Warrior Met Coal, Inc. Declares Quarterly Dividend of $0.08 (NYSE:HCC)

Warrior Met Coal, Inc. (NYSE:HCC) announced a quarterly dividend on Tuesday, February 11th, Wall Street Journal reports. Shareholders of record on Monday, February 24th will be given a dividend of 0.08 per share on Monday, March 3rd. This represents a $0.32 annualized dividend and a yield of 0.69%. The ex-dividend date is Monday, February 24th.

Warrior Met Coal has raised its dividend payment by an average of 17.0% per year over the last three years. Warrior Met Coal has a dividend payout ratio of 4.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Warrior Met Coal to earn $8.96 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 3.6%.

Warrior Met Coal Price Performance

HCC stock opened at $46.17 on Friday. The business has a fifty day moving average of $53.59 and a two-hundred day moving average of $59.32. The company has a quick ratio of 3.99, a current ratio of 5.20 and a debt-to-equity ratio of 0.09. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 9.64 and a beta of 1.07. Warrior Met Coal has a 52-week low of $45.94 and a 52-week high of $75.53.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Thursday, February 13th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.34). The business had revenue of $297.47 million for the quarter, compared to analyst estimates of $331.70 million. Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. As a group, research analysts anticipate that Warrior Met Coal will post 4.86 earnings per share for the current year.

Analysts Set New Price Targets

HCC has been the subject of a number of recent research reports. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a report on Friday, February 14th. B. Riley decreased their target price on Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Jefferies Financial Group decreased their target price on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a report on Monday, January 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $74.00.

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.