Peabody Energy Co. (NYSE:BTU) – Research analysts at B. Riley boosted their FY2020 earnings per share estimates for shares of Peabody Energy in a research note issued on Tuesday, December 3rd, according to Zacks Investment Research. B. Riley analyst L. Pipes now forecasts that the coal producer will post earnings of ($1.90) per share for the year, up from their previous estimate of ($2.01). B. Riley has a “Neutral” rating and a $12.00 price target on the stock. B. Riley also issued estimates for Peabody Energy’s FY2021 earnings at ($1.24) EPS.
Peabody Energy (NYSE:BTU) last issued its quarterly earnings results on Tuesday, October 29th. The coal producer reported ($0.81) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.64). Peabody Energy had a net margin of 6.92% and a return on equity of 6.72%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the firm earned $0.63 earnings per share. The business’s revenue for the quarter was down 21.7% on a year-over-year basis.
BTU has been the subject of a number of other reports. Zacks Investment Research upgraded Peabody Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. ValuEngine upgraded Peabody Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, BMO Capital Markets decreased their price objective on Peabody Energy to $14.00 and set a “market perform” rating for the company in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Peabody Energy presently has a consensus rating of “Hold” and a consensus price target of $27.00.
Shares of BTU traded up $0.20 during trading hours on Thursday, reaching $9.54. The stock had a trading volume of 1,260,746 shares, compared to its average volume of 1,786,917. Peabody Energy has a 12 month low of $8.65 and a 12 month high of $37.37. The stock has a market capitalization of $999.38 million, a PE ratio of 5.10 and a beta of 0.72. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.41 and a current ratio of 1.74. The company’s 50-day moving average is $9.60 and its two-hundred day moving average is $16.43.
A number of institutional investors have recently modified their holdings of BTU. FMR LLC raised its stake in shares of Peabody Energy by 43.7% during the first quarter. FMR LLC now owns 533,868 shares of the coal producer’s stock valued at $15,125,000 after acquiring an additional 162,404 shares during the last quarter. Strs Ohio grew its position in shares of Peabody Energy by 5.1% in the 2nd quarter. Strs Ohio now owns 41,600 shares of the coal producer’s stock worth $1,002,000 after buying an additional 2,000 shares during the last quarter. First Trust Advisors LP grew its position in shares of Peabody Energy by 25.6% in the 2nd quarter. First Trust Advisors LP now owns 139,881 shares of the coal producer’s stock worth $3,371,000 after buying an additional 28,536 shares during the last quarter. Dupont Capital Management Corp grew its position in shares of Peabody Energy by 8.6% in the 2nd quarter. Dupont Capital Management Corp now owns 150,695 shares of the coal producer’s stock worth $3,632,000 after buying an additional 11,889 shares during the last quarter. Finally, Aperio Group LLC purchased a new position in shares of Peabody Energy in the 2nd quarter worth approximately $168,000. Hedge funds and other institutional investors own 91.48% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Wednesday, October 30th were issued a dividend of $0.145 per share. The ex-dividend date was Tuesday, October 29th. This represents a $0.58 dividend on an annualized basis and a yield of 6.08%. Peabody Energy’s payout ratio is currently 18.41%.
Peabody Energy Company Profile
Peabody Energy Corp. engages in the business of coal mining. It operates through the following segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Seaborne Metallurgical Mining, Seaborne Thermal Mining, and Corporate and Other. The Powder River Basin Mining segment consists of its mines in Wyoming.
