Warrior Met Coal (NYSE:HCC) Announces Earnings Results

Warrior Met Coal (NYSE:HCC) posted its quarterly earnings results on Wednesday. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.40, Briefing.com reports. The firm had revenue of $327.72 million during the quarter, compared to the consensus estimate of $322.21 million. Warrior Met Coal had a return on equity of 22.71% and a net margin of 25.01%. The business’s revenue was down 22.6% compared to the same quarter last year. During the same period last year, the company earned $1.85 earnings per share.

Warrior Met Coal Price Performance

Shares of HCC traded up $1.09 during midday trading on Thursday, hitting $62.87. The company’s stock had a trading volume of 528,882 shares, compared to its average volume of 759,807. The company’s fifty day simple moving average is $59.42 and its two-hundred day simple moving average is $63.65. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 7.57 and a beta of 1.02. The company has a quick ratio of 5.37, a current ratio of 6.37 and a debt-to-equity ratio of 0.09. Warrior Met Coal has a one year low of $44.76 and a one year high of $75.53.

Warrior Met Coal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Tuesday, November 5th. Warrior Met Coal’s dividend payout ratio (DPR) is presently 3.85%.

Wall Street Analyst Weigh In

HCC has been the subject of a number of recent analyst reports. B. Riley increased their price target on shares of Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a research note on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $75.75.

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.