of the company's stock worth $39,130,000 after buying an additional 660,000 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Warrior Met Coal by 1,918.4% during the first quarter. Victory Capital Management Inc. now owns 680,515 shares of the company's stock worth $32,474,000 after buying an additional 646,799 shares during the period. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Warrior Met Coal Company Profile

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.