Peabody Energy Corp. Declares Quarterly Dividend of $0.09 (BTU)
Peabody Energy Corp. (NYSE:BTU) announced a quarterly dividend on Thursday, October 24th, AnalystRatingsNetwork.com reports. Shareholders of record on Thursday, November 7th will be paid a dividend of $0.085 per share on Friday, November 29th. This represents a $0.34 annualized dividend and a dividend yield of 1.78%.
BTU has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus raised their price target on shares of Peabody Energy Corp. from $26.00 to $27.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. On a related note, analysts at Jefferies Group cut their price target on shares of Peabody Energy Corp. from $32.00 to $30.00 in a research note to investors on Friday, October 18th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Peabody Energy Corp. in a research note to investors on Friday, October 18th. They now have a $20.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $25.31.
Shares of Peabody Energy Corp. (NYSE:BTU) traded up 0.73% during mid-day trading on Thursday, hitting $19.26. The stock had a trading volume of 2,663,500 shares. Peabody Energy Corp. has a 52-week low of $14.34 and a 52-week high of $29.84. The stock’s 50-day moving average is $17.34 and its 200-day moving average is $18.63. The company’s market cap is $5.193 billion.
Peabody Energy Corp. (NYSE:BTU) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.05 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.04) by $0.09. 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. Analysts expect that Peabody Energy Corp. will post $0.32 EPS for the current fiscal year.
Peabody Energy Corporation (NYSE:BTU) is a private-sector coal company.
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