Brokerages Expect Warrior Met Coal Inc (HCC) Will Announce Quarterly Sales of $271.03 Million

Analysts expect Warrior Met Coal Inc (NYSE:HCC) to announce sales of $271.03 million for the current quarter, according to Zacks. Two analysts have made estimates for Warrior Met Coal’s earnings, with the highest sales estimate coming in at $282.90 million and the lowest estimate coming in at $259.16 million. Warrior Met Coal posted sales of $311.96 million during the same quarter last year, which suggests a negative year over year growth rate of 13.1%. The business is scheduled to issue its next quarterly earnings results on Thursday, November 8th.

According to Zacks, analysts expect that Warrior Met Coal will report full-year sales of $1.30 billion for the current financial year, with estimates ranging from $1.27 billion to $1.32 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.11 billion, with estimates ranging from $1.06 billion to $1.16 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Warrior Met Coal.

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

Several research analysts have recently weighed in on HCC shares. Citigroup cut their price objective on shares of Warrior Met Coal from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, August 8th. Zacks Investment Research upgraded shares of Warrior Met Coal from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Wednesday, July 25th. Morgan Stanley increased their price objective on shares of Warrior Met Coal from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, June 29th. Royal Bank of Canada set a $34.00 price objective on shares of Warrior Met Coal and gave the stock a “hold” rating in a report on Thursday, August 2nd. Finally, B. Riley increased their price objective on shares of Warrior Met Coal from $25.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, September 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $30.22.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hartree Partners LP purchased a new position in Warrior Met Coal in the second quarter valued at approximately $3,226,000. Toronto Dominion Bank acquired a new stake in Warrior Met Coal in the second quarter valued at approximately $820,000. Iridian Asset Management LLC CT grew its position in Warrior Met Coal by 6.2% in the second quarter. Iridian Asset Management LLC CT now owns 83,271 shares of the company’s stock valued at $2,296,000 after acquiring an additional 4,874 shares in the last quarter. Mackay Shields LLC grew its position in Warrior Met Coal by 18.9% in the second quarter. Mackay Shields LLC now owns 149,400 shares of the company’s stock valued at $4,119,000 after acquiring an additional 23,700 shares in the last quarter. Finally, Boston Partners grew its position in Warrior Met Coal by 2.9% in the second quarter. Boston Partners now owns 667,097 shares of the company’s stock valued at $18,392,000 after acquiring an additional 18,845 shares in the last quarter.

NYSE:HCC traded up $0.01 on Monday, reaching $26.44. The stock had a trading volume of 18,877 shares, compared to its average volume of 789,599. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 3.34 and a beta of 0.56. The company has a current ratio of 2.53, a quick ratio of 2.02 and a debt-to-equity ratio of 1.48. Warrior Met Coal has a 12-month low of $18.56 and a 12-month high of $33.72.

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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