Peabody Energy (BTU) Posts Quarterly Earnings Results, Beats Estimates By $0.19 EPS

Peabody Energy (NYSE:BTU) issued its earnings results on Wednesday. The coal producer reported $1.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.19, Morningstar.com reports. Peabody Energy had a net margin of 4.60% and a return on equity of 19.92%. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter last year, the company posted ($10.53) earnings per share. The firm’s revenue was up 5.3% compared to the same quarter last year.

Peabody Energy (NYSE BTU) traded down $2.36 on Thursday, reaching $37.95. 932,095 shares of the company’s stock were exchanged, compared to its average volume of 1,017,822. Peabody Energy has a one year low of $22.58 and a one year high of $41.17. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.75 and a quick ratio of 1.47.

The company also recently disclosed a Not Available dividend, which will be paid on Monday, March 5th. Shareholders of record on Monday, February 19th will be issued a $0.115 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a yield of 0.00296468161897396%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hosking Partners LLP purchased a new stake in shares of Peabody Energy during the fourth quarter worth about $29,852,000. South Texas Money Management Ltd. purchased a new stake in shares of Peabody Energy during the fourth quarter worth about $766,000. Swiss National Bank purchased a new stake in shares of Peabody Energy during the fourth quarter worth about $6,098,000. Teacher Retirement System of Texas purchased a new stake in shares of Peabody Energy during the fourth quarter worth about $1,208,000. Finally, Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Peabody Energy by 33.6% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 56,100 shares of the coal producer’s stock worth $2,209,000 after purchasing an additional 14,100 shares in the last quarter. 94.20% of the stock is owned by institutional investors.

A number of research analysts have weighed in on the stock. Jefferies Group raised shares of Peabody Energy to a “buy” rating and lifted their price objective for the company from $38.00 to $43.00 in a report on Tuesday, December 5th. B. Riley reaffirmed a “buy” rating on shares of Peabody Energy in a report on Wednesday, November 1st. ValuEngine cut shares of Peabody Energy from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. FBR & Co reaffirmed a “buy” rating and issued a $37.00 price objective (up previously from $36.00) on shares of Peabody Energy in a report on Wednesday, October 25th. Finally, Zacks Investment Research raised shares of Peabody Energy from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Wednesday, January 24th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $41.20.

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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.

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