FY2018 EPS Estimates for Peabody Energy Corporation (BTU) Decreased by Jefferies Group
Peabody Energy Corporation (NYSE:BTU) – Equities researchers at Jefferies Group reduced their FY2018 earnings estimates for shares of Peabody Energy in a research report issued on Tuesday. Jefferies Group analyst C. Lafemina now forecasts that the coal producer will post earnings of $1.36 per share for the year, down from their previous estimate of $1.39. Jefferies Group currently has a “Buy” rating and a $43.00 price target on the stock. Jefferies Group also issued estimates for Peabody Energy’s FY2019 earnings at $0.62 EPS.
A number of other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Peabody Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. ValuEngine downgraded shares of Peabody Energy from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. MKM Partners restated a “buy” rating on shares of Peabody Energy in a report on Tuesday, September 12th. FBR & Co set a $35.00 price objective on shares of Peabody Energy and gave the stock a “buy” rating in a report on Monday, September 11th. Finally, Stifel Nicolaus restated a “hold” rating and set a $32.00 price objective on shares of Peabody Energy in a report on Sunday, September 10th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $36.44.
Peabody Energy (NYSE:BTU) last released its quarterly earnings data on Wednesday, October 25th. The coal producer reported $1.49 earnings per share (EPS) for the quarter, beating the 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 during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the business earned ($7.53) EPS. Peabody Energy’s quarterly revenue was up 22.4% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Discovery Capital Management LLC CT bought a new stake in Peabody Energy during the second quarter worth about $535,982,000. Elliott Management Corp bought a new stake in Peabody Energy during the second quarter worth about $518,196,000. PointState Capital LP bought a new stake in Peabody Energy during the second quarter worth about $148,105,000. Vanguard Group Inc. bought a new stake in Peabody Energy during the second quarter worth about $142,007,000. Finally, BlackRock Inc. bought a new stake in Peabody Energy during the second quarter worth about $91,395,000. 95.17% of the stock is currently owned by institutional investors and hedge funds.
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Peabody Energy 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.
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