FBR & Co Brokers Lift Earnings Estimates for Warrior Met Coal Inc. (HCC)
Warrior Met Coal Inc. (NYSE:HCC) – Equities research analysts at FBR & Co boosted their FY2017 earnings per share estimates for shares of Warrior Met Coal in a report released on Wednesday. FBR & Co analyst L. Pipes now anticipates that the company will post earnings per share of $7.47 for the year, up from their prior estimate of $6.55. FBR & Co has a “Hold” rating and a $26.00 price target on the stock. FBR & Co also issued estimates for Warrior Met Coal’s Q4 2017 earnings at $1.36 EPS, Q1 2018 earnings at $0.93 EPS and FY2018 earnings at $2.90 EPS.
Warrior Met Coal (NYSE:HCC) last posted its earnings results on Thursday, August 3rd. The company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.59. The company had revenue of $363.37 million for the quarter, compared to analysts’ expectations of $321.75 million.
Shares of Warrior Met Coal (HCC) opened at 23.89 on Friday. Warrior Met Coal has a 12-month low of $15.10 and a 12-month high of $27.62. The stock has a market cap of $1.28 billion and a price-to-earnings ratio of 0.38. The firm’s 50-day moving average price is $24.81 and its 200-day moving average price is $20.74.
Institutional investors have recently added to or reduced their stakes in the company. First Mercantile Trust Co. purchased a new stake in shares of Warrior Met Coal during the 2nd quarter worth $131,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Warrior Met Coal during the 2nd quarter worth $219,000. Tudor Investment Corp ET AL purchased a new stake in shares of Warrior Met Coal during the 2nd quarter worth $223,000. Royal Bank of Canada purchased a new stake in shares of Warrior Met Coal during the 2nd quarter worth $228,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Warrior Met Coal during the 2nd quarter worth $289,000. 97.25% of the stock is owned by institutional investors and hedge funds.
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.
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