Peabody Energy (BTU) Releases Quarterly Earnings Results, Misses Estimates By $0.55 EPS

Peabody Energy (NYSE:BTU) posted its quarterly earnings data on Tuesday. The coal producer reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.55), RTT News reports. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.37 billion. Peabody Energy had a return on equity of 24.59% and a net margin of 15.71%. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter last year, the company posted $1.47 earnings per share.

NYSE BTU traded up $0.20 on Wednesday, reaching $35.26. 534,431 shares of the company’s stock traded hands, compared to its average volume of 803,149. Peabody Energy has a 12 month low of $30.49 and a 12 month high of $47.84. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.28 and a quick ratio of 2.01. The stock has a market capitalization of $4.26 billion, a P/E ratio of 7.11 and a beta of 0.91.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Wednesday, October 31st will be given a dividend of $0.13 per share. This is a boost from Peabody Energy’s previous quarterly dividend of $0.13. This represents a $0.52 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Tuesday, October 30th.

Several research analysts recently weighed in on BTU shares. B. Riley upped their price objective on shares of Peabody Energy from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, September 19th. Zacks Investment Research cut shares of Peabody Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. Seaport Global Securities cut shares of Peabody Energy from a “buy” rating to a “neutral” rating in a research report on Friday, September 28th. ValuEngine cut shares of Peabody Energy from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Finally, Clarkson Capital cut shares of Peabody Energy from a “buy” rating to a “hold” rating and set a $47.00 price objective on the stock. in a research report on Friday, September 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $44.67.

In other Peabody Energy news, EVP Charles F. Meintjes sold 35,000 shares of the stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $42.10, for a total transaction of $1,473,500.00. Following the transaction, the executive vice president now directly owns 170,910 shares in the company, valued at $7,195,311. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider George John Schuller, Jr. sold 12,312 shares of the stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $41.13, for a total transaction of $506,392.56. Following the transaction, the insider now owns 55,627 shares in the company, valued at $2,287,938.51. The disclosure for this sale can be found here. 0.42% of the stock is owned by company insiders.

About Peabody Energy

Peabody Energy Corporation engages in coal mining business. The company operates through six segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, and Trading and Brokerage. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; and metallurgical coal that include hard coking coal, semi-hard coking coal, semi-soft coking coal, and low-volatile pulverized coal injection for industrial customers.

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Earnings History for Peabody Energy (NYSE:BTU)

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