Brokers Set Expectations for Warrior Met Coal Inc’s Q1 2019 Earnings (HCC)

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Warrior Met Coal Inc (NYSE:HCC) – Stock analysts at Jefferies Financial Group issued their Q1 2019 earnings per share estimates for Warrior Met Coal in a report issued on Wednesday, March 13th. Jefferies Financial Group analyst C. Lafemina expects that the company will earn $1.55 per share for the quarter. Jefferies Financial Group has a “Buy” rating and a $35.00 price objective on the stock. Jefferies Financial Group also issued estimates for Warrior Met Coal’s Q2 2019 earnings at $1.52 EPS, Q3 2019 earnings at $1.21 EPS, Q4 2019 earnings at $1.24 EPS, FY2019 earnings at $5.54 EPS, FY2020 earnings at $4.43 EPS, FY2021 earnings at $3.54 EPS, FY2022 earnings at $4.11 EPS and FY2023 earnings at $5.00 EPS.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Thursday, February 21st. The company reported $2.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.22. The business had revenue of $360.36 million during the quarter, compared to the consensus estimate of $334.92 million. Warrior Met Coal had a return on equity of 92.83% and a net margin of 50.56%. The firm’s revenue for the quarter was up 50.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.83 earnings per share.

Other equities research analysts also recently issued research reports about the company. Citigroup boosted their price objective on Warrior Met Coal from $32.00 to $33.00 and gave the company a “buy” rating in a report on Monday, December 3rd. B. Riley set a $33.00 price objective on Warrior Met Coal and gave the company a “hold” rating in a report on Tuesday, February 26th. Zacks Investment Research downgraded Warrior Met Coal from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Finally, ValuEngine upgraded Warrior Met Coal from a “strong sell” rating to a “sell” rating in a report on Monday, February 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $32.56.

Shares of HCC stock opened at $28.60 on Friday. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 3.30 and a beta of 0.57. Warrior Met Coal has a fifty-two week low of $20.88 and a fifty-two week high of $31.71. The company has a quick ratio of 3.31, a current ratio of 3.77 and a debt-to-equity ratio of 0.69.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were issued a dividend of $0.05 per share. The ex-dividend date was Friday, March 1st. This represents a $0.20 annualized dividend and a dividend yield of 0.70%. Warrior Met Coal’s dividend payout ratio is 2.31%.

In related news, CEO Walter J. Scheller sold 34,283 shares of the company’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $28.91, for a total transaction of $991,121.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kelli K. Gant sold 10,000 shares of the company’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $28.83, for a total value of $288,300.00. The disclosure for this sale can be found here. Corporate insiders own 0.51% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. grew its holdings in Warrior Met Coal by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 9,916 shares of the company’s stock worth $239,000 after buying an additional 386 shares in the last quarter. Brandywine Global Investment Management LLC boosted its position in Warrior Met Coal by 0.5% in the fourth quarter. Brandywine Global Investment Management LLC now owns 172,760 shares of the company’s stock worth $4,166,000 after purchasing an additional 893 shares during the last quarter. Legal & General Group Plc boosted its position in Warrior Met Coal by 13.4% in the fourth quarter. Legal & General Group Plc now owns 8,049 shares of the company’s stock worth $194,000 after purchasing an additional 950 shares during the last quarter. Menta Capital LLC boosted its position in Warrior Met Coal by 5.2% in the fourth quarter. Menta Capital LLC now owns 20,373 shares of the company’s stock worth $491,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Gotham Asset Management LLC boosted its position in Warrior Met Coal by 7.1% in the fourth quarter. Gotham Asset Management LLC now owns 19,744 shares of the company’s stock worth $476,000 after purchasing an additional 1,309 shares during the last quarter.

About Warrior Met Coal

Warrior Met Coal, Inc produces and exports 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.

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Earnings History and Estimates for Warrior Met Coal (NYSE:HCC)

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