Peabody Energy (BTU) Releases Earnings Results, Beats Expectations By $0.19 EPS

Peabody Energy (NYSE:BTU) released its earnings results on Wednesday. The coal producer reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.19, Morningstar.com reports. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Peabody Energy had a net margin of 4.60% and a return on equity of 19.92%. The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($10.53) earnings per share.

Peabody Energy (NYSE:BTU) traded down $2.36 on Thursday, reaching $37.95. 932,095 shares of the company were exchanged, compared to its average volume of 1,017,822. Peabody Energy has a 52-week low of $22.58 and a 52-week high of $41.17. The company has a current ratio of 1.75, a quick ratio of 1.47 and a debt-to-equity ratio of 0.60.

The firm also recently declared a Not Available dividend, which will be paid on Monday, March 5th. Investors of record on Monday, February 19th will be given a dividend of $0.115 per share. The ex-dividend date is Thursday, February 15th. This represents a yield of 0.00296468161897396%.

A number of large investors have recently bought and sold shares of BTU. Legal & General Group Plc acquired a new position in Peabody Energy in the 2nd quarter valued at about $310,000. JPMorgan Chase & Co. acquired a new position in Peabody Energy in the 2nd quarter valued at about $3,527,000. Wells Fargo & Company MN acquired a new position in Peabody Energy in the 2nd quarter valued at about $5,349,000. TIAA CREF Investment Management LLC acquired a new position in Peabody Energy in the 2nd quarter valued at about $6,654,000. Finally, Ameriprise Financial Inc. acquired a new position in Peabody Energy in the 2nd quarter valued at about $771,000. Institutional investors own 94.20% of the company’s stock.

BTU has been the topic of a number of recent research reports. FBR & Co set a $35.00 price target on shares of Peabody Energy and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Zacks Investment Research upgraded shares of Peabody Energy from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Wednesday, October 25th. B. Riley restated a “buy” rating on shares of Peabody Energy in a research report on Wednesday, November 1st. ValuEngine lowered shares of Peabody Energy from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Jefferies Group initiated coverage on shares of Peabody Energy in a research report on Tuesday, November 14th. They set a “buy” rating and a $38.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $41.20.

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About Peabody Energy

Peabody Energy Corporation is a coal company. The Company’s segments include Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, Trading and Brokerage, and Corporate and Other. Its Powder River Basin Mining operations consist of its mines in Wyoming.

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