Q3 2024 Earnings Estimate for Warrior Met Coal, Inc. (NYSE:HCC) Issued By B. Riley

Warrior Met Coal, Inc. (NYSE:HCC - Free Report) - B. Riley lowered their Q3 2024 earnings per share estimates for Warrior Met Coal in a research report issued on Wednesday, October 9th. B. Riley analyst L. Pipes now expects that the company will post earnings per share of $0.40 for the quarter, down from their prior estimate of $0.53. B. Riley has a "Buy" rating and a $90.00 price objective on the stock. The consensus estimate for Warrior Met Coal's current full-year earnings is $5.55 per share. B. Riley also issued estimates for Warrior Met Coal's FY2024 earnings at $5.15 EPS and FY2025 earnings at $6.87 EPS.

Separately, Benchmark reiterated a "hold" rating on shares of Warrior Met Coal in a report on Monday, August 5th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $75.75.

Warrior Met Coal Price Performance

NYSE HCC traded up $0.71 on Friday, reaching $63.91. The company's stock had a trading volume of 546,539 shares, compared to its average volume of 770,606. Warrior Met Coal has a twelve month low of $44.76 and a twelve month high of $75.53. The company has a debt-to-equity ratio of 0.09, a quick ratio of 5.37 and a current ratio of 6.37. The stock has a market cap of $3.34 billion, a PE ratio of 7.91 and a beta of 1.02. The firm's 50 day moving average is $58.78 and its two-hundred day moving average is $63.39.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.03. Warrior Met Coal had a net margin of 25.01% and a return on equity of 22.71%. The business had revenue of $396.52 million during the quarter, compared to the consensus estimate of $387.91 million. During the same quarter in the prior year, the company posted $1.63 earnings per share. The company's quarterly revenue was up 4.4% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Exchange Traded Concepts LLC raised its stake in shares of Warrior Met Coal by 31.7% in the third quarter. Exchange Traded Concepts LLC now owns 34,087 shares of the company's stock valued at $2,178,000 after purchasing an additional 8,206 shares in the last quarter. O Keefe Stevens Advisory Inc. raised its stake in Warrior Met Coal by 0.8% during the third quarter. O Keefe Stevens Advisory Inc. now owns 265,577 shares of the company's stock worth $16,970,000 after acquiring an additional 1,980 shares in the last quarter. Lakewood Asset Management LLC lifted its holdings in shares of Warrior Met Coal by 8.0% during the third quarter. Lakewood Asset Management LLC now owns 6,707 shares of the company's stock valued at $429,000 after acquiring an additional 494 shares during the period. SG Americas Securities LLC bought a new stake in shares of Warrior Met Coal in the 3rd quarter worth about $287,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Warrior Met Coal in the 2nd quarter worth about $589,000. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Warrior Met Coal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were given a $0.08 dividend. The ex-dividend date was Tuesday, August 6th. This represents a $0.32 annualized dividend and a dividend yield of 0.50%. Warrior Met Coal's dividend payout ratio is 3.96%.

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.