B. Riley Weighs in on Peabody Energy Co.’s Q3 2018 Earnings (BTU)
Peabody Energy Co. (NYSE:BTU) – Equities research analysts at B. Riley boosted their Q3 2018 earnings per share estimates for Peabody Energy in a research report issued on Monday, September 24th. B. Riley analyst L. Pipes now anticipates that the coal producer will post earnings of $1.68 per share for the quarter, up from their prior forecast of $1.43. B. Riley currently has a “Buy” rating and a $54.00 price target on the stock. B. Riley also issued estimates for Peabody Energy’s Q4 2018 earnings at $1.81 EPS, FY2018 earnings at $5.23 EPS, Q1 2019 earnings at $1.67 EPS, Q2 2019 earnings at $1.66 EPS, Q3 2019 earnings at $1.63 EPS, Q4 2019 earnings at $1.61 EPS and FY2019 earnings at $6.57 EPS.
Peabody Energy (NYSE:BTU) last released its earnings results on Tuesday, July 24th. The coal producer reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.12). Peabody Energy had a return on equity of 24.59% and a net margin of 15.71%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the firm earned ($0.18) earnings per share. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year.
NYSE BTU opened at $41.18 on Thursday. The company has a market capitalization of $5.15 billion, a P/E ratio of 8.88 and a beta of 0.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.01 and a current ratio of 2.28. Peabody Energy has a 12 month low of $28.08 and a 12 month high of $47.84.
Several institutional investors have recently added to or reduced their stakes in BTU. First Quadrant L P CA grew its position in Peabody Energy by 51.3% during the second quarter. First Quadrant L P CA now owns 3,910 shares of the coal producer’s stock valued at $178,000 after purchasing an additional 1,325 shares in the last quarter. CIBC Asset Management Inc purchased a new position in Peabody Energy during the second quarter valued at approximately $210,000. Zeke Capital Advisors LLC purchased a new position in Peabody Energy during the second quarter valued at approximately $211,000. Asset Management One Co. Ltd. purchased a new position in Peabody Energy during the first quarter valued at approximately $178,000. Finally, Advisors Asset Management Inc. grew its position in Peabody Energy by 169.3% during the second quarter. Advisors Asset Management Inc. now owns 5,456 shares of the coal producer’s stock valued at $248,000 after purchasing an additional 3,430 shares in the last quarter. 99.30% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Charles F. Meintjes sold 35,000 shares of Peabody Energy stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $42.10, for a total value of $1,473,500.00. Following the transaction, the executive vice president now directly owns 170,910 shares of the company’s stock, valued at $7,195,311. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider George John Schuller, Jr. sold 12,312 shares of Peabody Energy stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $41.13, for a total transaction of $506,392.56. Following the completion of the transaction, the insider now directly owns 55,627 shares in the company, valued at $2,287,938.51. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.
Peabody Energy Company Profile
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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