Equities Analysts Set Expectations for HCC FY2024 Earnings

Warrior Met Coal, Inc. (NYSE:HCC) – Equities researchers at B. Riley lifted their FY2024 EPS estimates for shares of Warrior Met Coal in a research note issued on Thursday, October 31st. B. Riley analyst L. Pipes now forecasts that the company will earn $5.62 per share for the year, up from their prior forecast of $5.15. B. Riley has a “Buy” rating and a $90.00 price target on the stock. The consensus estimate for Warrior Met Coal’s current full-year earnings is $5.15 per share. B. Riley also issued estimates for Warrior Met Coal’s Q4 2024 earnings at $0.85 EPS and Q1 2025 earnings at $1.16 EPS.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.40. Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. The company had revenue of $327.72 million for the quarter, compared to analysts’ expectations of $322.21 million. During the same quarter in the prior year, the company earned $1.85 earnings per share. The firm’s revenue was down 22.6% on a year-over-year basis.

Separately, Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research note on Monday, August 5th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $75.75.

Warrior Met Coal Stock Performance

Shares of Warrior Met Coal stock opened at $65.56 on Monday. The stock has a market cap of $3.43 billion, a PE ratio of 9.06 and a beta of 1.02. Warrior Met Coal has a 12 month low of $44.76 and a 12 month high of $75.53. The company has a quick ratio of 5.37, a current ratio of 5.81 and a debt-to-equity ratio of 0.09. The business has a fifty day simple moving average of $59.65 and a 200-day simple moving average of $63.61.

Warrior Met Coal Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $0.32 dividend on an annualized basis and a yield of 0.49%. Warrior Met Coal’s payout ratio is presently 4.42%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Warrior Met Coal by 38.6% during the 2nd quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock worth $32,000 after purchasing an additional 144 shares during the last quarter. Blue Trust Inc. increased its position in Warrior Met Coal by 48.5% during the third quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $35,000 after acquiring an additional 180 shares during the period. EntryPoint Capital LLC bought a new stake in Warrior Met Coal in the 1st quarter valued at $54,000. Ausbil Investment Management Ltd acquired a new stake in Warrior Met Coal in the 2nd quarter worth $82,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Warrior Met Coal in the first quarter valued at about $104,000. 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.