Peabody Energy Co. (NYSE:BTU) – Equities researchers at B. Riley cut their Q2 2019 EPS estimates for Peabody Energy in a research report issued on Wednesday, June 12th. B. Riley analyst L. Pipes now anticipates that the coal producer will post earnings per share of $1.39 for the quarter, down from their previous forecast of $1.43. B. Riley also issued estimates for Peabody Energy’s Q3 2019 earnings at $1.40 EPS, Q4 2019 earnings at $1.26 EPS, FY2019 earnings at $5.17 EPS, FY2020 earnings at $2.19 EPS and FY2021 earnings at $1.56 EPS.
Other equities research analysts have also recently issued research reports about the company. Deutsche Bank assumed coverage on Peabody Energy in a research note on Sunday, March 31st. They issued a “buy” rating and a $33.00 target price on the stock. BMO Capital Markets assumed coverage on Peabody Energy in a research note on Wednesday, March 20th. They issued a “market perform” rating and a $34.00 target price on the stock. MKM Partners cut their target price on Peabody Energy from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. Zacks Investment Research upgraded Peabody Energy from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Monday, May 6th. Finally, Credit Suisse Group assumed coverage on Peabody Energy in a research note on Wednesday, March 20th. They issued an “outperform” rating and a $42.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $37.63.
NYSE:BTU opened at $22.26 on Friday. Peabody Energy has a fifty-two week low of $22.19 and a fifty-two week high of $47.52. The company has a current ratio of 1.77, a quick ratio of 1.52 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.41 billion, a PE ratio of 7.07 and a beta of 0.89.
Peabody Energy (NYSE:BTU) last issued its quarterly earnings results on Wednesday, May 1st. The coal producer reported $1.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.65. Peabody Energy had a net margin of 10.61% and a return on equity of 12.55%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the company earned $0.83 EPS. Peabody Energy’s revenue was down 14.5% on a year-over-year basis.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 22nd were paid a $0.14 dividend. This is a boost from Peabody Energy’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $0.56 annualized dividend and a yield of 2.52%. Peabody Energy’s payout ratio is presently 17.78%.
In other Peabody Energy news, EVP Charles F. Meintjes sold 35,779 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $23.68, for a total transaction of $847,246.72. Following the transaction, the executive vice president now owns 123,398 shares of the company’s stock, valued at approximately $2,922,064.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider George John Schuller, Jr. sold 16,971 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $27.98, for a total value of $474,848.58. Following the transaction, the insider now directly owns 45,164 shares in the company, valued at approximately $1,263,688.72. The disclosure for this sale can be found here. Insiders have sold a total of 86,759 shares of company stock worth $2,273,315 in the last ninety days. Insiders own 0.75% of the company’s stock.
Large investors have recently bought and sold shares of the business. Smith Asset Management Group LP purchased a new position in Peabody Energy during the 4th quarter valued at about $33,000. Ladenburg Thalmann Financial Services Inc. increased its position in Peabody Energy by 103.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,024 shares of the coal producer’s stock worth $58,000 after purchasing an additional 1,028 shares during the period. Quantamental Technologies LLC acquired a new stake in Peabody Energy in the first quarter worth about $110,000. One Wealth Advisors LLC acquired a new stake in Peabody Energy in the first quarter worth about $151,000. Finally, Convergence Investment Partners LLC acquired a new stake in Peabody Energy in the first quarter worth about $201,000.
About Peabody Energy
Peabody Energy Corp. engages in the business of coal mining. It operates through the following segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Seaborne Metallurgical Mining, Seaborne Thermal Mining, and Corporate and Other. The Powder River Basin Mining segment consists of its mines in Wyoming.
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