Q3 2018 EPS Estimates for Warrior Met Coal Inc Lifted by Seaport Global Securities (HCC)

Warrior Met Coal Inc (NYSE:HCC) – Equities research analysts at Seaport Global Securities lifted their Q3 2018 EPS estimates for shares of Warrior Met Coal in a report issued on Monday, October 15th. Seaport Global Securities analyst M. Levin now expects that the company will post earnings per share of $1.39 for the quarter, up from their prior forecast of $1.37. Seaport Global Securities also issued estimates for Warrior Met Coal’s FY2020 earnings at $2.95 EPS.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, August 1st. The company reported $1.81 EPS for the quarter, missing the Zacks’ consensus estimate of $1.95 by ($0.14). The company had revenue of $322.56 million during the quarter, compared to analysts’ expectations of $331.76 million. Warrior Met Coal had a return on equity of 82.44% and a net margin of 37.56%. The company’s revenue for the quarter was down 11.2% on a year-over-year basis.

A number of other equities analysts have also recently commented on HCC. Morgan Stanley lifted their target price on Warrior Met Coal from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, June 29th. Zacks Investment Research upgraded Warrior Met Coal from a “hold” rating to a “strong-buy” rating and set a $30.00 target price for the company in a report on Wednesday, July 4th. Citigroup lifted their target price on Warrior Met Coal from $25.87 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, July 11th. ValuEngine cut Warrior Met Coal from a “hold” rating to a “sell” rating in a report on Monday, July 30th. Finally, Royal Bank of Canada set a $34.00 price objective on Warrior Met Coal and gave the company a “hold” rating in a report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Warrior Met Coal currently has an average rating of “Hold” and a consensus price target of $31.25.

Shares of Warrior Met Coal stock opened at $29.69 on Tuesday. The company has a market capitalization of $1.43 billion, a PE ratio of 3.76 and a beta of 0.49. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.53 and a quick ratio of 2.02. Warrior Met Coal has a one year low of $18.56 and a one year high of $33.72.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Third Avenue Management LLC boosted its holdings in Warrior Met Coal by 97.7% during the 2nd quarter. Third Avenue Management LLC now owns 2,515,767 shares of the company’s stock valued at $69,360,000 after acquiring an additional 1,243,282 shares during the period. BlackRock Inc. boosted its holdings in Warrior Met Coal by 34.8% during the 2nd quarter. BlackRock Inc. now owns 2,473,452 shares of the company’s stock valued at $68,194,000 after acquiring an additional 638,963 shares during the period. Luminus Management LLC boosted its holdings in Warrior Met Coal by 99.9% during the 2nd quarter. Luminus Management LLC now owns 2,255,723 shares of the company’s stock valued at $62,190,000 after acquiring an additional 1,127,197 shares during the period. Millennium Management LLC boosted its holdings in Warrior Met Coal by 42.1% during the 1st quarter. Millennium Management LLC now owns 1,518,235 shares of the company’s stock valued at $42,526,000 after acquiring an additional 449,636 shares during the period. Finally, Lansdowne Partners UK LLP boosted its holdings in Warrior Met Coal by 68.9% during the 2nd quarter. Lansdowne Partners UK LLP now owns 1,094,131 shares of the company’s stock valued at $30,166,000 after acquiring an additional 446,512 shares during the period.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc produces and exports 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.

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Earnings History and Estimates for Warrior Met Coal (NYSE:HCC)

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