Warrior Met Coal, Inc. Announces Quarterly Dividend of $0.08 (NYSE:HCC)

Warrior Met Coal, Inc. (NYSE:HCC - Get Free Report) announced a quarterly dividend on Tuesday, February 11th,Wall Street Journal reports. Shareholders of record on Monday, February 24th will be paid a dividend of 0.08 per share on Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Monday, February 24th.

Warrior Met Coal has increased its dividend payment by an average of 17.0% annually over the last three years. Warrior Met Coal has a payout ratio of 4.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Warrior Met Coal to earn $5.60 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 5.7%.

Warrior Met Coal Stock Down 8.1 %

Shares of HCC traded down $4.40 during trading on Friday, reaching $49.69. The company's stock had a trading volume of 2,347,214 shares, compared to its average volume of 608,803. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 6.86 and a beta of 1.07. The company has a quick ratio of 4.67, a current ratio of 5.81 and a debt-to-equity ratio of 0.09. The company has a fifty day moving average of $55.04 and a two-hundred day moving average of $59.75. Warrior Met Coal has a twelve month low of $49.33 and a twelve month high of $75.53.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.34). Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%. The company had revenue of $297.47 million during the quarter, compared to analyst estimates of $331.70 million. On average, sell-side analysts predict that Warrior Met Coal will post 5.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HCC. Benchmark restated a "hold" rating on shares of Warrior Met Coal in a research note on Friday. Jefferies Financial Group lowered their price target on shares of Warrior Met Coal from $75.00 to $65.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Finally, B. Riley lifted their price objective on shares of Warrior Met Coal from $89.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $75.00.

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.