Q4 2024 Earnings Estimate for Peabody Energy Co. Issued By B. Riley (NYSE:BTU)

Peabody Energy Co. (NYSE:BTU) – Research analysts at B. Riley dropped their Q4 2024 earnings per share (EPS) estimates for Peabody Energy in a research report issued on Monday, April 15th. B. Riley analyst L. Pipes now forecasts that the coal producer will earn $0.86 per share for the quarter, down from their previous forecast of $1.01. B. Riley currently has a “Buy” rating and a $32.00 target price on the stock. The consensus estimate for Peabody Energy’s current full-year earnings is $3.66 per share. B. Riley also issued estimates for Peabody Energy’s FY2025 earnings at $2.58 EPS.

Separately, Benchmark restated a “buy” rating and set a $28.00 price target on shares of Peabody Energy in a research report on Friday, April 12th.

Peabody Energy Trading Down 0.2 %

Shares of BTU opened at $24.04 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.06 and a quick ratio of 1.70. Peabody Energy has a 1-year low of $17.71 and a 1-year high of $27.24. The company has a market capitalization of $3.06 billion, a P/E ratio of 4.83 and a beta of 0.98. The firm’s 50 day simple moving average is $24.55 and its 200 day simple moving average is $24.53.

Peabody Energy (NYSE:BTU) last released its quarterly earnings results on Thursday, February 8th. The coal producer reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.08). Peabody Energy had a net margin of 15.36% and a return on equity of 21.45%. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the business earned $2.65 EPS. The business’s revenue was down 24.1% on a year-over-year basis.

Hedge Funds Weigh In On Peabody Energy

Several hedge funds and other institutional investors have recently bought and sold shares of BTU. Harbour Investments Inc. increased its position in Peabody Energy by 323.1% during the fourth quarter. Harbour Investments Inc. now owns 1,100 shares of the coal producer’s stock valued at $29,000 after acquiring an additional 840 shares during the last quarter. Financial Management Professionals Inc. bought a new position in Peabody Energy in the third quarter worth approximately $30,000. Main Street Group LTD purchased a new position in shares of Peabody Energy during the 4th quarter worth $29,000. EverSource Wealth Advisors LLC grew its position in shares of Peabody Energy by 84.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,240 shares of the coal producer’s stock valued at $32,000 after acquiring an additional 568 shares during the period. Finally, Quarry LP increased its stake in shares of Peabody Energy by 1,079.8% in the 1st quarter. Quarry LP now owns 1,345 shares of the coal producer’s stock worth $34,000 after purchasing an additional 1,231 shares in the last quarter. Institutional investors own 87.44% of the company’s stock.

Insider Buying and Selling at Peabody Energy

In related news, CFO Mark Spurbeck sold 6,826 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $24.57, for a total transaction of $167,714.82. Following the sale, the chief financial officer now directly owns 75,464 shares of the company’s stock, valued at approximately $1,854,150.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Darren Ronald Yeates sold 31,980 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $25.48, for a total value of $814,850.40. Following the completion of the transaction, the chief operating officer now owns 78,307 shares in the company, valued at $1,995,262.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark Spurbeck sold 6,826 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $24.57, for a total value of $167,714.82. Following the sale, the chief financial officer now directly owns 75,464 shares in the company, valued at $1,854,150.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,806 shares of company stock worth $1,339,565. 0.40% of the stock is owned by insiders.

Peabody Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Thursday, February 22nd were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Wednesday, February 21st. Peabody Energy’s dividend payout ratio (DPR) is presently 6.02%.

About Peabody Energy

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Brazil, Belgium, Chile, France, Indonesia, China, Vietnam, South Korea, Germany, and internationally. The company operates through Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S.