Walter Energy Receives Consensus Recommendation of “Hold” from Analysts (NYSE:WLT)
Shares of Walter Energy (NYSE:WLT) have earned an average recommendation of “Hold” from the thirteen brokerages that are covering the company, AmericanBankingNews.com reports. Two investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $9.96.
A number of analysts have recently weighed in on WLT shares. Analysts at Brean Capital downgraded shares of Walter Energy to a “hold” rating in a research note on Friday, August 1st. Separately, analysts at Nomura reiterated a “neutral” rating on shares of Walter Energy in a research note on Friday, August 1st. They now have a $5.00 price target on the stock, down previously from $8.00. Finally, 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.
Shares of Walter Energy (NYSE:WLT) opened at 5.64 on Friday. Walter Energy has a 52 week low of $4.25 and a 52 week high of $19.50. The stock’s 50-day moving average is $5.93 and its 200-day moving average is $7.09. The company’s market cap is $371.3 million.
Walter Energy (NYSE:WLT) last announced its earnings results on Thursday, July 31st. The company reported ($1.97) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($1.69) by $0.28. The company had revenue of $378.40 million for the quarter, compared to the consensus estimate of $376.50 million. During the same quarter in the prior year, the company posted ($0.55) earnings per share. The company’s quarterly revenue was down 14.3% on a year-over-year basis. Analysts expect that Walter Energy will post $-6.62 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 5th. Investors of record on Monday, August 11th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend 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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