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

Warrior Met Coal (NYSE:HCC) released its earnings results on Thursday. The company reported $0.15 earnings per share 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 Stock Performance

Shares of Warrior Met Coal stock opened at $49.69 on Friday. 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 cap of $2.60 billion, a P/E ratio of 6.86 and a beta of 1.07. The firm has a 50 day simple moving average of $55.04 and a 200 day simple moving average of $59.87. Warrior Met Coal has a fifty-two week low of $49.33 and a fifty-two week high of $75.53.

Warrior Met Coal Dividend Announcement

The business also recently declared 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. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date is Monday, February 24th. Warrior Met Coal’s dividend payout ratio is currently 4.42%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HCC. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research report on Friday. 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 research report on Thursday, October 31st. Finally, Jefferies Financial Group dropped their price objective on shares of 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Warrior Met Coal currently has a consensus rating of “Moderate Buy” and a consensus price target 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.