Walter Energy (WLT) Announces Quarterly Results
Walter Energy (NYSE:WLT) posted its quarterly earnings results on Thursday. The company reported ($1.97) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($1.69) by $0.28, Analyst Ratings.Net reports. The company had revenue of $378.40 million for the quarter, compared to the consensus estimate of $376.50 million.
WLT has been the subject of a number of recent research reports. Analysts at FBR Capital Markets cut their price target on shares of Walter Energy from $8.50 to $7.50 in a research note on Wednesday, July 16th. On a related note, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Walter Energy in a research note on Monday, July 14th. They now have a $6.20 price target on the stock, down previously from $8.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Walter Energy in a research note on Monday, June 30th. They now have a $5.75 price target on the stock. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $9.83.
Walter Energy (NYSE:WLT) opened at 5.88 on Thursday. Walter Energy has a one year low of $4.25 and a one year high of $19.50. The stock’s 50-day moving average is $5.59 and its 200-day moving average is $7.87. The company’s market cap is $387.0 million.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Investors of record on Monday, August 11th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Thursday, August 7th.
Walter Energy, Inc, is a producer and exporter of metallurgical coals for the global steel industry. The Company also produces thermal coal and industrial coal, anthracite, metallurgical coke, coal bed methane gas (NYSE:WLT) and other related products.
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