Peabody Energy Co. (NYSE:BTU) Plans Quarterly Dividend of $0.08

Peabody Energy Co. (NYSE:BTU) announced a quarterly dividend on Thursday, October 31st,RTT News reports. Investors of record on Thursday, November 14th will be paid a dividend of 0.075 per share by the coal producer on Wednesday, December 4th. This represents a $0.30 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Thursday, November 14th.

Peabody Energy has a dividend payout ratio of 11.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Peabody Energy to earn $2.82 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 10.6%.

Peabody Energy Trading Up 1.8 %

Shares of BTU opened at $27.27 on Wednesday. The company’s fifty day simple moving average is $24.84 and its 200-day simple moving average is $23.51. The company has a market cap of $3.31 billion, a P/E ratio of 7.09 and a beta of 0.98. The company has a current ratio of 2.32, a quick ratio of 1.75 and a debt-to-equity ratio of 0.09. Peabody Energy has a twelve month low of $20.21 and a twelve month high of $29.94.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings data on Thursday, October 31st. The coal producer reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.16. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. Peabody Energy had a net margin of 12.24% and a return on equity of 14.74%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 EPS. As a group, analysts expect that Peabody Energy will post 3.15 EPS for the current year.

Insider Transactions at Peabody Energy

In related news, CFO Mark Spurbeck sold 10,000 shares of Peabody Energy stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $29.52, for a total value of $295,200.00. Following the completion of the sale, the chief financial officer now directly owns 65,710 shares in the company, valued at $1,939,759.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

BTU has been the topic of several research analyst reports. B. Riley upped their price objective on Peabody Energy from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. Benchmark lifted their price objective on shares of Peabody Energy from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, BMO Capital Markets upped their target price on shares of Peabody Energy from $25.00 to $26.00 and gave the stock a “market perform” rating in a research note on Thursday, October 10th.

Peabody Energy Company Profile

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Brazil, Belgium, Chile, France, Indonesia, China, Vietnam, South Korea, Germany, and internationally. The company operates through Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S.