Q4 2017 EPS Estimates for Peabody Energy Corporation Increased by B. Riley (BTU)

Peabody Energy Corporation (NYSE:BTU) – Analysts at B. Riley lifted their Q4 2017 earnings per share estimates for Peabody Energy in a research report issued to clients and investors on Thursday. B. Riley analyst L. Pipes now expects that the coal producer will earn $1.58 per share for the quarter, up from their prior estimate of $1.33. B. Riley currently has a “Buy” rating on the stock. B. Riley also issued estimates for Peabody Energy’s FY2018 earnings at $4.01 EPS and FY2019 earnings at $2.21 EPS.

Peabody Energy (NYSE:BTU) last released its earnings results on Wednesday, October 25th. The coal producer reported $1.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.14. Peabody Energy had a net margin of 4.60% and a return on equity of 19.92%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the company posted ($7.53) EPS. The business’s revenue was up 22.4% on a year-over-year basis.

A number of other analysts also recently issued reports on BTU. Stifel Nicolaus restated a “hold” rating and set a $32.00 price target (up previously from $30.00) on shares of Peabody Energy in a report on Tuesday, August 8th. MKM Partners restated a “buy” rating and set a $38.00 price target (up previously from $32.00) on shares of Peabody Energy in a report on Thursday, August 24th. Macquarie started coverage on shares of Peabody Energy in a report on Thursday, September 7th. They set a “neutral” rating and a $30.00 price target for the company. FBR & Co set a $35.00 price target on shares of Peabody Energy and gave the stock a “buy” rating in a report on Monday, September 11th. Finally, Zacks Investment Research upgraded shares of Peabody Energy from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Wednesday, October 25th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $35.44.

Shares of Peabody Energy (NYSE BTU) opened at $33.90 on Monday. The company has a current ratio of 1.75, a quick ratio of 1.47 and a debt-to-equity ratio of 0.60. Peabody Energy has a 1-year low of $22.58 and a 1-year high of $34.37.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Discovery Capital Management LLC CT acquired a new stake in Peabody Energy in the 2nd quarter valued at approximately $535,982,000. Elliott Management Corp acquired a new stake in Peabody Energy in the 2nd quarter valued at approximately $518,196,000. PointState Capital LP acquired a new stake in Peabody Energy in the 2nd quarter valued at approximately $148,105,000. Vanguard Group Inc. acquired a new stake in Peabody Energy in the 2nd quarter valued at approximately $142,007,000. Finally, BlackRock Inc. acquired a new stake in Peabody Energy in the 2nd quarter valued at approximately $91,395,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

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About Peabody Energy

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 (NYSE:BTU)

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