Peabody Energy (BTU) Announces Quarterly Earnings Results
Peabody Energy (NYSE:BTU) posted its quarterly earnings results on Thursday. The company reported ($0.19) earnings per share (EPS) for the quarter, AnalystRatingsNetwork reports. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the previous year, the company posted ($0.05) earnings per share. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. Peabody Energy updated its Q2 guidance to ($0.39)-(0.14) EPS.
Shares of Peabody Energy (NYSE:BTU) traded down 0.40% on Thursday, hitting $17.35. The stock had a trading volume of 5,978,487 shares. Peabody Energy has a 1-year low of $14.34 and a 1-year high of $21.85. The stock has a 50-day moving average of $16.53 and a 200-day moving average of $17.79. The company’s market cap is $4.707 billion. Peabody Energy also was the target of some unusual options trading on Wednesday. Traders acquired 19,198 call options on the company. This represents an increase of 152% compared to the typical volume of 7,621 call options.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Peabody Energy from $22.00 to $23.00 in a research note on Monday. They now have a “buy” rating on the stock. On the ratings front, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Peabody Energy in a research note on Thursday, April 10th. They now have a $23.00 price target on the stock, down previously from $24.00. Finally, analysts at Cowen and Company upgraded shares of Peabody Energy from a “market perform” rating to an “outperform” rating in a research note on Friday, April 4th. They now have a $20.00 price target on the stock, up previously from $19.00. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $22.13.
Peabody Energy Corporation (NYSE:BTU) is a private-sector coal company.
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