Peabody Energy Corporation (NYSE:BTU) Announces Quarterly Dividend of $0.07

Peabody Energy Corporation (NYSE:BTU) declared a quarterly dividend on Wednesday, November 4th. Shareholders of record on Thursday, November 19th will be given a dividend of $0.0750 per share by the coal producer on Wednesday, December 9th. This represents a $0.30 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, November 19th.

Peabody Energy has a dividend payout ratio of 10.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Peabody Energy to earn $2.82 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 10.6%.

Peabody Energy Price Performance

Shares of Peabody Energy stock traded down $3.66 on Wednesday, hitting $17.00. 9,264,558 shares of the company were exchanged, compared to its average volume of 3,014,159. The company has a quick ratio of 1.46, a current ratio of 2.01 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average price of $25.54 and a 200 day moving average price of $28.04. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of -11.34 and a beta of 0.46. Peabody Energy has a 1-year low of $15.97 and a 1-year high of $41.14.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings data on Wednesday, November 4th. The coal producer reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.22). The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Peabody Energy had a negative return on equity of 5.22% and a negative net margin of 4.56%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.58) EPS. As a group, sell-side analysts predict that Peabody Energy will post -0.70 earnings per share for the current fiscal year.

Peabody Energy News Roundup

Here are the key news stories impacting Peabody Energy this week:

• Positive Sentiment: Peabody reported revenue of $1.10 billion, above estimates of $1.03 billion and up 8.3% year over year. Its net loss narrowed to $32.8 million from $70.1 million a year earlier. Peabody Q3 results
• Positive Sentiment: Management said all segments generated positive adjusted EBITDA, seaborne margins improved with higher pricing, and it expects stronger fourth-quarter production and free cash flow. Peabody Q3 results
• Positive Sentiment: The board declared a quarterly dividend of $0.075 per share, payable December 9 to shareholders of record November 19. Dividend announcement
• Neutral Sentiment: Peabody outlined fourth-quarter Centurion sales of 300,000–500,000 tons and scheduled $1.5 million–$10 million in longwall upgrades. The sales plan indicates expected volume, while the upgrades involve spending to support operations. Centurion sales and upgrades
• Negative Sentiment: The main drag was Q3 adjusted earnings: Peabody lost $0.27 per share, a deeper loss than analyst expectations, despite the revenue beat. The earnings disappointment contributed to shares falling toward their 52-week low. Report on the Q3 loss and share decline

Peabody Energy Company Profile

Peabody Energy Corp. is a global coal producer and supplier of energy and industrial fuels. The company mines, processes and markets thermal coal, which is primarily used for electricity generation, and metallurgical coal, which is used in steelmaking. Peabody also provides coal-trading and logistics services and works with customers to transport products to domestic and international markets.

Peabody operates mines in the United States and Australia, serving electric utilities, steel producers and other industrial customers.