Analysts expect that Warrior Met Coal Inc (NYSE:HCC) will report $337.71 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Warrior Met Coal’s earnings, with the highest sales estimate coming in at $386.07 million and the lowest estimate coming in at $312.80 million. Warrior Met Coal posted sales of $322.56 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.7%. The firm is expected to announce its next earnings report after the market closes on Wednesday, July 31st.

According to Zacks, analysts expect that Warrior Met Coal will report full year sales of $1.28 billion for the current fiscal year, with estimates ranging from $1.24 billion to $1.31 billion. For the next fiscal year, analysts expect that the business will post sales of $1.15 billion, with estimates ranging from $1.06 billion to $1.24 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Warrior Met Coal.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, May 1st. The company reported $2.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.55. The company had revenue of $378.30 million for the quarter, compared to analysts’ expectations of $326.30 million. Warrior Met Coal had a return on equity of 71.47% and a net margin of 47.10%. Warrior Met Coal’s quarterly revenue was down 10.3% on a year-over-year basis. During the same period last year, the firm earned $3.36 earnings per share.

Several research firms have weighed in on HCC. BMO Capital Markets raised TMAC Resources from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 2nd. Jefferies Financial Group reaffirmed a “sell” rating on shares of Hi-Crush Partners in a research report on Tuesday, April 2nd. TheStreet cut Weis Markets from a “b-” rating to a “c+” rating in a research report on Wednesday, June 5th. Zacks Investment Research raised Garrett Motion from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Finally, Deutsche Bank set a $81.00 price objective on Franco Nevada and gave the company a “hold” rating in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $34.67.

In other news, CAO Brian M. Chopin sold 8,329 shares of Warrior Met Coal stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $27.41, for a total transaction of $228,297.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jack K. Richardson sold 17,919 shares of Warrior Met Coal stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $33.00, for a total transaction of $591,327.00. The disclosure for this sale can be found here. Insiders have sold 77,876 shares of company stock valued at $2,313,979 over the last quarter. Company insiders own 0.59% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in HCC. Fox Run Management L.L.C. bought a new stake in shares of Warrior Met Coal during the 2nd quarter valued at $659,000. First Hawaiian Bank grew its position in shares of Warrior Met Coal by 13.7% during the 2nd quarter. First Hawaiian Bank now owns 9,440 shares of the company’s stock valued at $247,000 after acquiring an additional 1,140 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Warrior Met Coal by 68.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 15,700 shares of the company’s stock valued at $410,000 after acquiring an additional 6,400 shares during the period. Midas Management Corp bought a new stake in shares of Warrior Met Coal during the 2nd quarter valued at $744,000. Finally, O Keefe Stevens Advisory Inc. bought a new stake in shares of Warrior Met Coal during the 2nd quarter valued at $2,210,000.

Warrior Met Coal stock traded up $0.58 during trading hours on Monday, hitting $25.50. 473,994 shares of the stock traded hands, compared to its average volume of 821,607. The business’s 50-day moving average price is $26.01. The company has a current ratio of 3.84, a quick ratio of 3.26 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $1.31 billion, a P/E ratio of 2.94 and a beta of 0.47. Warrior Met Coal has a one year low of $20.88 and a one year high of $33.49.

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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Earnings History and Estimates for Warrior Met Coal (NYSE:HCC)

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