Peabody Energy (NYSE:BTU) Issues Quarterly Earnings Results

Peabody Energy (NYSE:BTU) posted its quarterly earnings data on Thursday. The coal producer reported $0.74 EPS for the quarter, beating the consensus estimate of $0.58 by $0.16, Briefing.com reports. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. Peabody Energy had a net margin of 12.69% and a return on equity of 15.35%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the business posted $0.80 EPS.

Peabody Energy Stock Performance

Shares of Peabody Energy stock traded up $0.21 on Friday, reaching $26.48. 2,443,743 shares of the company traded hands, compared to its average volume of 2,987,502. Peabody Energy has a 52 week low of $20.21 and a 52 week high of $27.29. The company has a 50 day moving average of $24.25 and a 200 day moving average of $23.34. The firm has a market capitalization of $3.33 billion, a PE ratio of 6.86 and a beta of 0.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.49 and a quick ratio of 1.92.

Peabody Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Thursday, November 14th. Peabody Energy’s dividend payout ratio is currently 7.77%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BTU shares. BMO Capital Markets increased their price objective on shares of Peabody Energy from $25.00 to $26.00 and gave the company a “market perform” rating in a research note on Thursday, October 10th. B. Riley increased their target price on shares of Peabody Energy from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. Finally, Benchmark increased their target price on shares of Peabody Energy from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Friday.

About Peabody Energy

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Brazil, Belgium, Chile, France, Indonesia, China, Vietnam, South Korea, Germany, and internationally. The company operates through Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S.