Warrior Met Coal, Inc. (HCC) To Go Ex-Dividend on August 6th

Warrior Met Coal, Inc. (NYSE:HCC) announced a quarterly dividend on Friday, July 26th, Wall Street Journal reports. Shareholders of record on Tuesday, August 6th will be paid a dividend of 0.08 per share on Tuesday, August 13th. This represents a $0.32 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Tuesday, August 6th.

Warrior Met Coal has raised its dividend payment by an average of 11.9% annually over the last three years. Warrior Met Coal has a payout ratio of 4.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Warrior Met Coal to earn $7.95 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 4.0%.

Warrior Met Coal Stock Down 4.3 %

Shares of HCC opened at $62.06 on Friday. Warrior Met Coal has a 12 month low of $38.01 and a 12 month high of $75.53. The stock has a market capitalization of $3.25 billion, a PE ratio of 7.47 and a beta of 1.05. The company has a current ratio of 6.86, a quick ratio of 5.85 and a debt-to-equity ratio of 0.10. The firm’s 50 day moving average is $67.45 and its 200-day moving average is $63.84.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Thursday, August 1st. The company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.32 by $0.03. Warrior Met Coal had a net margin of 25.01% and a return on equity of 23.27%. The business had revenue of $396.52 million during the quarter, compared to the consensus estimate of $387.91 million. During the same period in the previous year, the business earned $1.63 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. Equities research analysts forecast that Warrior Met Coal will post 7.36 EPS for the current year.

Insider Transactions at Warrior Met Coal

In other news, insider Kelli K. Gant sold 10,000 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total transaction of $750,600.00. Following the transaction, the insider now owns 61,678 shares of the company’s stock, valued at approximately $4,629,550.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Kelli K. Gant sold 10,000 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total value of $750,600.00. Following the sale, the insider now owns 61,678 shares in the company, valued at approximately $4,629,550.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Walter J. Scheller sold 23,148 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $75.15, for a total transaction of $1,739,572.20. Following the completion of the sale, 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. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HCC shares. Citigroup upgraded shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and upped their price target for the stock from $60.00 to $75.00 in a report on Thursday, April 11th. BMO Capital Markets boosted their price objective on shares of Warrior Met Coal from $62.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research note on Monday, July 1st. Finally, B. Riley upped their price target on shares of Warrior Met Coal from $91.00 to $92.00 and gave the company a “buy” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

About Warrior Met Coal

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.