Warrior Met Coal, Inc. (NYSE:HCC) to Post Q3 2024 Earnings of $1.36 Per Share, B. Riley Forecasts

Warrior Met Coal, Inc. (NYSE:HCC) – Analysts at B. Riley reduced their Q3 2024 earnings per share (EPS) estimates for shares of Warrior Met Coal in a report released on Monday, July 22nd. B. Riley analyst L. Pipes now anticipates that the company will post earnings per share of $1.36 for the quarter, down from their previous forecast of $1.45. B. Riley currently has a “Buy” rating and a $91.00 price objective on the stock. The consensus estimate for Warrior Met Coal’s current full-year earnings is $7.36 per share. B. Riley also issued estimates for Warrior Met Coal’s FY2024 earnings at $6.85 EPS.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.61. Warrior Met Coal had a net margin of 25.94% and a return on equity of 24.71%. The firm had revenue of $503.50 million for the quarter, compared to analysts’ expectations of $474.99 million. During the same quarter last year, the company posted $3.57 EPS. The business’s quarterly revenue was down 1.2% on a year-over-year basis.

HCC has been the subject of a number of other research reports. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research report on Monday, July 1st. BMO Capital Markets upped their price objective on shares of Warrior Met Coal from $62.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Finally, Citigroup upgraded shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $60.00 to $75.00 in a research report on Thursday, April 11th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $72.80.

Warrior Met Coal Trading Down 0.9 %

NYSE HCC opened at $67.69 on Wednesday. The stock’s 50-day simple moving average is $67.33 and its two-hundred day simple moving average is $63.70. Warrior Met Coal has a twelve month low of $38.01 and a twelve month high of $75.53. The company has a quick ratio of 5.85, a current ratio of 6.86 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 8.15 and a beta of 1.05.

Hedge Funds Weigh In On Warrior Met Coal

A number of hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Warrior Met Coal by 2.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,299,563 shares of the company’s stock worth $78,885,000 after buying an additional 30,053 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Warrior Met Coal by 33.8% during the first quarter. Assenagon Asset Management S.A. now owns 974,247 shares of the company’s stock valued at $59,137,000 after buying an additional 246,217 shares during the period. Allianz Asset Management GmbH increased its holdings in Warrior Met Coal by 9.7% during the fourth quarter. Allianz Asset Management GmbH now owns 729,620 shares of the company’s stock valued at $44,485,000 after buying an additional 64,672 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Warrior Met Coal by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 523,538 shares of the company’s stock worth $31,920,000 after acquiring an additional 5,537 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its holdings in Warrior Met Coal by 4.0% in the 1st quarter. Bridgeway Capital Management LLC now owns 302,546 shares of the company’s stock worth $18,365,000 after purchasing an additional 11,725 shares during the period. Institutional investors own 92.28% of the company’s stock.

Insider Activity

In other news, CEO Walter J. Scheller sold 23,148 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 340,485 shares of the company’s stock, valued at $25,587,447.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Walter J. Scheller sold 23,148 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $75.15, for a total value of $1,739,572.20. Following the completion of the transaction, the chief executive officer now directly owns 340,485 shares of the company’s stock, valued at $25,587,447.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kelli K. Gant sold 10,000 shares of Warrior Met Coal stock in a transaction that occurred on 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 directly owns 61,678 shares in the company, valued at $4,629,550.68. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

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.