Peabody Energy Co. (NYSE:BTU) – Analysts at B. Riley cut their Q2 2019 earnings per share estimates for Peabody Energy in a research note issued on Monday, February 11th. B. Riley analyst L. Pipes now forecasts that the coal producer will post earnings of $0.81 per share for the quarter, down from their prior estimate of $0.92. B. Riley has a “Buy” rating and a $37.00 price objective on the stock. B. Riley also issued estimates for Peabody Energy’s Q3 2019 earnings at $0.71 EPS and Q4 2019 earnings at $0.53 EPS.
Peabody Energy (NYSE:BTU) last released its quarterly earnings data on Wednesday, February 6th. The coal producer reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.20. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. Peabody Energy had a return on equity of 14.57% and a net margin of 11.73%. The company’s revenue was down 7.9% compared to the same quarter last year. During the same period last year, the company posted $2.47 EPS.
A number of other analysts have also issued reports on the company. Clarkson Capital upgraded Peabody Energy from a “neutral” rating to a “buy” rating in a report on Wednesday, January 16th. Zacks Investment Research upgraded Peabody Energy from a “hold” rating to a “strong-buy” rating and set a $41.00 target price for the company in a report on Tuesday, February 5th. ValuEngine lowered Peabody Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, November 1st. Finally, MKM Partners set a $44.00 target price on Peabody Energy and gave the company a “buy” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Peabody Energy has a consensus rating of “Buy” and an average price target of $42.17.
BTU opened at $29.64 on Tuesday. The firm has a market capitalization of $3.39 billion, a PE ratio of 9.41 and a beta of 0.77. Peabody Energy has a 12-month low of $29.08 and a 12-month high of $47.84. The company has a quick ratio of 1.58, a current ratio of 1.85 and a debt-to-equity ratio of 0.39.
Several institutional investors and hedge funds have recently added to or reduced their stakes in BTU. Vanguard Group Inc. raised its holdings in shares of Peabody Energy by 2.0% during the third quarter. Vanguard Group Inc. now owns 8,245,056 shares of the coal producer’s stock worth $293,854,000 after acquiring an additional 160,452 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of Peabody Energy by 2.0% during the third quarter. Vanguard Group Inc now owns 8,245,056 shares of the coal producer’s stock worth $293,854,000 after acquiring an additional 160,452 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Peabody Energy by 7.7% during the third quarter. Dimensional Fund Advisors LP now owns 3,292,224 shares of the coal producer’s stock worth $117,367,000 after acquiring an additional 236,776 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Peabody Energy by 90.7% during the third quarter. JPMorgan Chase & Co. now owns 2,593,969 shares of the coal producer’s stock worth $92,449,000 after acquiring an additional 1,233,753 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Peabody Energy by 11.1% during the third quarter. Renaissance Technologies LLC now owns 1,837,509 shares of the coal producer’s stock worth $65,489,000 after acquiring an additional 183,209 shares in the last quarter. Institutional investors own 99.16% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 6th. Stockholders of record on Wednesday, February 20th will be issued a $0.13 dividend. The ex-dividend date is Tuesday, February 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.75%. Peabody Energy’s payout ratio is currently 16.51%.
About Peabody Energy
Peabody Energy Corporation engages in coal mining business. The company operates through six segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, and Trading and Brokerage. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; and metallurgical coal that include hard coking coal, semi-hard coking coal, semi-soft coking coal, and low-volatile pulverized coal injection for industrial customers.
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