Warrior Met Coal Inc. (NYSE:HCC) declared a quarterly dividend on Tuesday, August 1st, Wall Street Journal reports. Shareholders of record on Monday, August 14th will be paid a dividend of 0.05 per share on Wednesday, August 23rd. This represents a $0.20 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Thursday, August 10th.
Warrior Met Coal has a dividend payout ratio of 3.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Warrior Met Coal to earn $2.52 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 7.9%.
Shares of Warrior Met Coal (NYSE:HCC) traded up 0.29% during trading on Friday, reaching $24.24. The company’s stock had a trading volume of 294,642 shares. The stock has a market cap of $1.30 billion and a price-to-earnings ratio of 5.43. Warrior Met Coal has a 52-week low of $15.10 and a 52-week high of $25.38. The stock’s 50 day moving average price is $21.40 and its 200-day moving average price is $18.97.
Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Thursday, August 3rd. The company reported $2.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.59. The firm had revenue of $363.37 million for the quarter, compared to the consensus estimate of $321.75 million. Equities analysts anticipate that Warrior Met Coal will post $4.08 EPS for the current year.
HCC has been the topic of several research reports. Royal Bank Of Canada initiated coverage on Warrior Met Coal in a research report on Monday, May 8th. They set an “outperform” rating and a $25.00 price target on the stock. Credit Suisse Group initiated coverage on Warrior Met Coal in a research note on Monday, May 8th. They set an “outperform” rating and a $26.00 price objective for the company. Citigroup Inc. initiated coverage on Warrior Met Coal in a research note on Monday, May 8th. They set a “neutral” rating and a $20.00 price objective for the company. Morgan Stanley initiated coverage on Warrior Met Coal in a research note on Monday, May 8th. They set an “overweight” rating and a $27.00 price objective for the company. Finally, BMO Capital Markets initiated coverage on Warrior Met Coal in a research note on Monday, May 8th. They set a “buy” rating and a $24.00 price objective for the company. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $23.40.
In other news, Director Alan H. Schumacher acquired 3,000 shares of Warrior Met Coal stock in a transaction that occurred on Wednesday, May 24th. The stock was bought at an average price of $17.99 per share, for a total transaction of $53,970.00. Following the completion of the transaction, the director now owns 3,000 shares in the company, valued at $53,970. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.15% of the stock is currently owned by corporate insiders.
Warrior Met Coal Company Profile
Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.
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