Warrior Met Coal Inc. to Post Q3 2017 Earnings of $1.35 Per Share, FBR & Co Forecasts (HCC)
Warrior Met Coal Inc. (NYSE:HCC) – Analysts at FBR & Co boosted their Q3 2017 EPS estimates for Warrior Met Coal in a note issued to investors on Wednesday. FBR & Co analyst L. Pipes now anticipates that the company will post earnings per share of $1.35 for the quarter, up from their previous forecast of $1.23. FBR & Co currently has a “Hold” rating and a $26.00 target price on the stock. FBR & Co also issued estimates for Warrior Met Coal’s Q2 2018 earnings at $0.73 EPS.
Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.59. The firm had revenue of $363.37 million for the quarter, compared to analysts’ expectations of $321.75 million.
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Shares of Warrior Met Coal (NYSE:HCC) opened at 23.53 on Thursday. The company’s 50-day moving average price is $24.87 and its 200-day moving average price is $20.71. Warrior Met Coal has a 52-week low of $15.10 and a 52-week high of $27.62. The stock has a market cap of $1.26 billion and a PE ratio of 0.38.
A number of hedge funds have recently modified their holdings of the stock. GeoSphere Capital Management purchased a new position in Warrior Met Coal in the 2nd quarter worth $260,000. California State Teachers Retirement System purchased a new position in shares of Warrior Met Coal during the 2nd quarter valued at about $510,000. The Manufacturers Life Insurance Company purchased a new position in shares of Warrior Met Coal during the 2nd quarter valued at about $219,000. Caspian Capital LP purchased a new position in shares of Warrior Met Coal during the 2nd quarter valued at about $37,651,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Warrior Met Coal during the 2nd quarter valued at about $335,000. Institutional investors own 97.25% of the company’s stock.
About Warrior Met Coal
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.
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