Peabody Energy (BTU) Releases Quarterly Earnings Results, Beats Estimates By $0.19 EPS
Peabody Energy (NYSE:BTU) posted its quarterly earnings results on Wednesday. The coal producer reported $1.52 EPS for the quarter, topping the consensus estimate of $1.33 by $0.19, Morningstar.com reports. Peabody Energy had a return on equity of 19.92% and a net margin of 4.60%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the firm earned ($10.53) EPS. The company’s quarterly revenue was up 5.3% compared to the same quarter last year.
Shares of Peabody Energy (BTU) traded down $1.77 during trading hours on Thursday, reaching $38.54. 1,310,310 shares of the company’s stock were exchanged, compared to its average volume of 1,022,555. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.47 and a current ratio of 1.75. Peabody Energy has a one year low of $22.58 and a one year high of $41.17.
The firm also recently declared a Not Available dividend, which will be paid on Monday, March 5th. Shareholders of record on Monday, February 19th will be paid a dividend of $0.115 per share. The ex-dividend date is Thursday, February 15th. This represents a yield of 0.00296468161897396%.
Several research analysts have recently commented on the company. ValuEngine lowered Peabody Energy from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. B. Riley restated a “buy” rating and issued a $49.00 price objective on shares of Peabody Energy in a report on Tuesday, January 23rd. Zacks Investment Research upgraded shares of Peabody Energy from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Wednesday, January 24th. Seaport Global Securities restated a “buy” rating and issued a $48.00 price objective on shares of Peabody Energy in a report on Monday, January 22nd. Finally, Stifel Nicolaus restated a “hold” rating and issued a $43.00 price objective on shares of Peabody Energy in a report on Tuesday, January 16th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Peabody Energy currently has a consensus 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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