Peabody Energy Corporation (NYSE:BTU) – Analysts at FBR & Co increased their Q3 2017 earnings per share estimates for shares of Peabody Energy Corporation in a report released on Wednesday. FBR & Co analyst L. Pipes now anticipates that the coal producer will earn $1.41 per share for the quarter, up from their previous estimate of $1.18. FBR & Co currently has a “Buy” rating and a $35.00 price target on the stock. FBR & Co also issued estimates for Peabody Energy Corporation’s Q4 2017 earnings at $1.41 EPS, FY2017 earnings at $4.96 EPS, Q1 2018 earnings at $0.53 EPS, FY2018 earnings at $1.41 EPS and FY2019 earnings at $0.71 EPS.

Several other research firms have also recently issued reports on BTU. Stifel Nicolaus set a $32.00 price target on Peabody Energy Corporation and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Macquarie assumed coverage on Peabody Energy Corporation in a research note on Thursday, September 7th. They issued a “neutral” rating and a $30.00 price target for the company. MKM Partners reissued a “buy” rating on shares of Peabody Energy Corporation in a research note on Tuesday, September 12th. Zacks Investment Research raised Peabody Energy Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th. Finally, Clarkson Capital reissued a “buy” rating on shares of Peabody Energy Corporation in a research note on Thursday, June 22nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $35.00.

COPYRIGHT VIOLATION WARNING: “Peabody Energy Corporation (BTU) to Post Q3 2017 Earnings of $1.41 Per Share, FBR & Co Forecasts” was originally published by American Banking News and is owned by of American Banking News. If you are viewing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/10/13/peabody-energy-corporation-btu-to-post-q3-2017-earnings-of-1-41-per-share-fbr-co-forecasts.html. Peabody Energy Corporation (NYSE:BTU) last released its earnings results on Tuesday, August 1st. The coal producer reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($1.07). The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. Peabody Energy Corporation’s quarterly revenue was up 21.0% on a year-over-year basis.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. purchased a new stake in shares of Peabody Energy Corporation during the second quarter valued at $105,000. FNY Partners Fund LP purchased a new stake in shares of Peabody Energy Corporation during the second quarter valued at $146,000. BNP Paribas Arbitrage SA purchased a new stake in shares of Peabody Energy Corporation during the second quarter valued at $162,000. Pacific Heights Asset Management LLC purchased a new stake in shares of Peabody Energy Corporation during the second quarter valued at $295,000. Finally, Martingale Asset Management L P purchased a new stake in shares of Peabody Energy Corporation during the second quarter valued at $301,000. 97.98% of the stock is owned by institutional investors and hedge funds.

In related news, major shareholder Discovery Capital Management, sold 12,800,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $27.10, for a total transaction of $346,880,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.27% of the company’s stock.

Peabody Energy Corporation Company Profile

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)

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