Warrior Met Coal Inc (NYSE:HCC) – Equities research analysts at Jefferies Financial Group reduced their FY2019 earnings per share (EPS) estimates for shares of Warrior Met Coal in a report issued on Wednesday, December 11th, according to Zacks Investment Research. Jefferies Financial Group analyst C. Lafemina now forecasts that the company will earn $5.85 per share for the year, down from their prior forecast of $5.95. Jefferies Financial Group also issued estimates for Warrior Met Coal’s FY2021 earnings at $4.04 EPS.
Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.03). The firm had revenue of $287.51 million during the quarter, compared to analyst estimates of $254.37 million. Warrior Met Coal had a net margin of 46.01% and a return on equity of 52.94%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.06 EPS.
A number of other brokerages have also issued reports on HCC. ValuEngine lowered Warrior Met Coal from a “hold” rating to a “sell” rating in a research report on Tuesday, December 17th. Clarkson Capital reaffirmed a “buy” rating on shares of Warrior Met Coal in a research report on Monday, September 23rd. Finally, Zacks Investment Research raised Warrior Met Coal from a “sell” rating to a “hold” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $31.71.
NYSE HCC traded up $0.21 on Thursday, reaching $21.84. The company had a trading volume of 748,655 shares, compared to its average volume of 813,878. The firm has a 50-day moving average of $20.21 and a 200-day moving average of $21.79. Warrior Met Coal has a 1 year low of $17.63 and a 1 year high of $33.49. The firm has a market capitalization of $1.08 billion, a PE ratio of 2.52 and a beta of 0.54. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.08 and a quick ratio of 2.54.
Hedge funds have recently bought and sold shares of the stock. Advisor Group Inc. raised its position in shares of Warrior Met Coal by 170.6% during the 2nd quarter. Advisor Group Inc. now owns 1,510 shares of the company’s stock valued at $40,000 after acquiring an additional 952 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Warrior Met Coal during the 2nd quarter valued at approximately $113,000. SG Americas Securities LLC acquired a new stake in shares of Warrior Met Coal during the 2nd quarter valued at approximately $115,000. Point72 Hong Kong Ltd raised its position in shares of Warrior Met Coal by 29.3% during the 2nd quarter. Point72 Hong Kong Ltd now owns 6,287 shares of the company’s stock valued at $164,000 after acquiring an additional 1,424 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Warrior Met Coal during the 2nd quarter valued at approximately $209,000.
About Warrior Met Coal
Warrior Met Coal, Inc produces and exports 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.