Warrior Met Coal, Inc. (NYSE:HCC) to Issue Quarterly Dividend of $0.08

Warrior Met Coal, Inc. (NYSE:HCC) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Monday, May 6th will be paid a dividend of 0.08 per share on Monday, May 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Friday, May 3rd.

Warrior Met Coal has raised its dividend by an average of 11.9% per year over the last three years and has increased its dividend annually for the last 3 consecutive years.

Warrior Met Coal Price Performance

Shares of HCC stock traded up $0.58 during mid-day trading on Friday, reaching $70.13. The stock had a trading volume of 1,113,320 shares, compared to its average volume of 704,879. Warrior Met Coal has a 12-month low of $31.97 and a 12-month high of $70.55. The company has a market cap of $3.67 billion, a P/E ratio of 7.62 and a beta of 1.09. The business has a 50-day simple moving average of $59.83 and a 200 day simple moving average of $57.95. The company has a current ratio of 7.24, a quick ratio of 5.99 and a debt-to-equity ratio of 0.10.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $2.49 earnings per share for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.67). Warrior Met Coal had a net margin of 28.55% and a return on equity of 28.99%. The firm had revenue of $363.80 million during the quarter, compared to analysts’ expectations of $393.04 million. During the same quarter in the prior year, the business earned $1.90 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Warrior Met Coal will post 6.83 earnings per share for the current year.

Insiders Place Their Bets

In other Warrior Met Coal news, Director Alan H. Schumacher purchased 2,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were purchased at an average cost of $58.15 per share, with a total value of $116,300.00. Following the purchase, the director now owns 30,270 shares in the company, valued at $1,760,200.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. UBS Group assumed coverage on Warrior Met Coal in a research note on Tuesday, January 16th. They set a “neutral” rating and a $68.00 price objective on the stock. Citigroup raised Warrior Met Coal from a “neutral” rating to a “buy” rating and increased their price objective for the company from $60.00 to $75.00 in a research note on Thursday, April 11th. Finally, B. Riley decreased their price objective on Warrior Met Coal from $89.00 to $87.00 and set a “buy” rating on the stock in a research note on Monday, April 15th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Warrior Met Coal presently has an average rating of “Moderate Buy” and an average price target of $67.60.

About Warrior Met Coal

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.