Warrior Met Coal, Inc. (NYSE:HCC) Expected to Earn Q3 2024 Earnings of $1.30 Per Share

Warrior Met Coal, Inc. (NYSE:HCC) – Equities research analysts at B. Riley dropped their Q3 2024 earnings per share estimates for Warrior Met Coal in a research report issued on Friday, August 2nd. B. Riley analyst L. Pipes now anticipates that the company will post earnings of $1.30 per share for the quarter, down from their prior forecast of $1.36. B. Riley currently has a “Buy” rating and a $92.00 price target on the stock. The consensus estimate for Warrior Met Coal’s current full-year earnings is $7.36 per share. B. Riley also issued estimates for Warrior Met Coal’s FY2024 earnings at $6.87 EPS, Q1 2025 earnings at $1.80 EPS, Q3 2025 earnings at $1.86 EPS, Q4 2025 earnings at $1.80 EPS, FY2025 earnings at $7.39 EPS, Q2 2026 earnings at $2.00 EPS and FY2026 earnings at $7.67 EPS.

A number of other research analysts also recently issued reports on the company. Citigroup raised Warrior Met Coal from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $60.00 to $75.00 in a research note on Thursday, April 11th. BMO Capital Markets boosted their price target on Warrior Met Coal from $62.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Finally, Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a research report on Monday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Warrior Met Coal has a consensus rating of “Moderate Buy” and an average price target of $73.00.

Warrior Met Coal Price Performance

HCC stock opened at $60.86 on Monday. The company has a quick ratio of 5.85, a current ratio of 6.86 and a debt-to-equity ratio of 0.10. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 7.32 and a beta of 1.05. The company’s fifty day simple moving average is $67.22 and its 200 day simple moving average is $63.73. Warrior Met Coal has a 12-month low of $38.14 and a 12-month high of $75.53.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Thursday, August 1st. The company reported $1.35 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $387.91 million. During the same quarter in the previous year, the company earned $1.63 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis.

Warrior Met Coal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $0.32 dividend on an annualized basis and a yield of 0.53%. Warrior Met Coal’s dividend payout ratio (DPR) is presently 3.85%.

Insider Activity

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

Hedge Funds Weigh In On Warrior Met Coal

Several hedge funds have recently modified their holdings of the company. USA Financial Formulas purchased a new stake in Warrior Met Coal during the fourth quarter worth about $25,000. GAMMA Investing LLC increased its stake in shares of Warrior Met Coal by 38.6% during the 2nd quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock worth $32,000 after purchasing an additional 144 shares during the last quarter. SYSTM Wealth Solutions LLC bought a new stake in shares of Warrior Met Coal in the 1st quarter worth approximately $39,000. EntryPoint Capital LLC purchased a new position in Warrior Met Coal in the first quarter valued at approximately $54,000. Finally, Quadrant Capital Group LLC grew its holdings in Warrior Met Coal by 79.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $61,000 after purchasing an additional 442 shares during the period. Institutional investors own 92.28% of the company’s stock.

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.