Warrior Met Coal (NYSE:HCC) Releases Quarterly Earnings Results, Misses Estimates By $0.34 EPS

Warrior Met Coal (NYSE:HCC) announced its quarterly earnings results on Thursday. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.34), Zacks reports. Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%.

Warrior Met Coal Trading Up 2.9 %

Shares of HCC stock traded up $1.53 on Thursday, hitting $54.18. The stock had a trading volume of 841,461 shares, compared to its average volume of 680,286. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.81 and a quick ratio of 4.67. The firm has a market capitalization of $2.83 billion, a P/E ratio of 7.48 and a beta of 1.07. Warrior Met Coal has a 1 year low of $49.97 and a 1 year high of $75.53. The company’s 50 day moving average price is $55.57 and its 200-day moving average price is $60.03.

Warrior Met Coal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 24th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.32 annualized dividend and a dividend yield of 0.59%. Warrior Met Coal’s dividend payout ratio is presently 4.42%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Jefferies Financial Group decreased their price target on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. B. Riley boosted their price objective on Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $75.00.

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.