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

Warrior Met Coal, Inc. (NYSE:HCC) declared a quarterly dividend on Friday, July 26th, Wall Street Journal reports. Investors of record on Tuesday, August 6th will be paid a dividend of 0.08 per share on Tuesday, August 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Tuesday, August 6th.

Warrior Met Coal has increased its dividend payment by an average of 11.9% annually over the last three years. Warrior Met Coal has a dividend payout ratio of 4.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Warrior Met Coal to earn $7.95 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 4.0%.

Warrior Met Coal Price Performance

Shares of NYSE:HCC opened at $62.06 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 5.85 and a current ratio of 6.86. The firm has a fifty day moving average price of $67.45 and a 200 day moving average price of $63.84. Warrior Met Coal has a fifty-two week low of $38.01 and a fifty-two week high of $75.53. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 7.47 and a beta of 1.05.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Thursday, August 1st. The company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.03. Warrior Met Coal had a net margin of 25.01% and a return on equity of 23.27%. The firm had revenue of $396.52 million during the quarter, compared to analyst estimates of $387.91 million. During the same quarter in the prior year, the business earned $1.63 earnings per share. Warrior Met Coal’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, sell-side analysts expect that Warrior Met Coal will post 7.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on HCC. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a research report on Monday, July 1st. Citigroup upgraded shares of 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 report on Thursday, April 11th. B. Riley increased their price objective on shares of Warrior Met Coal from $91.00 to $92.00 and gave the company a “buy” rating in a research report on Friday. Finally, BMO Capital Markets increased their price objective on shares of Warrior Met Coal from $62.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $73.00.

Insider Buying and Selling

In related news, insider Kelli K. Gant sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total value of $750,600.00. Following the transaction, the insider now owns 61,678 shares of the company’s stock, valued at approximately $4,629,550.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Warrior Met Coal news, insider Kelli K. Gant sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total transaction of $750,600.00. Following the transaction, the insider now owns 61,678 shares of the company’s stock, valued at approximately $4,629,550.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Walter J. Scheller sold 23,148 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $75.15, for a total transaction of $1,739,572.20. Following the transaction, the chief executive officer now directly owns 340,485 shares in the company, valued at approximately $25,587,447.75. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

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.