Warrior Met Coal (NYSE:HCC – Get Free Report) released its earnings results on Wednesday. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.40, Briefing.com reports. Warrior Met Coal had a net margin of 25.01% and a return on equity of 22.71%. The company had revenue of $327.72 million during the quarter, compared to the consensus estimate of $322.21 million. During the same quarter in the prior year, the firm earned $1.85 EPS. The company’s revenue was down 22.6% compared to the same quarter last year.
Warrior Met Coal Price Performance
Shares of HCC stock traded up $1.09 during mid-day trading on Thursday, reaching $62.87. The company’s stock had a trading volume of 528,882 shares, compared to its average volume of 759,807. Warrior Met Coal has a 1-year low of $44.76 and a 1-year high of $75.53. The company has a market cap of $3.29 billion, a P/E ratio of 7.57 and a beta of 1.02. The company has a debt-to-equity ratio of 0.09, a quick ratio of 5.37 and a current ratio of 6.37. The firm’s 50-day moving average is $59.42 and its two-hundred day moving average is $63.65.
Warrior Met Coal Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $0.32 annualized dividend and a yield of 0.51%. Warrior Met Coal’s dividend payout ratio is 3.85%.
Analyst Upgrades and Downgrades
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.
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