Warrior Met Coal (NYSE:HCC) Shares Will Pay Quarterly Dividend of $0.08

Warrior Met Coal (NYSE:HCC) announced a quarterly dividend on Tuesday, October 27th. Stockholders 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 dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, November 9th.

Warrior Met Coal has raised its dividend by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 1 years. Warrior Met Coal has a dividend payout ratio of 7.8% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Performance

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

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HCC. Zacks Research cut Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Wall Street Zen cut shares of Warrior Met Coal from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 31st. Weiss Ratings upgraded Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Royal Bank Of Canada raised their price objective on shares of Warrior Met Coal from $90.00 to $110.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 16th. Finally, 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. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Warrior Met Coal presently has an average rating of “Moderate Buy” and a consensus price target 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.