Warrior Met Coal (HCC) To Go Ex-Dividend on November 6th

Warrior Met Coal (NYSE:HCC) declared a quarterly dividend on Tuesday, October 27th. Shareholders of record on Friday, November 6th will be paid a dividend of $0.08 per share on Friday, November 13th. 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 Friday, November 6th.

Warrior Met Coal has increased its dividend by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Warrior Met Coal has a dividend payout ratio of 7.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Warrior Met Coal to earn $9.97 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 3.2%.

Warrior Met Coal Stock Down 4.9%

Shares of NYSE HCC opened at $83.04 on Thursday. Warrior Met Coal has a 52-week low of $62.24 and a 52-week high of $111.42. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.79 and a current ratio of 3.93. The business has a fifty day moving average of $94.72 and a two-hundred day moving average of $90.38. The stock has a market cap of $4.38 billion, a PE ratio of 19.96 and a beta of 0.72.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.25. The business had revenue of $509.69 million for the quarter, compared to analyst estimates of $488.46 million. Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. The firm’s quarterly revenue was up 71.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.11 EPS. As a group, equities research analysts expect that Warrior Met Coal will post 6.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HCC. Weiss Ratings raised shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Royal Bank Of Canada increased their price target on Warrior Met Coal from $90.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Wednesday, September 16th. Zacks Research cut Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Wall Street Zen upgraded Warrior Met Coal from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 10th. Finally, UBS Group boosted their price objective on Warrior Met Coal from $98.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, October 8th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $104.33.

Warrior Met Coal Company Profile

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.