B. Riley Forecasts Reduced Earnings for Warrior Met Coal

Warrior Met Coal, Inc. (NYSE:HCC) – Research analysts at B. Riley decreased their FY2024 EPS estimates for shares of Warrior Met Coal in a research note issued on Thursday, January 30th. B. Riley analyst N. Giles now anticipates that the company will post earnings per share of $5.30 for the year, down from their prior estimate of $5.62. B. Riley currently has a “Buy” rating and a $90.00 target price on the stock. The consensus estimate for Warrior Met Coal’s current full-year earnings is $5.62 per share. B. Riley also issued estimates for Warrior Met Coal’s FY2026 earnings at $10.84 EPS.

Separately, Jefferies Financial Group lowered their price target on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Warrior Met Coal presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.00.

Warrior Met Coal Trading Down 0.6 %

NYSE:HCC opened at $53.46 on Friday. Warrior Met Coal has a 12-month low of $49.97 and a 12-month high of $75.53. 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 business has a 50 day simple moving average of $58.60 and a 200 day simple moving average of $61.15. The firm has a market capitalization of $2.80 billion, a P/E ratio of 7.38 and a beta of 1.09.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, October 30th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.40 by $0.40. The company had revenue of $327.72 million during the quarter, compared to analyst estimates of $322.21 million. Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. The business’s revenue was down 22.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.85 earnings per share.

Institutional Investors Weigh In On Warrior Met Coal

Several hedge funds have recently made changes to their positions in HCC. Empowered Funds LLC grew its position in Warrior Met Coal by 7.2% during the 4th quarter. Empowered Funds LLC now owns 231,227 shares of the company’s stock worth $12,542,000 after purchasing an additional 15,560 shares in the last quarter. Graham Capital Wealth Management LLC grew its stake in Warrior Met Coal by 0.6% during the 4th quarter. Graham Capital Wealth Management LLC now owns 47,818 shares of the company’s stock valued at $2,594,000 after acquiring an additional 273 shares in the last quarter. Financial Strategies Group Inc. boosted its stake in shares of Warrior Met Coal by 26.0% during the 4th quarter. Financial Strategies Group Inc. now owns 14,241 shares of the company’s stock valued at $718,000 after buying an additional 2,935 shares during the period. BTC Capital Management Inc. grew its stake in shares of Warrior Met Coal by 10.5% in the 4th quarter. BTC Capital Management Inc. now owns 9,606 shares of the company’s stock valued at $521,000 after buying an additional 915 shares in the last quarter. Finally, KBC Group NV increased its holdings in Warrior Met Coal by 25.0% in the fourth quarter. KBC Group NV now owns 2,139 shares of the company’s stock worth $116,000 after buying an additional 428 shares during the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

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.