Warrior Met Coal (NYSE:HCC) Shareholders Set to Receive $0.08 Quarterly Dividend

Warrior Met Coal (NYSE:HCC) announced a quarterly dividend on Tuesday, October 27th. Shareholders of record on Monday, November 9th will be paid a dividend of $0.08 per share on Friday, November 20th. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, November 9th.

Warrior Met Coal has raised its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Warrior Met Coal has a payout ratio of 7.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Warrior Met Coal to earn $9.47 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 3.4%.

Warrior Met Coal Stock Up 4.2%

HCC stock opened at $84.20 on Friday. Warrior Met Coal has a 52 week low of $71.79 and a 52 week high of $111.42. The firm has a 50-day simple moving average of $91.51 and a 200-day simple moving average of $89.78. The stock has a market capitalization of $4.45 billion, a P/E ratio of 19.18 and a beta of 0.75. The company has a quick ratio of 2.79, a current ratio of 3.93 and a debt-to-equity ratio of 0.10.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by ($0.62). Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. The firm had revenue of $507.93 million for the quarter, compared to analyst estimates of $505.84 million. During the same period in the prior year, the company posted $0.70 earnings per share. The business’s revenue was up 54.6% on a year-over-year basis. Equities analysts forecast that Warrior Met Coal will post 6.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. UBS Group dropped their price target on shares of Warrior Met Coal from $102.00 to $97.00 and set a “buy” rating on the stock in a research note on Thursday. Wall Street Zen cut Warrior Met Coal from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 31st. Weiss Ratings upgraded shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Zacks Research lowered shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Warrior Met Coal in a research report on Thursday, October 29th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.80.

About Warrior Met Coal

Warrior Met Coal, Inc is a mining company focused on the production and export of high-quality metallurgical coal, also known as met coal. Its products are used primarily by steelmakers in the blast-furnace steelmaking process, where metallurgical coal is converted into coke to support the production of iron and steel.

The company operates underground coal mines and related processing facilities in the Brookwood coal-producing region of Alabama. Warrior Met Coal primarily produces premium hard coking coal and sells its products to customers in international steel markets, serving regions that include Europe, Asia, and the Americas.

Warrior Met Coal was formed from the assets of Walter Energy after Walter Energy’s bankruptcy and began operating as an independent public company in 2016.