Warrior Met Coal, Inc. (NYSE:HCC) Announces $0.08 Quarterly Dividend

Warrior Met Coal, Inc. (NYSE:HCC) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Investors of record on Monday, May 6th will be paid a dividend of 0.08 per share on Monday, May 13th. This represents a $0.32 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Friday, May 3rd.

Warrior Met Coal has increased its dividend payment by an average of 11.9% per year over the last three years and has raised its dividend annually for the last 3 consecutive years.

Warrior Met Coal Stock Performance

Shares of HCC traded up $0.58 during trading hours on Friday, hitting $70.13. The stock had a trading volume of 1,113,320 shares, compared to its average volume of 704,879. The company has a debt-to-equity ratio of 0.10, a current ratio of 7.24 and a quick ratio of 5.99. Warrior Met Coal has a 12 month low of $31.97 and a 12 month high of $70.55. The firm has a market capitalization of $3.67 billion, a PE ratio of 7.62 and a beta of 1.09. The stock has a fifty day moving average price of $59.83 and a 200 day moving average price of $57.95.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $2.49 EPS for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.67). The company had revenue of $363.80 million during the quarter, compared to analysts’ expectations of $393.04 million. Warrior Met Coal had a return on equity of 28.99% and a net margin of 28.55%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.90 EPS. Analysts anticipate that Warrior Met Coal will post 6.83 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on HCC shares. B. Riley cut their target price on Warrior Met Coal from $89.00 to $87.00 and set a “buy” rating for the company in a research report on Monday, April 15th. UBS Group initiated coverage on Warrior Met Coal in a research note on Tuesday, January 16th. They set a “neutral” rating and a $68.00 price target for the company. Finally, Citigroup raised Warrior Met Coal from a “neutral” rating to a “buy” rating and increased their price target for the company from $60.00 to $75.00 in a research note on Thursday, April 11th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $67.60.

Insider Activity at Warrior Met Coal

In related news, Director Alan H. Schumacher acquired 2,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was acquired at an average cost of $58.15 per share, with a total value of $116,300.00. Following the purchase, the director now directly owns 30,270 shares of the company’s stock, valued at $1,760,200.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by corporate insiders.

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.