Peabody Energy Co. (NYSE:BTU – Get Rating) – Stock analysts at B. Riley upped their Q4 2022 earnings estimates for shares of Peabody Energy in a research note issued to investors on Tuesday, November 29th. B. Riley analyst L. Pipes now expects that the coal producer will post earnings per share of $2.21 for the quarter, up from their prior estimate of $1.56. The consensus estimate for Peabody Energy’s current full-year earnings is $6.70 per share. B. Riley also issued estimates for Peabody Energy’s FY2024 earnings at $1.58 EPS.
Peabody Energy (NYSE:BTU – Get Rating) last announced its quarterly earnings data on Thursday, November 3rd. The coal producer reported $1.78 EPS for the quarter, beating the consensus estimate of $1.69 by $0.09. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Peabody Energy had a net margin of 25.50% and a return on equity of 57.13%.
Separately, BMO Capital Markets boosted their price target on shares of Peabody Energy from $28.00 to $31.00 and gave the company a “market perform” rating in a research report on Friday, November 18th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $31.75.
Peabody Energy Price Performance
Shares of NYSE BTU opened at $31.29 on Thursday. Peabody Energy has a one year low of $8.58 and a one year high of $33.29. The firm has a market cap of $4.50 billion, a PE ratio of 3.95 and a beta of 0.92. The firm has a fifty day moving average of $26.49 and a 200 day moving average of $24.17. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.58 and a current ratio of 1.79.
Institutional Trading of Peabody Energy
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in shares of Peabody Energy by 96.7% in the 2nd quarter. FMR LLC now owns 15,585,781 shares of the coal producer’s stock valued at $332,445,000 after acquiring an additional 7,663,928 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Peabody Energy by 49.2% during the first quarter. Vanguard Group Inc. now owns 7,873,533 shares of the coal producer’s stock valued at $193,137,000 after purchasing an additional 2,595,279 shares during the last quarter. First Republic Investment Management Inc. raised its position in Peabody Energy by 2,249.0% during the first quarter. First Republic Investment Management Inc. now owns 2,104,738 shares of the coal producer’s stock valued at $51,629,000 after buying an additional 2,015,138 shares during the period. Thomist Capital Management LP acquired a new position in Peabody Energy during the third quarter valued at $41,682,000. Finally, Castle Hook Partners LP acquired a new position in Peabody Energy during the third quarter valued at $31,899,000. Hedge funds and other institutional investors own 81.21% of the company’s stock.
About Peabody Energy
Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, 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.
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