Q2 2024 EPS Estimates for Warrior Met Coal, Inc. Boosted by Analyst (NYSE:HCC)

Warrior Met Coal, Inc. (NYSE:HCC) – B. Riley upped their Q2 2024 earnings estimates for Warrior Met Coal in a note issued to investors on Monday, July 22nd. B. Riley analyst L. Pipes now forecasts that the company will earn $1.27 per share for the quarter, up from their prior estimate of $0.66. B. Riley currently has a “Buy” rating and a $91.00 target price on the stock. The consensus estimate for Warrior Met Coal’s current full-year earnings is $7.36 per share.

Several other equities analysts have also commented on HCC. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research note on Monday, July 1st. BMO Capital Markets boosted their price target on shares of Warrior Met Coal from $62.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Finally, Citigroup raised shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and upped their price target for the stock from $60.00 to $75.00 in a research report on Thursday, April 11th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.80.

Warrior Met Coal Trading Up 2.6 %

Shares of NYSE HCC opened at $69.47 on Thursday. Warrior Met Coal has a twelve month low of $38.01 and a twelve month high of $75.53. The firm has a market cap of $3.63 billion, a PE ratio of 8.36 and a beta of 1.05. The business has a fifty day simple moving average of $67.42 and a two-hundred day simple moving average of $63.74. The company has a quick ratio of 5.85, a current ratio of 6.86 and a debt-to-equity ratio of 0.10.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, May 1st. The company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.61. The business had revenue of $503.50 million for the quarter, compared to analyst estimates of $474.99 million. Warrior Met Coal had a net margin of 25.94% and a return on equity of 24.71%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the company posted $3.57 earnings per share.

Institutional Trading of Warrior Met Coal

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HCC. Yousif Capital Management LLC raised its stake in shares of Warrior Met Coal by 5.8% in the fourth quarter. Yousif Capital Management LLC now owns 28,584 shares of the company’s stock worth $1,743,000 after purchasing an additional 1,558 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in Warrior Met Coal by 9.7% during the 4th quarter. Allianz Asset Management GmbH now owns 729,620 shares of the company’s stock valued at $44,485,000 after acquiring an additional 64,672 shares during the period. Forest Avenue Capital Management LP acquired a new stake in Warrior Met Coal during the 4th quarter valued at approximately $6,725,000. Wellington Management Group LLP boosted its holdings in shares of Warrior Met Coal by 7.1% in the 4th quarter. Wellington Management Group LLP now owns 90,211 shares of the company’s stock valued at $5,500,000 after acquiring an additional 6,015 shares during the last quarter. Finally, US Bancorp DE increased its stake in shares of Warrior Met Coal by 4,886.7% in the fourth quarter. US Bancorp DE now owns 16,157 shares of the company’s stock worth $985,000 after acquiring an additional 15,833 shares during the period. Institutional investors and hedge funds own 92.28% of the company’s stock.

Insider Buying and Selling at Warrior Met Coal

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 value 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 $25,587,447.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Kelli K. Gant sold 10,000 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total value of $750,600.00. Following the completion of the transaction, the insider now directly owns 61,678 shares of the company’s stock, valued at approximately $4,629,550.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Walter J. Scheller sold 23,148 shares of Warrior Met Coal stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $75.15, for a total transaction of $1,739,572.20. Following the completion of the sale, the chief executive officer now owns 340,485 shares of the company’s stock, valued at $25,587,447.75. The disclosure for this sale can be found here. Insiders own 1.00% 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.