Warrior Met Coal (NYSE:HCC) Issues Quarterly Earnings Results, Misses Expectations By $0.34 EPS

Warrior Met Coal (NYSE:HCC) announced its earnings results on Thursday. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.34), Zacks reports. Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%.

Warrior Met Coal Stock Up 2.9 %

HCC traded up $1.53 on Thursday, hitting $54.18. 838,207 shares of the company were exchanged, compared to its average volume of 680,271. The stock’s fifty day moving average is $55.57 and its 200-day moving average is $60.03. Warrior Met Coal has a 12 month low of $49.97 and a 12 month high of $75.53. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.67 and a current ratio of 5.81. The company has a market cap of $2.83 billion, a PE ratio of 7.48 and a beta of 1.07.

Warrior Met Coal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 24th will be paid a dividend of $0.08 per share. 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 0.59%. Warrior Met Coal’s dividend payout ratio is 4.42%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Jefferies Financial Group reduced their price objective on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, January 6th. B. Riley boosted their target price on Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock 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.