B. Riley Weighs in on Peabody Energy Co.’s Q2 2024 Earnings (NYSE:BTU)

Peabody Energy Co. (NYSE:BTU) – B. Riley lowered their Q2 2024 EPS estimates for Peabody Energy in a note issued to investors on Friday, May 3rd. B. Riley analyst L. Pipes now anticipates that the coal producer will post earnings per share of $0.55 for the quarter, down from their prior forecast of $0.71. B. Riley currently has a “Buy” rating and a $31.00 target price on the stock. The consensus estimate for Peabody Energy’s current full-year earnings is $2.45 per share. B. Riley also issued estimates for Peabody Energy’s Q3 2024 earnings at $0.66 EPS and Q4 2024 earnings at $0.76 EPS.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings data on Thursday, May 2nd. The coal producer reported $0.30 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.30. The company had revenue of $983.60 million for the quarter, compared to analyst estimates of $980.03 million. Peabody Energy had a net margin of 11.62% and a return on equity of 14.98%. The business’s quarterly revenue was down 27.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.69 earnings per share.

BTU has been the topic of a number of other research reports. Benchmark reiterated a “buy” rating and set a $28.00 price objective on shares of Peabody Energy in a research note on Friday. BMO Capital Markets decreased their price target on shares of Peabody Energy from $25.00 to $24.00 and set a “market perform” rating for the company in a research report on Friday. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $28.25.

Peabody Energy Trading Down 0.9 %

BTU opened at $21.86 on Monday. The firm has a market capitalization of $2.78 billion, a P/E ratio of 6.09 and a beta of 1.01. The firm’s 50 day moving average is $24.08 and its 200-day moving average is $24.31. Peabody Energy has a 52-week low of $17.71 and a 52-week high of $27.24. The company has a quick ratio of 1.86, a current ratio of 2.36 and a debt-to-equity ratio of 0.09.

Hedge Funds Weigh In On Peabody Energy

A number of hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings in Peabody Energy by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,147,834 shares of the coal producer’s stock worth $173,838,000 after purchasing an additional 273,768 shares during the period. Boston Partners boosted its holdings in Peabody Energy by 7.0% in the fourth quarter. Boston Partners now owns 6,729,856 shares of the coal producer’s stock worth $163,968,000 after purchasing an additional 437,585 shares during the period. Gendell Jeffrey L lifted its stake in Peabody Energy by 18.6% in the third quarter. Gendell Jeffrey L now owns 2,194,474 shares of the coal producer’s stock valued at $57,034,000 after buying an additional 344,793 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Peabody Energy by 0.4% in the first quarter. Assenagon Asset Management S.A. now owns 2,163,939 shares of the coal producer’s stock valued at $52,497,000 after buying an additional 9,404 shares during the last quarter. Finally, Thomist Capital Management LP lifted its stake in Peabody Energy by 483.0% in the first quarter. Thomist Capital Management LP now owns 2,024,769 shares of the coal producer’s stock valued at $49,121,000 after buying an additional 1,677,448 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

Insider Transactions at Peabody Energy

In other news, Director Nicholas J. Chirekos sold 14,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $25.50, for a total transaction of $357,000.00. Following the completion of the sale, the director now owns 24,279 shares of the company’s stock, valued at $619,114.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Peabody Energy news, Director Nicholas J. Chirekos sold 14,000 shares of Peabody Energy stock in a transaction on Monday, February 12th. The shares were sold at an average price of $25.50, for a total value of $357,000.00. Following the completion of the transaction, the director now owns 24,279 shares of the company’s stock, valued at $619,114.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Darren Ronald Yeates sold 31,980 shares of Peabody Energy stock in a transaction on Monday, February 12th. The stock was sold at an average price of $25.48, for a total transaction of $814,850.40. Following the completion of the transaction, the chief operating officer now directly owns 78,307 shares of the company’s stock, valued at approximately $1,995,262.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,806 shares of company stock valued at $1,339,565. 0.40% of the stock is currently owned by corporate insiders.

Peabody Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Wednesday, May 15th. Peabody Energy’s payout ratio is currently 8.36%.

About Peabody Energy

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Brazil, Belgium, Chile, France, Indonesia, China, Vietnam, South Korea, Germany, and internationally. The company operates through Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S.