Peabody Energy Co. Plans Quarterly Dividend of $0.08 (NYSE:BTU)

Peabody Energy Co. (NYSE:BTU) declared a quarterly dividend on Thursday, October 31st, RTT News reports. Shareholders of record on Thursday, November 14th will be paid a dividend of 0.075 per share by the coal producer on Wednesday, December 4th. This represents a $0.30 dividend on an annualized basis and a yield of 1.12%.

Peabody Energy has a payout ratio of 10.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Peabody Energy to earn $2.96 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 10.1%.

Peabody Energy Stock Up 8.5 %

BTU opened at $26.80 on Thursday. The company’s 50-day moving average price is $24.13 and its two-hundred day moving average price is $23.29. The company has a quick ratio of 1.92, a current ratio of 2.49 and a debt-to-equity ratio of 0.09. Peabody Energy has a twelve month low of $20.21 and a twelve month high of $27.24. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 6.88 and a beta of 0.96.

Peabody Energy (NYSE:BTU) last released its quarterly earnings data on Thursday, October 31st. The coal producer reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.16. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. Peabody Energy had a return on equity of 15.35% and a net margin of 12.69%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 EPS. As a group, equities analysts expect that Peabody Energy will post 2.98 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on BTU. B. Riley upped their price objective on shares of Peabody Energy from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. BMO Capital Markets increased their price target on shares of Peabody Energy from $25.00 to $26.00 and gave the stock a “market perform” rating in a report on Thursday, October 10th.

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.