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

Peabody Energy Co. (NYSE:BTU) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Stockholders of record on Wednesday, February 19th will be given a dividend of 0.075 per share by the coal producer on Tuesday, March 11th. This represents a $0.30 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Wednesday, February 19th.

Peabody Energy has a dividend payout ratio of 9.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Peabody Energy to earn $2.34 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 12.8%.

Peabody Energy Stock Down 8.6 %

Shares of BTU opened at $16.43 on Friday. The company has a quick ratio of 1.75, a current ratio of 2.32 and a debt-to-equity ratio of 0.09. Peabody Energy has a 52-week low of $16.34 and a 52-week high of $29.94. The company has a market cap of $2.00 billion, a PE ratio of 4.35 and a beta of 0.95. The business has a fifty day moving average of $20.32 and a 200 day moving average of $22.89.

Peabody Energy (NYSE:BTU) last released its quarterly earnings results on Thursday, February 6th. The coal producer reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.25). Peabody Energy had a return on equity of 14.74% and a net margin of 12.24%. On average, sell-side analysts expect that Peabody Energy will post 2.89 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BTU shares. Benchmark boosted their target price on shares of Peabody Energy from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Jefferies Financial Group lowered 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 report on Monday, January 6th. Finally, 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 report on Monday, December 16th.

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.