Peabody Energy Corp. (BTU) Announces Quarterly Earnings Results, Beats Estimates By $0.09 EPS
Peabody Energy Corp. (NYSE:BTU) released its earnings data on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.09, AR Network reports. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was down 12.7% on a year-over-year basis.
Peabody Energy Corp. (NYSE:BTU) opened at 17.89 on Thursday. Peabody Energy Corp. has a 52 week low of $14.34 and a 52 week high of $29.84. The stock has a 50-day moving average of $17.80 and a 200-day moving average of $18.04. The company’s market cap is $4.827 billion.
A number of analysts have recently weighed in on BTU shares. Analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Peabody Energy Corp. in a research note to investors on Friday, September 27th. On a related note, analysts at Macquarie initiated coverage on shares of Peabody Energy Corp. in a research note to investors on Friday, September 6th. They set a “neutral” rating on the stock. Finally, analysts at TheStreet downgraded shares of Peabody Energy Corp. from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $25.84.
Peabody Energy Corporation (NYSE:BTU) is a private-sector coal company.
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