Q3 2024 EPS Estimates for Peabody Energy Co. (NYSE:BTU) Lowered by B. Riley

Peabody Energy Co. (NYSE:BTU) – Research analysts at B. Riley lowered their Q3 2024 earnings per share estimates for shares of Peabody Energy in a note issued to investors on Wednesday, October 9th. B. Riley analyst L. Pipes now expects that the coal producer will earn $0.67 per share for the quarter, down from their previous estimate of $0.68. B. Riley currently has a “Buy” rating and a $34.00 price objective on the stock. The consensus estimate for Peabody Energy’s current full-year earnings is $2.98 per share.

Peabody Energy (NYSE:BTU) last posted its earnings results on Thursday, August 1st. The coal producer reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.90. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1 billion. Peabody Energy had a net margin of 12.69% and a return on equity of 15.35%.

Separately, BMO Capital Markets increased their price target on shares of Peabody Energy from $25.00 to $26.00 and gave the company a “market perform” rating in a research report on Thursday.

Peabody Energy Price Performance

Shares of BTU stock opened at $27.11 on Friday. The stock’s 50-day moving average is $23.31 and its 200 day moving average is $23.16. Peabody Energy has a 1-year low of $20.21 and a 1-year high of $27.24. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.49 and a quick ratio of 1.92. The company has a market cap of $3.41 billion, a P/E ratio of 7.02 and a beta of 0.96.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP raised its stake in Peabody Energy by 32.3% in the fourth quarter. GSA Capital Partners LLP now owns 134,193 shares of the coal producer’s stock valued at $3,264,000 after buying an additional 32,775 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Peabody Energy by 552.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 166,651 shares of the coal producer’s stock worth $4,043,000 after purchasing an additional 141,118 shares in the last quarter. SG Americas Securities LLC boosted its stake in Peabody Energy by 227.0% in the 1st quarter. SG Americas Securities LLC now owns 33,699 shares of the coal producer’s stock worth $818,000 after purchasing an additional 23,393 shares in the last quarter. Vanguard Group Inc. grew its position in Peabody Energy by 21.5% during the 1st quarter. Vanguard Group Inc. now owns 13,957,602 shares of the coal producer’s stock worth $338,611,000 after purchasing an additional 2,473,286 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new position in Peabody Energy during the 4th quarter valued at approximately $5,208,000. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Peabody Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.30 annualized dividend and a dividend yield of 1.11%. Peabody Energy’s dividend payout ratio is presently 7.77%.

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.