Warrior Met Coal (NYSE:HCC) Issues Earnings Results, Beats Expectations By $0.91 EPS

Warrior Met Coal (NYSE:HCC) announced its earnings results on Wednesday. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.91, FiscalAI reports. Warrior Met Coal had a net margin of 3.30% and a return on equity of 2.26%. The firm had revenue of $328.59 million during the quarter, compared to the consensus estimate of $302.51 million.

Warrior Met Coal Stock Up 1.8%

NYSE:HCC traded up $1.14 on Wednesday, reaching $65.96. The stock had a trading volume of 668,438 shares, compared to its average volume of 942,540. The company has a 50-day moving average of $62.92 and a 200 day moving average of $54.77. The company has a current ratio of 4.59, a quick ratio of 3.44 and a debt-to-equity ratio of 0.12. The stock has a market cap of $3.47 billion, a P/E ratio of 85.66 and a beta of 0.75. Warrior Met Coal has a 12-month low of $38.00 and a 12-month high of $75.15.

Warrior Met Coal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, November 7th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, November 7th. Warrior Met Coal’s dividend payout ratio is presently 41.56%.

Analysts Set New Price Targets

Several research firms recently issued reports on HCC. Wall Street Zen raised shares of Warrior Met Coal from a “sell” rating to a “hold” rating in a research report on Saturday, October 11th. Zacks Research upgraded Warrior Met Coal from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. UBS Group increased their target price on shares of Warrior Met Coal from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Warrior Met Coal in a research report on Wednesday, October 8th. Finally, BMO Capital Markets set a $55.00 price objective on shares of Warrior Met Coal and gave the stock a “market perform” rating in a research note on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $65.50.

Institutional Investors Weigh In On Warrior Met Coal

Hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its holdings in Warrior Met Coal by 217.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after purchasing an additional 467 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Warrior Met Coal by 43.7% during the second quarter. BNP Paribas Financial Markets now owns 5,613 shares of the company’s stock worth $257,000 after buying an additional 1,706 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of Warrior Met Coal by 7.7% during the second quarter. Hsbc Holdings PLC now owns 6,479 shares of the company’s stock worth $300,000 after buying an additional 464 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Warrior Met Coal by 21.6% in the third quarter. Envestnet Asset Management Inc. now owns 5,496 shares of the company’s stock worth $350,000 after buying an additional 978 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in Warrior Met Coal in the second quarter valued at $384,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

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.