What is B. Riley’s Forecast for Peabody Energy Q4 Earnings?

Peabody Energy Co. (NYSE:BTU) – B. Riley lowered their Q4 2024 EPS estimates for Peabody Energy in a research note issued on Thursday, January 30th. B. Riley analyst N. Giles now forecasts that the coal producer will post earnings per share of $0.51 for the quarter, down from their previous estimate of $0.63. The consensus estimate for Peabody Energy’s current full-year earnings is $2.89 per share. B. Riley also issued estimates for Peabody Energy’s FY2025 earnings at $2.86 EPS.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings data on Thursday, October 31st. The coal producer reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.16. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. Peabody Energy had a return on equity of 14.74% and a net margin of 12.24%. The company’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the company earned $0.80 EPS.

Several other brokerages have also issued reports on BTU. Benchmark boosted their price target on shares of Peabody Energy from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, November 1st. BMO Capital Markets raised shares of Peabody Energy from a “market perform” rating to an “outperform” rating and set a $26.00 target price on the stock in a research note on Monday, December 16th. Finally, Jefferies Financial Group decreased their price objective on Peabody Energy from $30.00 to $26.00 and set a “buy” rating on the stock in a report on Monday, January 6th.

Peabody Energy Stock Performance

BTU opened at $18.37 on Friday. The stock has a market cap of $2.23 billion, a PE ratio of 4.86 and a beta of 0.99. Peabody Energy has a 1 year low of $17.73 and a 1 year high of $29.94. The stock’s 50 day simple moving average is $21.11 and its 200-day simple moving average is $23.08. The company has a current ratio of 2.32, a quick ratio of 1.75 and a debt-to-equity ratio of 0.09.

Hedge Funds Weigh In On Peabody Energy

Several institutional investors have recently bought and sold shares of BTU. Financial Management Professionals Inc. acquired a new stake in shares of Peabody Energy in the third quarter valued at $36,000. Byrne Asset Management LLC grew its holdings in Peabody Energy by 63.3% during the 4th quarter. Byrne Asset Management LLC now owns 1,755 shares of the coal producer’s stock worth $37,000 after acquiring an additional 680 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Peabody Energy in the 3rd quarter valued at about $43,000. GAMMA Investing LLC raised its stake in shares of Peabody Energy by 292.6% in the third quarter. GAMMA Investing LLC now owns 2,057 shares of the coal producer’s stock worth $55,000 after acquiring an additional 1,533 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Peabody Energy by 139.9% during the third quarter. Blue Trust Inc. now owns 2,756 shares of the coal producer’s stock worth $73,000 after purchasing an additional 1,607 shares in the last quarter. Institutional investors own 87.44% of the company’s stock.

Insider Activity

In other news, CFO Mark Spurbeck sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $29.52, for a total value of $295,200.00. Following the transaction, the chief financial officer now directly owns 65,710 shares of the company’s stock, valued at $1,939,759.20. The trade was a 13.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is owned by corporate insiders.

Peabody Energy Company Profile

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.