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

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) declared a quarterly dividend on Tuesday, July 29th, RTT News reports. Investors of record on Friday, August 8th will be paid a dividend of 0.08 per share on Friday, August 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.60%.

Warrior Met Coal has a payout ratio of 7.8% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Up 0.8%

NYSE HCC traded up $0.40 during mid-day trading on Tuesday, reaching $52.97. The stock had a trading volume of 1,167,068 shares, compared to its average volume of 991,012. Warrior Met Coal has a 1 year low of $38.00 and a 1 year high of $75.15. The stock has a market cap of $2.78 billion, a PE ratio of 26.35 and a beta of 0.67. The company has a fifty day moving average price of $48.47 and a 200 day moving average price of $48.98. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.14 and a quick ratio of 4.00.

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. B. Riley decreased their price objective on shares of Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating for the company in a report on Tuesday, July 22nd. UBS Group cut their target price on shares of Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th.

Institutional Investors Weigh In On Warrior Met Coal

A hedge fund recently raised its stake in Warrior Met Coal stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Warrior Met Coal (NYSE:HCC - Free Report) by 4.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,860 shares of the company's stock after acquiring an additional 1,351 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.06% of Warrior Met Coal worth $1,473,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 92.28% of the stock is owned by hedge funds and other institutional investors.

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.

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