Warrior Met Coal (NYSE:HCC) Issues Quarterly Earnings Results

Warrior Met Coal (NYSE:HCC) announced its quarterly earnings results on Thursday. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.34), Zacks reports. Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%.

Warrior Met Coal Trading Up 2.9 %

NYSE:HCC opened at $54.18 on Friday. The company has a market capitalization of $2.83 billion, a PE ratio of 7.48 and a beta of 1.07. The company has a quick ratio of 4.67, a current ratio of 5.81 and a debt-to-equity ratio of 0.09. Warrior Met Coal has a 52-week low of $49.97 and a 52-week high of $75.53. The stock has a fifty day simple moving average of $55.32 and a 200-day simple moving average of $59.99.

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 24th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Monday, February 24th. Warrior Met Coal’s dividend payout ratio (DPR) is presently 4.42%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. B. Riley raised their target price on shares of Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group lowered their price objective on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Warrior Met Coal currently has an average rating of “Moderate Buy” and an average price target of $75.00.

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.