Peabody Energy Co. Forecasted to Earn FY2020 Earnings of $2.26 Per Share (BTU)

Peabody Energy Co. (NYSE:BTU) – Research analysts at B. Riley reduced their FY2020 earnings per share estimates for shares of Peabody Energy in a report released on Thursday. B. Riley analyst L. Pipes now anticipates that the coal producer will post earnings per share of $2.26 for the year, down from their prior forecast of $2.84. B. Riley currently has a “Buy” rating and a $49.00 target price on the stock.

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

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded 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. FBR & Co restated a “buy” rating and issued a $37.00 price target (up previously from $36.00) on shares of Peabody Energy in a research report on Wednesday, October 25th. Jefferies Group upgraded Peabody Energy to a “buy” rating and boosted their price target for the company from $38.00 to $43.00 in a research report on Tuesday, December 5th. ValuEngine raised Peabody Energy from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Seaport Global Securities reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Peabody Energy in a report on Monday, January 22nd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $41.20.

Peabody Energy (NYSE:BTU) opened at $38.21 on Monday. The stock has a market capitalization of $3,992.95 and a PE ratio of 3.97. Peabody Energy has a 52-week low of $22.58 and a 52-week high of $41.17. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.76 and a quick ratio of 1.53.

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. purchased a new stake in shares of Peabody Energy during the 2nd quarter worth approximately $142,007,000. BlackRock Inc. boosted its stake in shares of Peabody Energy by 18.3% during the 4th quarter. BlackRock Inc. now owns 5,222,865 shares of the coal producer’s stock worth $205,623,000 after acquiring an additional 806,759 shares in the last quarter. Platinum Investment Management Ltd. purchased a new stake in shares of Peabody Energy during the 3rd quarter worth approximately $75,765,000. Brookfield Asset Management Inc. purchased a new stake in shares of Peabody Energy during the 2nd quarter worth approximately $28,800,000. Finally, Dimensional Fund Advisors LP purchased a new stake in Peabody Energy in the 3rd quarter valued at approximately $33,589,000. 94.33% of the stock is currently owned by institutional investors and hedge funds.

The firm 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. This represents a yield of 0.00296468161897396%. The ex-dividend date is Thursday, February 15th.

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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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