Warrior Met Coal, Inc. (HCC) to Issue Quarterly Dividend of $0.08 on November 12th

Warrior Met Coal, Inc. (NYSE:HCC) announced a quarterly dividend on Friday, October 25th, RTT News reports. Investors of record on Tuesday, November 5th will be paid a dividend of 0.08 per share on Tuesday, November 12th. This represents a $0.32 dividend on an annualized basis and a yield of 0.53%.

Warrior Met Coal has increased its dividend by an average of 11.9% annually over the last three years. Warrior Met Coal has a dividend payout ratio of 4.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Warrior Met Coal to earn $7.33 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 4.4%.

Warrior Met Coal Price Performance

Shares of NYSE HCC opened at $60.50 on Friday. The business has a fifty day moving average price of $59.23 and a two-hundred day moving average price of $63.65. The stock has a market capitalization of $3.16 billion, a PE ratio of 7.49 and a beta of 1.02. The company has a debt-to-equity ratio of 0.09, a current ratio of 6.37 and a quick ratio of 5.37. Warrior Met Coal has a fifty-two week low of $44.76 and a fifty-two week high of $75.53.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Thursday, August 1st. The company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.03. The business had revenue of $396.52 million during the quarter, compared to the consensus estimate of $387.91 million. Warrior Met Coal had a return on equity of 22.71% and a net margin of 25.01%. Warrior Met Coal’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.63 earnings per share. As a group, equities analysts predict that Warrior Met Coal will post 5.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HCC has been the topic of several analyst reports. B. Riley reduced their price target on shares of Warrior Met Coal from $92.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a research note on Monday, August 5th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $75.75.

Warrior Met Coal Company Profile

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.