Warrior Met Coal Inc. (NYSE:HCC) – Equities research analysts at Seaport Global Securities boosted their FY2018 EPS estimates for Warrior Met Coal in a research note issued on Friday. Seaport Global Securities analyst M. Levin now expects that the company will post earnings per share of $2.75 for the year, up from their prior estimate of $2.58. Seaport Global Securities currently has a “Buy” rating and a $21.00 price objective on the stock. Seaport Global Securities also issued estimates for Warrior Met Coal’s FY2019 earnings at $1.85 EPS.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Thursday, August 3rd. The company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.59. The company had revenue of $363.37 million during the quarter, compared to analysts’ expectations of $321.75 million.

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A number of other equities research analysts have also issued reports on HCC. FBR & Co started coverage on Warrior Met Coal in a research report on Thursday, April 20th. They issued a “mkt perform” rating and a $22.00 price target on the stock. Royal Bank Of Canada started coverage on Warrior Met Coal in a research report on Monday, May 8th. They issued an “outperform” rating and a $25.00 price target on the stock. Credit Suisse Group started coverage on Warrior Met Coal in a report on Monday, May 8th. They issued an “outperform” rating and a $26.00 price objective on the stock. Citigroup Inc. started coverage on Warrior Met Coal in a report on Monday, May 8th. They issued a “neutral” rating and a $20.00 price objective on the stock. Finally, Morgan Stanley started coverage on Warrior Met Coal in a report on Monday, May 8th. They issued an “overweight” rating and a $27.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $22.80.

Warrior Met Coal (HCC) opened at 24.04 on Monday. Warrior Met Coal has a 1-year low of $15.10 and a 1-year high of $24.15. The firm has a 50-day moving average price of $18.61 and a 200 day moving average price of $18.12. The stock has a market cap of $1.29 billion and a price-to-earnings ratio of 10.67.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Mercantile Trust Co. purchased a new position in Warrior Met Coal during the second quarter worth about $131,000. Rhumbline Advisers purchased a new position in Warrior Met Coal during the second quarter worth about $343,000. Bank of New York Mellon Corp purchased a new position in Warrior Met Coal during the second quarter worth about $1,038,000. Schwab Charles Investment Management Inc. purchased a new position in Warrior Met Coal during the second quarter worth about $1,074,000. Finally, Skylands Capital LLC purchased a new position in Warrior Met Coal during the second quarter worth about $2,870,000. Hedge funds and other institutional investors own 0.79% of the company’s stock.

In other news, Director Alan H. Schumacher purchased 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The shares were purchased at an average price of $17.99 per share, for a total transaction of $53,970.00. Following the purchase, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $53,970. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Monday, August 14th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.20 dividend on an annualized basis and a yield of 0.83%.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.

Earnings History and Estimates for Warrior Met Coal (NYSE:HCC)

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