Peabody Energy Co. (NYSE:BTU) – Stock analysts at B. Riley dropped their Q2 2019 earnings per share estimates for Peabody Energy in a research note issued on Monday, February 11th. B. Riley analyst L. Pipes now anticipates that the coal producer will post earnings per share of $0.81 for the quarter, down from their previous estimate of $0.92. B. Riley currently has a “Buy” rating and a $37.00 target price on the stock. B. Riley also issued estimates for Peabody Energy’s Q3 2019 earnings at $0.71 EPS and Q4 2019 earnings at $0.53 EPS.
Other research analysts also recently issued research reports about the company. Clarkson Capital downgraded Peabody Energy from a “buy” rating to a “neutral” rating in a report on Friday, November 16th. Zacks Investment Research raised Peabody Energy from a “sell” rating to a “hold” rating in a report on Thursday, January 3rd. ValuEngine cut Peabody Energy from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 1st. Finally, MKM Partners set a $44.00 price objective on Peabody Energy and gave the company a “buy” rating in a research note on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $42.17.
Shares of BTU opened at $29.64 on Tuesday. The stock has a market capitalization of $3.39 billion, a P/E ratio of 9.41 and a beta of 0.77. Peabody Energy has a one year low of $29.08 and a one year high of $47.84. The company has a quick ratio of 1.58, a current ratio of 1.85 and a debt-to-equity ratio of 0.39.
Peabody Energy (NYSE:BTU) last issued its earnings results on Wednesday, February 6th. The coal producer reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.20. Peabody Energy had a return on equity of 14.57% and a net margin of 11.73%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the business earned $2.47 earnings per share. The company’s revenue was down 7.9% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 6th. Shareholders of record on Wednesday, February 20th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.75%. The ex-dividend date is Tuesday, February 19th. Peabody Energy’s payout ratio is currently 16.51%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Martingale Asset Management L P raised its position in shares of Peabody Energy by 2.8% during the 4th quarter. Martingale Asset Management L P now owns 61,974 shares of the coal producer’s stock worth $1,889,000 after purchasing an additional 1,704 shares during the period. Bank of New York Mellon Corp raised its position in shares of Peabody Energy by 59.8% during the 4th quarter. Bank of New York Mellon Corp now owns 761,009 shares of the coal producer’s stock worth $23,195,000 after purchasing an additional 284,835 shares during the period. Hosking Partners LLP raised its position in shares of Peabody Energy by 57.2% during the 4th quarter. Hosking Partners LLP now owns 1,329,732 shares of the coal producer’s stock worth $40,530,000 after purchasing an additional 483,718 shares during the period. Robeco Institutional Asset Management B.V. raised its position in shares of Peabody Energy by 7.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 364,800 shares of the coal producer’s stock worth $11,118,000 after purchasing an additional 24,477 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Peabody Energy during the 4th quarter worth approximately $5,495,000. Hedge funds and other institutional investors own 99.16% of the company’s stock.
About Peabody Energy
Peabody Energy Corporation engages in coal mining business. The company operates through six segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, and Trading and Brokerage. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; and metallurgical coal that include hard coking coal, semi-hard coking coal, semi-soft coking coal, and low-volatile pulverized coal injection for industrial customers.
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