Jefferies Group Research Analysts Lift Earnings Estimates for Peabody Energy Co. (BTU)

Peabody Energy Co. (NYSE:BTU) – Equities researchers at Jefferies Group lifted their FY2022 earnings per share estimates for shares of Peabody Energy in a report issued on Wednesday. Jefferies Group analyst C. Lafemina now expects that the coal producer will earn $0.91 per share for the year, up from their prior estimate of $0.79. Jefferies Group has a “Buy” rating and a $43.00 price target on the stock.

A number of other equities analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Peabody Energy from a “hold” rating to a “strong-buy” rating and set a $44.00 target price for the company in a research note on Tuesday, December 26th. ValuEngine downgraded shares of Peabody Energy from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Seaport Global Securities reiterated a “buy” rating and set a $48.00 target price on shares of Peabody Energy in a research note on Monday, January 22nd. Finally, FBR & Co boosted their target price on shares of Peabody Energy from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $41.20.

Shares of Peabody Energy (BTU) traded up $0.60 during mid-day trading on Friday, hitting $38.21. 2,206,970 shares of the company were exchanged, compared to its average volume of 1,108,478. The company has a current ratio of 1.76, a quick ratio of 1.47 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $4,212.40 and a P/E ratio of 3.75. Peabody Energy has a 12-month low of $22.58 and a 12-month high of $41.17.

Peabody Energy (NYSE:BTU) last issued its earnings results on Wednesday, February 7th. The coal producer reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.19. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.51 billion. Peabody Energy had a net margin of 14.41% and a return on equity of 32.83%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($10.53) earnings per share.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. acquired a new position in Peabody Energy in the second quarter valued at $105,000. SG Americas Securities LLC acquired a new position in Peabody Energy in the fourth quarter valued at $110,000. New York State Teachers Retirement System acquired a new position in Peabody Energy in the third quarter valued at $125,000. Meeder Asset Management Inc. boosted its stake in Peabody Energy by 147.2% in the fourth quarter. Meeder Asset Management Inc. now owns 3,624 shares of the coal producer’s stock valued at $142,000 after acquiring an additional 2,158 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Peabody Energy in the fourth quarter valued at $179,000. Institutional investors own 94.20% 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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