Equities research analysts expect that Warrior Met Coal Inc (NYSE:HCC) will report sales of $308.09 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Warrior Met Coal’s earnings. The highest sales estimate is $315.10 million and the lowest is $301.08 million. Warrior Met Coal posted sales of $363.37 million in the same quarter last year, which would indicate a negative year over year growth rate of 15.2%. The firm is expected to announce its next earnings report after the market closes on Wednesday, August 1st.
According to Zacks, analysts expect that Warrior Met Coal will report full-year sales of $1.27 billion for the current year, with estimates ranging from $1.22 billion to $1.33 billion. For the next fiscal year, analysts expect that the business will report sales of $1.09 billion per share, with estimates ranging from $1.02 billion to $1.16 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Warrior Met Coal.
Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, May 2nd. The company reported $3.42 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.34. Warrior Met Coal had a return on equity of 73.24% and a net margin of 39.30%. The firm had revenue of $421.80 million during the quarter, compared to the consensus estimate of $396.35 million. During the same quarter in the prior year, the company earned $2.06 EPS. The firm’s revenue for the quarter was up 66.1% compared to the same quarter last year.
Several analysts recently weighed in on HCC shares. MKM Partners increased their target price on Warrior Met Coal to $29.00 in a research note on Wednesday, May 16th. BMO Capital Markets set a $32.00 target price on Warrior Met Coal and gave the company a “buy” rating in a research note on Thursday, April 12th. Zacks Investment Research upgraded Warrior Met Coal from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Wednesday, April 4th. Morgan Stanley increased their target price on Warrior Met Coal from $25.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, June 29th. Finally, Royal Bank of Canada set a $38.00 price target on Warrior Met Coal and gave the company a “hold” rating in a report on Tuesday, April 3rd. Seven equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Warrior Met Coal currently has a consensus rating of “Buy” and an average price target of $29.10.
In other news, Director Franklin Mutual Advisers Llc sold 1,461,423 shares of the stock in a transaction that occurred on Tuesday, May 8th. The stock was sold at an average price of $24.20, for a total value of $35,366,436.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Apollo Management Holdings Gp, sold 3,192,328 shares of the stock in a transaction that occurred on Thursday, May 10th. The stock was sold at an average price of $24.20, for a total value of $77,254,337.60. The disclosure for this sale can be found here. Corporate insiders own 0.51% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of HCC. Waratah Capital Advisors Ltd. raised its holdings in shares of Warrior Met Coal by 306.5% in the 1st quarter. Waratah Capital Advisors Ltd. now owns 1,711,354 shares of the company’s stock worth $47,935,000 after buying an additional 1,290,366 shares in the last quarter. Luminus Management LLC acquired a new position in shares of Warrior Met Coal in the 4th quarter worth approximately $26,273,000. BlackRock Inc. raised its holdings in shares of Warrior Met Coal by 74.5% in the 4th quarter. BlackRock Inc. now owns 1,804,709 shares of the company’s stock worth $45,389,000 after buying an additional 770,654 shares in the last quarter. Boston Partners acquired a new position in shares of Warrior Met Coal in the 1st quarter worth approximately $18,158,000. Finally, Two Sigma Investments LP acquired a new position in shares of Warrior Met Coal in the 4th quarter worth approximately $14,857,000.
NYSE:HCC traded up $0.59 during mid-day trading on Friday, hitting $27.30. 1,130,700 shares of the company’s stock traded hands, compared to its average volume of 1,086,566. Warrior Met Coal has a 12 month low of $17.38 and a 12 month high of $33.72. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 3.43 and a beta of 1.57. The company has a quick ratio of 4.36, a current ratio of 4.79 and a debt-to-equity ratio of 0.80.
Warrior Met Coal declared that its board has approved a stock repurchase plan on Wednesday, May 2nd that permits the company to repurchase $40.00 million in shares. This repurchase authorization permits the company to buy up to 3.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
Warrior Met Coal Company Profile
Warrior Met Coal, Inc produces and exports 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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