Jefferies Group Comments on Peabody Energy Co.’s FY2018 Earnings (BTU)

Peabody Energy Co. (NYSE:BTU) – Equities research analysts at Jefferies Group cut their FY2018 earnings per share estimates for Peabody Energy in a research note issued on Wednesday. Jefferies Group analyst C. Lafemina now anticipates that the coal producer will post earnings per share of $2.22 for the year, down from their previous forecast of $2.65. Jefferies Group has a “Buy” rating and a $43.00 price objective on the stock. Jefferies Group also issued estimates for Peabody Energy’s FY2019 earnings at $1.56 EPS, FY2020 earnings at $1.13 EPS and FY2021 earnings at $0.96 EPS.

Several other research firms have also issued reports on BTU. FBR & Co increased their price target on shares of Peabody Energy from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Zacks Investment Research upgraded shares of Peabody Energy from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Wednesday, October 25th. B. Riley reiterated a “buy” rating on shares of Peabody Energy in a research report on Wednesday, November 1st. Finally, ValuEngine lowered shares of Peabody Energy from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Peabody Energy presently has a consensus rating of “Buy” and an average price target of $41.20.

Peabody Energy (NYSE:BTU) opened at $38.21 on Monday. Peabody Energy has a fifty-two week low of $22.58 and a fifty-two week high of $41.17. The company has a market cap of $3,992.95 and a P/E ratio of 3.97. The company has a current ratio of 1.76, a quick ratio of 1.53 and a debt-to-equity ratio of 0.46.

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

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

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. acquired a new stake in Peabody Energy in the second quarter valued at approximately $142,007,000. BlackRock Inc. boosted its position in Peabody Energy by 18.3% in the fourth quarter. BlackRock Inc. now owns 5,222,865 shares of the coal producer’s stock valued at $205,623,000 after buying an additional 806,759 shares in the last quarter. Platinum Investment Management Ltd. acquired a new stake in Peabody Energy in the third quarter valued at approximately $75,765,000. Brookfield Asset Management Inc. acquired a new stake in Peabody Energy in the second quarter valued at approximately $28,800,000. Finally, Dimensional Fund Advisors LP acquired a new stake in Peabody Energy in the third quarter valued at approximately $33,589,000. Hedge funds and other institutional investors own 94.33% of the company’s stock.

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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.

Earnings History and Estimates for Peabody Energy (NYSE:BTU)

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