B. Riley Comments on Warrior Met Coal, Inc.’s Q4 2024 Earnings (NYSE:HCC)

Warrior Met Coal, Inc. (NYSE:HCC) – Research analysts at B. Riley cut their Q4 2024 earnings estimates for Warrior Met Coal in a note issued to investors on Wednesday, October 9th. B. Riley analyst L. Pipes now expects that the company will post earnings per share of $0.77 for the quarter, down from their previous estimate of $1.05. B. Riley has a “Buy” rating and a $90.00 price target on the stock. The consensus estimate for Warrior Met Coal’s current full-year earnings is $5.55 per share.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings data on Thursday, August 1st. The company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.03. The firm had revenue of $396.52 million during the quarter, compared to analyst estimates of $387.91 million. Warrior Met Coal had a return on equity of 22.71% and a net margin of 25.01%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.63 earnings per share.

Separately, Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a research note on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Warrior Met Coal currently has an average rating of “Hold” and an average price target of $75.75.

Warrior Met Coal Stock Performance

NYSE HCC opened at $63.33 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 6.37 and a quick ratio of 5.37. Warrior Met Coal has a 1-year low of $44.76 and a 1-year high of $75.53. The business has a 50 day simple moving average of $58.96 and a two-hundred day simple moving average of $63.51. The stock has a market capitalization of $3.31 billion, a PE ratio of 7.62 and a beta of 1.02.

Institutional Trading of Warrior Met Coal

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in Warrior Met Coal by 2.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,863,024 shares of the company’s stock valued at $116,937,000 after acquiring an additional 45,950 shares during the last quarter. Renaissance Technologies LLC raised its position in Warrior Met Coal by 4.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,501,379 shares of the company’s stock worth $94,242,000 after purchasing an additional 62,200 shares during the period. American Century Companies Inc. raised its position in Warrior Met Coal by 6.1% in the 2nd quarter. American Century Companies Inc. now owns 1,440,965 shares of the company’s stock worth $90,449,000 after purchasing an additional 82,622 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Warrior Met Coal by 2.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,299,563 shares of the company’s stock worth $78,885,000 after purchasing an additional 30,053 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Warrior Met Coal by 3.1% during the second quarter. Bank of New York Mellon Corp now owns 543,020 shares of the company’s stock valued at $34,085,000 after buying an additional 16,574 shares during the period. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Tuesday, August 6th. Warrior Met Coal’s dividend payout ratio (DPR) is 3.85%.

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.