Peabody Energy Co. (NYSE:BTU – Free Report) – Equities researchers at B. Riley lifted their Q3 2023 EPS estimates for Peabody Energy in a research note issued to investors on Tuesday, September 26th. B. Riley analyst L. Pipes now anticipates that the coal producer will post earnings of $0.80 per share for the quarter, up from their prior forecast of $0.74. The consensus estimate for Peabody Energy’s current full-year earnings is $4.62 per share. B. Riley also issued estimates for Peabody Energy’s Q4 2023 earnings at $1.17 EPS.
Separately, TheStreet raised Peabody Energy from a “c” rating to a “b-” rating in a report on Thursday, July 27th.
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Peabody Energy Stock Down 1.8 %
Shares of NYSE BTU opened at $23.37 on Wednesday. The stock has a market cap of $3.10 billion, a PE ratio of 2.57 and a beta of 1.08. The business has a fifty day moving average of $22.35 and a two-hundred day moving average of $22.41. Peabody Energy has a 52-week low of $17.71 and a 52-week high of $32.89. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.82 and a current ratio of 2.17.
Peabody Energy (NYSE:BTU – Get Free Report) last issued its quarterly earnings data on Thursday, July 27th. The coal producer reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.38). The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.29 billion. Peabody Energy had a net margin of 25.97% and a return on equity of 35.81%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.67 earnings per share.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in BTU. Harbour Investments Inc. raised its holdings in shares of Peabody Energy by 323.1% in the fourth quarter. Harbour Investments Inc. now owns 1,100 shares of the coal producer’s stock valued at $29,000 after buying an additional 840 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Peabody Energy in the first quarter valued at about $32,000. Macquarie Group Ltd. bought a new position in shares of Peabody Energy in the second quarter valued at about $33,000. Park Place Capital Corp bought a new position in shares of Peabody Energy in the first quarter valued at about $34,000. Finally, Tucker Asset Management LLC acquired a new stake in Peabody Energy in the first quarter worth about $34,000. 82.33% of the stock is owned by institutional investors.
Peabody Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Thursday, August 10th were issued a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.28%. Peabody Energy’s dividend payout ratio is 3.30%.
Peabody Energy Company Profile
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Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Brazil, Belgium, Chile, France, Indonesia, China, Vietnam, South Korea, and internationally. The company operates through Seaborne Thermal Mining, Seaborne Metallurgical Mining, Powder River Basin Mining, and Other U.S.
Further Reading
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