Warrior Met Coal (HCC) will release quarterly results on Thursday

Warrior Met Coal (NYSE:HCC – Get Rating) will announce its results after market close on Thursday, May 5. Analysts expect the company to report earnings of $2.42 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.
Warrior Met Coal (NYSE:HCC – Get Rating) last released quarterly earnings data on Tuesday, February 22. The company reported earnings per share of $3.17 for the quarter, beating Thomson Reuters consensus estimate of $1.81 from $1.36. The company posted revenue of $415.50 million for the quarter, versus analyst estimates of $302.64 million. Warrior Met Coal had a net margin of 14.24% and a return on equity of 30.60%. The company’s revenue for the quarter increased by 95.8% compared to the same quarter last year. In the same quarter of the previous year, the company achieved EPS of ($0.63). On average, analysts expect Warrior Met Coal to post EPS of $11 for the current fiscal year and EPS of $5 for the next fiscal year.
HCC stock opened at $35.00 on Thursday. The company has a quick ratio of 4.65, a current ratio of 5.14 and a leverage ratio of 0.46. The company has a market capitalization of $1.81 billion, a price/earnings ratio of 12.03 and a beta of 1.00. Warrior Met Coal has a 12-month low of $15.07 and a 12-month high of $42.95. The company has a 50-day moving average of $36.56 and a two-hundred-day moving average of $29.16.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 10. Shareholders of record on Thursday, March 3 received a dividend of $0.06. This represents an annualized dividend of $0.24 and a yield of 0.69%. This is an increase from Warrior Met Coal’s previous quarterly dividend of $0.05. The ex-dividend date was Wednesday, March 2. Warrior Met Coal’s payout ratio is currently 8.25%.
Several research companies have commented on HCC. B. Riley raised his price target on Warrior Met Coal shares from $28.00 to $36.00 in a Thursday, Feb. 3 research report. Jefferies Financial Group raised its price target on Warrior Met Coal shares from $34.00 to $36.00 and gave the stock a “holding” rating in a Wednesday, March 9 report. Zacks Investment Research moved shares of Warrior Met Coal from a “hold” rating to a “strong-buy” rating and set a price target of $44.00 for the company in a Tuesday, March 8 report. Finally, TheStreet upgraded Warrior Met Coal shares from a “c+” rating to a “b” rating in a Friday, March 4 report. Four research analysts gave the stock a hold rating, one gave the company a buy rating and one gave the company a strong buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $34.00.
Separately, COO Jack K. Richardson sold 4,365 shares in a trade dated Thursday, Feb. 3. The shares were sold at an average price of $30.00, for a total transaction of $130,950.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Insiders of the company hold 1.00% of the shares of the company.
A number of institutional investors and hedge funds have recently bought and sold shares of the company. The Ohio Public Employees Retirement System increased its stake in Warrior Met Coal shares by 5.1% in the 4th quarter. The Ohio Public Employees Retirement System now owns 13,753 shares of the company valued at $354,000 after purchasing an additional 664 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Warrior Met Coal by 1.9% in the 4th quarter. California State Teachers Retirement System now owns 71,225 shares of the company valued at $1,831,000 after purchasing an additional 1,320 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Warrior Met Coal by 2.2% in the 4th quarter. Parametric Portfolio Associates LLC now owns 122,250 shares of the company valued at $3,143,000 after purchasing an additional 2,631 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Warrior Met Coal by 18.8% in the fourth quarter. Stifel Financial Corp now owns 22,998 shares of the company valued at $591,000 after buying 3,639 additional shares in the last quarter. Finally, Legal & General Group Plc increased its equity stake in Warrior Met Coal by 3.4% in the 4th quarter. Legal & General Group Plc now owns 133,587 shares in the company valued at $3,435,000 after buying an additional 4,341 shares in the last quarter. Hedge funds and other institutional investors hold 84.91% of the company’s shares.
About Warrior Met Coal (Get a rating)
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 by-product of coal production.
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