Q3 2024 EPS Estimates for Warrior Met Coal, Inc. (NYSE:HCC) Decreased by B. Riley

Warrior Met Coal, Inc. (NYSE:HCC) – Equities researchers at B. Riley lowered their Q3 2024 earnings per share estimates for shares of Warrior Met Coal in a research report issued on Monday, April 15th. B. Riley analyst L. Pipes now anticipates that the company will post earnings per share of $1.75 for the quarter, down from their prior estimate of $2.02. B. Riley currently has a “Buy” rating and a $87.00 price objective on the stock. The consensus estimate for Warrior Met Coal’s current full-year earnings is $8.41 per share. B. Riley also issued estimates for Warrior Met Coal’s Q4 2024 earnings at $1.71 EPS.

A number of other research analysts have also commented on the company. UBS Group initiated coverage on Warrior Met Coal in a research report on Tuesday, January 16th. They issued a “neutral” rating and a $68.00 price objective on the stock. Citigroup upgraded Warrior Met Coal from a “neutral” rating to a “buy” rating and increased their price objective for the company from $60.00 to $75.00 in a research report on Thursday, April 11th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Warrior Met Coal has a consensus rating of “Moderate Buy” and an average price target of $67.60.

Warrior Met Coal Trading Down 4.7 %

HCC stock opened at $65.04 on Wednesday. The business has a fifty day moving average price of $58.74 and a 200 day moving average price of $57.15. Warrior Met Coal has a fifty-two week low of $31.97 and a fifty-two week high of $69.97. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 7.07 and a beta of 1.09. The company has a debt-to-equity ratio of 0.10, a current ratio of 7.24 and a quick ratio of 5.99.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Wednesday, February 14th. The company reported $2.49 earnings per share for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.67). Warrior Met Coal had a net margin of 28.55% and a return on equity of 28.99%. The business had revenue of $363.80 million for the quarter, compared to analyst estimates of $393.04 million. During the same period in the prior year, the business earned $1.90 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis.

Warrior Met Coal Dividend Announcement

The company also recently declared a None dividend, which was paid on Thursday, March 7th. Shareholders of record on Friday, March 1st were paid a $0.50 dividend. The ex-dividend date was Thursday, February 29th. Warrior Met Coal’s dividend payout ratio is 3.48%.

Insider Buying and Selling at Warrior Met Coal

In other news, Director Alan H. Schumacher purchased 2,000 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were purchased at an average price of $58.15 per share, with a total value of $116,300.00. Following the purchase, the director now directly owns 30,270 shares of the company’s stock, valued at approximately $1,760,200.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Warrior Met Coal

A number of hedge funds and other institutional investors have recently modified their holdings of HCC. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Warrior Met Coal by 50.0% during the third quarter. Adage Capital Partners GP L.L.C. now owns 75,000 shares of the company’s stock worth $3,831,000 after acquiring an additional 25,000 shares during the period. Graham Capital Wealth Management LLC bought a new stake in shares of Warrior Met Coal during the fourth quarter worth approximately $1,773,000. Hosking Partners LLP boosted its holdings in shares of Warrior Met Coal by 19.4% during the third quarter. Hosking Partners LLP now owns 314,865 shares of the company’s stock worth $16,083,000 after acquiring an additional 51,147 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Warrior Met Coal during the fourth quarter worth approximately $44,388,000. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Warrior Met Coal by 28.7% during the third quarter. Janney Montgomery Scott LLC now owns 58,179 shares of the company’s stock worth $2,972,000 after acquiring an additional 12,989 shares during the period. Institutional investors and hedge funds own 92.28% of the company’s stock.

About Warrior Met Coal

Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.