Peabody Energy Co. (NYSE:BTU) Expected to Post Q3 2024 Earnings of $0.67 Per Share

Peabody Energy Co. (NYSE:BTU - Free Report) - Stock analysts at B. Riley reduced their Q3 2024 earnings per share (EPS) estimates for Peabody Energy in a report issued on Wednesday, October 9th. B. Riley analyst L. Pipes now anticipates that the coal producer will post earnings of $0.67 per share for the quarter, down from their prior forecast of $0.68. B. Riley currently has a "Buy" rating and a $34.00 price objective on the stock. The consensus estimate for Peabody Energy's current full-year earnings is $2.98 per share.

Peabody Energy (NYSE:BTU - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The coal producer reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.90. The company had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1 billion. Peabody Energy had a net margin of 12.69% and a return on equity of 15.35%.

Separately, BMO Capital Markets increased their price objective on shares of Peabody Energy from $25.00 to $26.00 and gave the company a "market perform" rating in a research note on Thursday.

Peabody Energy Stock Performance

BTU stock traded up $0.34 during trading on Friday, reaching $27.11. 2,179,929 shares of the stock were exchanged, compared to its average volume of 3,049,623. The company has a market capitalization of $3.41 billion, a P/E ratio of 7.02 and a beta of 0.96. The company has a current ratio of 2.49, a quick ratio of 1.92 and a debt-to-equity ratio of 0.09. Peabody Energy has a twelve month low of $20.21 and a twelve month high of $27.24. The stock has a 50 day simple moving average of $23.31 and a 200-day simple moving average of $23.16.

Institutional Investors Weigh In On Peabody Energy

Several large investors have recently made changes to their positions in BTU. Exchange Traded Concepts LLC boosted its position in Peabody Energy by 15.1% in the third quarter. Exchange Traded Concepts LLC now owns 20,293 shares of the coal producer's stock valued at $539,000 after buying an additional 2,665 shares in the last quarter. Cypress Wealth Services LLC bought a new position in shares of Peabody Energy in the third quarter valued at approximately $204,000. GAMMA Investing LLC boosted its holdings in shares of Peabody Energy by 292.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,057 shares of the coal producer's stock worth $55,000 after acquiring an additional 1,533 shares in the last quarter. SG Americas Securities LLC grew its position in Peabody Energy by 163.1% during the 3rd quarter. SG Americas Securities LLC now owns 15,363 shares of the coal producer's stock worth $408,000 after acquiring an additional 9,523 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Peabody Energy during the 2nd quarter valued at $768,000. Institutional investors own 87.44% of the company's stock.

Peabody Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.075 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.11%. Peabody Energy's payout ratio is presently 7.77%.

About Peabody Energy

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Brazil, Belgium, Chile, France, Indonesia, China, Vietnam, South Korea, Germany, and internationally. The company operates through Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S.