B. Riley Weighs in on Warrior Met Coal, Inc.’s Q3 2024 Earnings (NYSE:HCC)

Warrior Met Coal, Inc. (NYSE:HCC) – Investment analysts at B. Riley lowered their Q3 2024 EPS estimates for shares of Warrior Met Coal in a research note issued on Monday, April 15th. B. Riley analyst L. Pipes now forecasts that the company will earn $1.75 per share for the quarter, down from their prior forecast of $2.02. B. Riley has a “Buy” rating and a $87.00 price objective on the stock. The consensus estimate for Warrior Met Coal’s current full-year earnings is $8.41 per share. B. Riley also issued estimates for Warrior Met Coal’s Q4 2024 earnings at $1.71 EPS.

Several other research firms have also recently weighed in on HCC. UBS Group initiated coverage on shares of Warrior Met Coal in a research report on Tuesday, January 16th. They issued a “neutral” rating and a $68.00 price objective for the company. Citigroup upgraded shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and raised their price objective for the company from $60.00 to $75.00 in a research report on Thursday, April 11th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Warrior Met Coal presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.60.

Warrior Met Coal Price Performance

Shares of Warrior Met Coal stock traded down $3.17 during mid-day trading on Wednesday, reaching $65.05. 848,494 shares of the stock were exchanged, compared to its average volume of 847,703. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 7.41 and a beta of 1.09. The company has a current ratio of 7.24, a quick ratio of 5.99 and a debt-to-equity ratio of 0.10. The firm has a 50-day simple moving average of $58.63 and a 200 day simple moving average of $57.10. Warrior Met Coal has a fifty-two week low of $31.97 and a fifty-two week high of $69.97.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, February 14th. The company reported $2.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.67). The firm had revenue of $363.80 million for the quarter, compared to analyst estimates of $393.04 million. Warrior Met Coal had a return on equity of 28.99% and a net margin of 28.55%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.90 EPS.

Warrior Met Coal Dividend Announcement

The firm also recently declared a None dividend, which was paid on Thursday, March 7th. Stockholders of record on Friday, March 1st were given a dividend of $0.50 per share. The ex-dividend date was Thursday, February 29th. Warrior Met Coal’s dividend payout ratio is 3.48%.

Insider Transactions at Warrior Met Coal

In other Warrior Met Coal news, Director Alan H. Schumacher purchased 2,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was bought at an average price of $58.15 per share, for a total transaction of $116,300.00. Following the transaction, the director now directly owns 30,270 shares in the company, valued at $1,760,200.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HCC. USA Financial Formulas bought a new position in Warrior Met Coal during the 4th quarter worth approximately $25,000. Millburn Ridgefield Corp bought a new position in Warrior Met Coal during the 3rd quarter worth approximately $32,000. McGlone Suttner Wealth Management Inc. bought a new position in Warrior Met Coal during the 4th quarter worth approximately $38,000. Lazard Asset Management LLC boosted its stake in Warrior Met Coal by 117.7% during the 3rd quarter. Lazard Asset Management LLC now owns 899 shares of the company’s stock worth $45,000 after acquiring an additional 486 shares during the last quarter. Finally, Point72 Middle East FZE bought a new position in Warrior Met Coal during the 4th quarter worth approximately $45,000. Institutional investors own 92.28% of the company’s stock.

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.