Q4 2024 EPS Estimates for Peabody Energy Co. Reduced by B. Riley (NYSE:BTU)

Peabody Energy Co. (NYSE:BTU) – Equities researchers at B. Riley reduced their Q4 2024 earnings per share (EPS) estimates for shares of Peabody Energy in a note issued to investors on Wednesday, October 9th. B. Riley analyst L. Pipes now forecasts that the coal producer will post earnings of $0.92 per share for the quarter, down from their previous estimate of $1.00. B. Riley currently has a “Buy” rating and a $34.00 price target on the stock. The consensus estimate for Peabody Energy’s current full-year earnings is $2.98 per share. B. Riley also issued estimates for Peabody Energy’s FY2025 earnings at $2.78 EPS.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings results on Thursday, August 1st. The coal producer reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.90. Peabody Energy had a net margin of 12.69% and a return on equity of 15.35%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1 billion.

Separately, BMO Capital Markets boosted their price target on shares of Peabody Energy from $25.00 to $26.00 and gave the stock a “market perform” rating in a research note on Thursday, October 10th.

Peabody Energy Price Performance

Shares of BTU opened at $25.42 on Monday. The company has a market cap of $3.24 billion, a P/E ratio of 7.08 and a beta of 0.96. Peabody Energy has a fifty-two week low of $20.21 and a fifty-two week high of $27.24. The company has a quick ratio of 1.92, a current ratio of 2.49 and a debt-to-equity ratio of 0.09. The firm’s 50 day moving average price is $23.60 and its 200 day moving average price is $23.20.

Institutional Trading of Peabody Energy

Hedge funds have recently added to or reduced their stakes in the company. Creative Planning increased its position in shares of Peabody Energy by 62.7% in the 3rd quarter. Creative Planning now owns 17,757 shares of the coal producer’s stock valued at $471,000 after purchasing an additional 6,844 shares during the last quarter. CX Institutional purchased a new position in Peabody Energy in the third quarter valued at $3,133,000. Exchange Traded Concepts LLC increased its holdings in Peabody Energy by 15.1% in the third quarter. Exchange Traded Concepts LLC now owns 20,293 shares of the coal producer’s stock valued at $539,000 after buying an additional 2,665 shares during the last quarter. Cypress Wealth Services LLC purchased a new stake in Peabody Energy during the 3rd quarter worth about $204,000. Finally, GAMMA Investing LLC boosted its position in shares of Peabody Energy by 292.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,057 shares of the coal producer’s stock worth $55,000 after acquiring an additional 1,533 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

Peabody Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.18%. Peabody Energy’s payout ratio is 8.36%.

About Peabody Energy

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Brazil, Belgium, Chile, France, Indonesia, China, Vietnam, South Korea, Germany, and internationally. The company operates through Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S.