Warrior Met Coal (NYSE:HCC – Get Free Report) posted its earnings results on Thursday. The company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.03, Briefing.com reports. Warrior Met Coal had a return on equity of 23.27% and a net margin of 25.01%. The firm had revenue of $396.52 million during the quarter, compared to analysts’ expectations of $387.91 million. During the same quarter in the previous year, the business earned $1.63 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year.
Warrior Met Coal Stock Down 4.3 %
HCC stock traded down $2.81 during midday trading on Friday, hitting $62.06. 1,281,373 shares of the company’s stock were exchanged, compared to its average volume of 721,437. The company has a current ratio of 6.86, a quick ratio of 5.85 and a debt-to-equity ratio of 0.10. Warrior Met Coal has a 12-month low of $38.01 and a 12-month high of $75.53. The firm has a 50 day moving average price of $67.45 and a 200-day moving average price of $63.84. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 7.47 and a beta of 1.05.
Warrior Met Coal Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $0.32 annualized dividend and a dividend yield of 0.52%. Warrior Met Coal’s payout ratio is currently 3.85%.
Analysts Set New Price Targets
View Our Latest Stock Analysis on HCC
Insiders Place Their Bets
In other news, CEO Walter J. Scheller sold 23,148 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $75.15, for a total value of $1,739,572.20. Following the completion of the sale, the chief executive officer now directly owns 340,485 shares in the company, valued at approximately $25,587,447.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Warrior Met Coal news, insider Kelli K. Gant sold 10,000 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $75.06, for a total value of $750,600.00. Following the transaction, the insider now owns 61,678 shares in the company, valued at $4,629,550.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Walter J. Scheller sold 23,148 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $75.15, for a total value of $1,739,572.20. Following the completion of the transaction, the chief executive officer now owns 340,485 shares in the company, valued at approximately $25,587,447.75. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.
Warrior Met Coal Company Profile
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.
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