Warrior Met Coal (NYSE:HCC) Posts Earnings Results, Misses Estimates By $0.34 EPS

Warrior Met Coal (NYSE:HCC) issued its quarterly earnings data on Thursday. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.34), Zacks reports. The company had revenue of $297.47 million for the quarter, compared to analyst estimates of $331.70 million. Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%.

Warrior Met Coal Stock Performance

Shares of HCC stock traded down $4.40 during mid-day trading on Friday, reaching $49.69. The stock had a trading volume of 2,347,214 shares, compared to its average volume of 608,803. The firm’s 50 day simple moving average is $55.04 and its 200 day simple moving average is $59.87. The company has a quick ratio of 4.67, a current ratio of 5.81 and a debt-to-equity ratio of 0.09. Warrior Met Coal has a one year low of $49.33 and a one year high of $75.53. The firm has a market cap of $2.60 billion, a PE ratio of 6.86 and a beta of 1.07.

Warrior Met Coal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 24th will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.64%. Warrior Met Coal’s dividend payout ratio is currently 4.42%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HCC. Jefferies Financial Group lowered their target price on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, January 6th. B. Riley raised their target price on Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a report on Friday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Warrior Met Coal currently has an average rating of “Moderate Buy” and an average price target of $75.00.

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.