Warrior Met Coal (NYSE:HCC) Shares Gap Down After Earnings Miss

Warrior Met Coal, Inc. (NYSE:HCC)’s share price gapped down prior to trading on Friday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $54.09, but opened at $50.78. Warrior Met Coal shares last traded at $52.13, with a volume of 355,990 shares changing hands.

The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.34). Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%.

Warrior Met Coal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 24th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend is Monday, February 24th. Warrior Met Coal’s dividend payout ratio is currently 4.42%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on HCC shares. Jefferies Financial Group lowered their price objective on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. B. Riley increased their price target on shares of Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Warrior Met Coal currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.00.

Institutional Trading of Warrior Met Coal

Institutional investors and hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. grew its stake in Warrior Met Coal by 26.6% in the 3rd quarter. Victory Capital Management Inc. now owns 52,280 shares of the company’s stock valued at $3,341,000 after acquiring an additional 10,972 shares during the period. Geode Capital Management LLC lifted its holdings in Warrior Met Coal by 1.1% during the third quarter. Geode Capital Management LLC now owns 1,208,405 shares of the company’s stock valued at $77,232,000 after purchasing an additional 13,650 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Warrior Met Coal by 14.2% in the third quarter. JPMorgan Chase & Co. now owns 671,427 shares of the company’s stock valued at $42,904,000 after purchasing an additional 83,331 shares during the period. Citigroup Inc. increased its stake in shares of Warrior Met Coal by 61.4% during the third quarter. Citigroup Inc. now owns 87,441 shares of the company’s stock worth $5,587,000 after purchasing an additional 33,272 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Warrior Met Coal by 3.8% during the 3rd quarter. Principal Financial Group Inc. now owns 298,308 shares of the company’s stock worth $19,062,000 after purchasing an additional 10,787 shares during the last quarter. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Warrior Met Coal Price Performance

The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.67 and a current ratio of 5.81. The stock has a market capitalization of $2.71 billion, a PE ratio of 7.16 and a beta of 1.07. The stock’s 50 day moving average is $55.32 and its two-hundred day moving average is $59.99.

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.