Peabody Energy Corporation (NYSE:BTU) – Investment analysts at FBR & Co decreased their Q2 2018 earnings per share estimates for shares of Peabody Energy Corporation in a research note issued to investors on Wednesday. FBR & Co analyst L. Pipes now anticipates that the coal producer will earn $0.27 per share for the quarter, down from their previous estimate of $0.34. FBR & Co has a “Buy” rating and a $35.00 price target on the stock. FBR & Co also issued estimates for Peabody Energy Corporation’s Q3 2018 earnings at $0.33 EPS and Q4 2018 earnings at $0.27 EPS.

BTU has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Peabody Energy Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 26th. Macquarie initiated coverage on shares of Peabody Energy Corporation in a research report on Thursday, September 7th. They set a “neutral” rating and a $30.00 target price on the stock. Clarkson Capital reiterated a “buy” rating on shares of Peabody Energy Corporation in a research report on Thursday, June 22nd. MKM Partners restated a “buy” rating and set a $38.00 price target (up previously from $32.00) on shares of Peabody Energy Corporation in a research note on Thursday, August 24th. Finally, Stifel Nicolaus restated a “hold” rating and set a $32.00 price target on shares of Peabody Energy Corporation in a research note on Sunday, September 10th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $35.00.

TRADEMARK VIOLATION NOTICE: This report was reported by American Banking News and is owned by of American Banking News. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/10/12/fbr-co-comments-on-peabody-energy-corporations-q2-2018-earnings-btu.html.

Peabody Energy Corporation (NYSE BTU) traded down 1.00% during midday trading on Thursday, reaching $28.82. 188,907 shares of the company’s stock traded hands. Peabody Energy Corporation has a 1-year low of $22.58 and a 1-year high of $32.50. The stock’s 50 day moving average price is $29.32 and its 200 day moving average price is $26.45. The firm’s market cap is $2.89 billion.

Peabody Energy Corporation (NYSE:BTU) last announced its quarterly earnings data on Tuesday, August 1st. The coal producer reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($1.07). The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. The company’s revenue for the quarter was up 21.0% compared to the same quarter last year.

In other news, major shareholder Discovery Capital Management, sold 12,800,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $27.10, for a total value of $346,880,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.27% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Brookfield Asset Management Inc. bought a new position in Peabody Energy Corporation during the second quarter valued at about $28,800,000. Verition Fund Management LLC bought a new position in Peabody Energy Corporation during the second quarter valued at about $611,000. Glendon Capital Management LP bought a new position in Peabody Energy Corporation during the second quarter valued at about $2,431,000. Ameritas Investment Partners Inc. bought a new position in Peabody Energy Corporation during the second quarter valued at about $105,000. Finally, Alta Fundamental Advisers LLC bought a new position in Peabody Energy Corporation during the second quarter valued at about $398,000. Institutional investors own 97.98% of the company’s stock.

About Peabody Energy Corporation

Peabody Energy Corporation is a coal company. The Company’s segments include Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, Trading and Brokerage, and Corporate and Other. Its Powder River Basin Mining operations consist of its mines in Wyoming.

Earnings History and Estimates for Peabody Energy Corporation (NYSE:BTU)

Receive News & Ratings for Peabody Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peabody Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.