Peabody Energy Corporation (BTU) to Issue Quarterly Dividend of $0.08 on June 8th

Peabody Energy Corporation (NYSE:BTU) announced a quarterly dividend on Tuesday, May 5th. Investors of record on Tuesday, May 19th will be paid a dividend of 0.075 per share by the coal producer on Monday, June 8th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, May 19th.

Peabody Energy has a payout ratio of 10.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Peabody Energy to earn $2.98 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 10.1%.

Peabody Energy Trading Up 0.1%

Shares of Peabody Energy stock opened at $25.02 on Thursday. The firm has a market capitalization of $3.05 billion, a PE ratio of -25.27 and a beta of 0.35. The company has a current ratio of 1.87, a quick ratio of 1.40 and a debt-to-equity ratio of 0.09. The firm’s 50 day moving average is $31.80 and its 200 day moving average is $31.47. Peabody Energy has a 1 year low of $12.58 and a 1 year high of $41.14.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings results on Tuesday, May 5th. The coal producer reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.43). The company had revenue of $973.30 million for the quarter, compared to the consensus estimate of $977.42 million. Peabody Energy had a negative net margin of 3.07% and a negative return on equity of 2.80%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted $0.27 earnings per share. Equities research analysts forecast that Peabody Energy will post 2.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BTU shares. B. Riley Financial lowered shares of Peabody Energy from a “buy” rating to a “neutral” rating and decreased their price target for the company from $42.00 to $30.00 in a report on Thursday, April 30th. Zacks Research lowered shares of Peabody Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday. Jefferies Financial Group lifted their price target on shares of Peabody Energy from $42.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Weiss Ratings lowered shares of Peabody Energy from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 20th. Finally, Wall Street Zen raised shares of Peabody Energy from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Peabody Energy has an average rating of “Hold” and an average target price of $34.13.

Peabody Energy Company Profile

Peabody Energy Corporation is one of the world’s largest private-sector coal companies, engaged primarily in the production and sale of metallurgical and thermal coal. The company’s operations span surface and underground mines, serving utilities, steel mills and other industrial customers that rely on coal as an essential component in power generation and steelmaking. Peabody’s product portfolio includes high-energy thermal coal for electricity generation and low-volatile metallurgical coal used in steel production, reflecting its diverse end-market reach.

Founded in 1883, Peabody Energy has grown from a regional mining concern into a global energy supplier.