B. Riley Forecasts Peabody Energy’s Q4 Earnings (NYSE:BTU)

Peabody Energy Co. (NYSE:BTU) – Research analysts at B. Riley decreased their Q4 2024 earnings per share estimates for Peabody Energy in a report issued on Thursday, January 30th. B. Riley analyst N. Giles now anticipates that the coal producer will post earnings per share of $0.51 for the quarter, down from their previous forecast 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.

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

Peabody Energy Price Performance

NYSE BTU opened at $18.37 on Friday. Peabody Energy has a 1 year low of $17.73 and a 1 year high of $29.94. The business’s fifty day moving average is $21.11 and its two-hundred day moving average is $23.08. The stock has a market capitalization of $2.23 billion, a P/E ratio of 4.86 and a beta of 0.99. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.75 and a current ratio of 2.32.

Peabody Energy (NYSE:BTU) last released its earnings results 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 business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. Peabody Energy had a net margin of 12.24% and a return on equity of 14.74%. The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 EPS.

Insider Activity

In other news, CFO Mark Spurbeck sold 10,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were 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 approximately $1,939,759.20. This represents a 13.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.09% of the company’s stock.

Hedge Funds Weigh In On Peabody Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC bought a new position in shares of Peabody Energy during the 2nd quarter valued at $1,446,000. AQR Capital Management LLC raised its holdings in Peabody Energy by 30.2% during the second quarter. AQR Capital Management LLC now owns 285,928 shares of the coal producer’s stock valued at $6,325,000 after buying an additional 66,254 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Peabody Energy by 6.2% during the second quarter. The Manufacturers Life Insurance Company now owns 74,829 shares of the coal producer’s stock valued at $1,655,000 after buying an additional 4,394 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Peabody Energy by 7.6% during the second quarter. Mackenzie Financial Corp now owns 10,023 shares of the coal producer’s stock valued at $222,000 after buying an additional 709 shares in the last quarter. Finally, Algert Global LLC bought a new stake in shares of Peabody Energy during the 2nd quarter worth about $272,000. Institutional investors own 87.44% of the company’s stock.

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.