Warrior Met Coal (NYSE:HCC) Announces Quarterly Dividend of $0.08

Warrior Met Coal (NYSE:HCC) declared a quarterly dividend on Tuesday, October 27th. Stockholders of record on Friday, November 6th will be paid a dividend of $0.08 per share on Friday, November 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, November 6th.

Warrior Met Coal has increased its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 1 years. Warrior Met Coal has a payout ratio of 7.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Warrior Met Coal to earn $9.47 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 3.4%.

Warrior Met Coal Trading Down 1.9%

Shares of Warrior Met Coal stock opened at $80.64 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.93 and a quick ratio of 2.79. Warrior Met Coal has a 1 year low of $64.27 and a 1 year high of $111.42. The company has a market capitalization of $4.26 billion, a P/E ratio of 19.38 and a beta of 0.75. The business has a 50 day moving average price of $92.96 and a 200 day moving average price of $90.05.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.25. The firm had revenue of $509.69 million for the quarter, compared to analyst estimates of $488.46 million. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%. Warrior Met Coal’s revenue was up 71.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. Sell-side analysts anticipate that Warrior Met Coal will post 6.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Jefferies Financial Group reissued a “buy” rating on shares of Warrior Met Coal in a research report on Thursday, October 29th. Zacks Research downgraded Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. UBS Group increased their price objective on Warrior Met Coal from $98.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, October 8th. Royal Bank Of Canada increased their price objective on Warrior Met Coal from $90.00 to $110.00 and gave the company a “sector perform” rating in a research note on Wednesday, September 16th. Finally, Wall Street Zen cut Warrior Met Coal from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $104.33.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc is a mining company focused on the production and export of high-quality metallurgical coal, also known as met coal. Its products are used primarily by steelmakers in the blast-furnace steelmaking process, where metallurgical coal is converted into coke to support the production of iron and steel.

The company operates underground coal mines and related processing facilities in the Brookwood coal-producing region of Alabama. Warrior Met Coal primarily produces premium hard coking coal and sells its products to customers in international steel markets, serving regions that include Europe, Asia, and the Americas.

Warrior Met Coal was formed from the assets of Walter Energy after Walter Energy’s bankruptcy and began operating as an independent public company in 2016.