Warrior Met Coal (NYSE:HCC) Shares Gap Down on Disappointing Earnings

Key Points

• Shares fell after earnings miss: Warrior Met Coal gapped down (opened $83.13 vs prior close $89.85) after reporting Q EPS of $1.37 vs $1.40 expected and revenue $458.59M vs $467.54M, pushing the stock down about 5.4%.
• Dividend declared: The company announced a quarterly $0.08 dividend (annualized $0.32, yield 0.4%), with an ex-dividend date of May 1 and payment on May 7.
• Analyst outlook and ownership: MarketBeat shows a consensus "Moderate Buy" with an average price target of $103.40 (four Buys, three Holds), and institutional investors own about 92.3% of the stock.

Shares of Warrior Met Coal (NYSE:HCC - Get Free Report) gapped down before the market opened on Friday following a dissappointing earnings announcement. The stock had previously closed at $89.85, but opened at $83.13. Warrior Met Coal shares last traded at $83.3720, with a volume of 367,809 shares.

The company reported $1.37 EPS for the quarter, missing analysts' consensus estimates of $1.40 by ($0.03). The firm had revenue of $458.59 million during the quarter, compared to the consensus estimate of $467.54 million. Warrior Met Coal had a net margin of 4.35% and a return on equity of 2.71%. The firm's quarterly revenue was up 52.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.16) earnings per share.

Warrior Met Coal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 7th. Stockholders of record on Friday, May 1st will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, May 1st. Warrior Met Coal's dividend payout ratio (DPR) is currently 29.36%.

Analyst Ratings Changes

Several research analysts have recently issued reports on HCC shares. Wall Street Zen upgraded Warrior Met Coal from a "hold" rating to a "buy" rating in a research report on Sunday, February 15th. UBS Group raised their target price on Warrior Met Coal from $101.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, March 27th. Zacks Research upgraded Warrior Met Coal from a "strong sell" rating to a "hold" rating in a report on Monday, April 6th. B. Riley Financial reaffirmed a "buy" rating on shares of Warrior Met Coal in a research note on Friday, February 13th. Finally, Citigroup upped their price target on Warrior Met Coal from $80.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, March 18th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $103.40.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. bought a new position in Warrior Met Coal during the fourth quarter worth about $31,000. EverSource Wealth Advisors LLC lifted its holdings in Warrior Met Coal by 217.2% during the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company's stock worth $31,000 after acquiring an additional 467 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Warrior Met Coal by 272.1% during the fourth quarter. Parallel Advisors LLC now owns 413 shares of the company's stock worth $36,000 after acquiring an additional 302 shares in the last quarter. IFP Advisors Inc bought a new position in Warrior Met Coal during the fourth quarter worth about $37,000. Finally, Hantz Financial Services Inc. lifted its holdings in Warrior Met Coal by 266.1% during the third quarter. Hantz Financial Services Inc. now owns 626 shares of the company's stock worth $40,000 after acquiring an additional 455 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors.

Warrior Met Coal Trading Down 5.4%

The company has a fifty day simple moving average of $88.04 and a two-hundred day simple moving average of $84.69. The company has a quick ratio of 2.27, a current ratio of 3.19 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $4.49 billion, a P/E ratio of 76.82 and a beta of 0.67.

Warrior Met Coal Company Profile

Warrior Met Coal NYSE: HCC is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama's Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal's product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.