B. Riley Has Pessimistic Outlook of HCC FY2024 Earnings

Warrior Met Coal, Inc. (NYSE:HCC) – Equities research analysts at B. Riley reduced their FY2024 earnings estimates for shares of Warrior Met Coal in a research report issued on Thursday, January 30th. B. Riley analyst N. Giles now forecasts that the company will earn $5.30 per share for the year, down from their prior forecast of $5.62. B. Riley currently has a “Buy” rating and a $90.00 price objective on the stock. The consensus estimate for Warrior Met Coal’s current full-year earnings is $5.62 per share. B. Riley also issued estimates for Warrior Met Coal’s FY2026 earnings at $10.84 EPS.

Separately, Jefferies Financial Group cut their price objective on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Warrior Met Coal has a consensus rating of “Moderate Buy” and a consensus price target of $75.00.

Warrior Met Coal Stock Performance

HCC opened at $52.81 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.67 and a current ratio of 5.81. Warrior Met Coal has a 52-week low of $49.97 and a 52-week high of $75.53. The firm has a market cap of $2.76 billion, a P/E ratio of 7.29 and a beta of 1.09. The business’s fifty day moving average is $58.25 and its 200-day moving average is $60.93.

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

Institutional Investors Weigh In On Warrior Met Coal

A number of large investors have recently modified their holdings of HCC. Sei Investments Co. lifted its position in shares of Warrior Met Coal by 56.1% during the 2nd quarter. Sei Investments Co. now owns 36,223 shares of the company’s stock worth $2,274,000 after buying an additional 13,021 shares during the last quarter. Marshall Wace LLP acquired a new position in Warrior Met Coal during the second quarter worth about $421,000. Mackenzie Financial Corp bought a new position in shares of Warrior Met Coal in the second quarter worth about $203,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Warrior Met Coal in the 2nd quarter valued at approximately $270,000. Finally, Creative Planning grew its holdings in shares of Warrior Met Coal by 19.2% during the 2nd quarter. Creative Planning now owns 20,362 shares of the company’s stock valued at $1,278,000 after purchasing an additional 3,284 shares during the last quarter. 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.