Peabody Energy Co. (NYSE:BTU) – Equities researchers at Jefferies Group lifted their FY2018 earnings estimates for Peabody Energy in a report released on Thursday. Jefferies Group analyst C. Lafemina now expects that the coal producer will post earnings per share of $3.03 for the year, up from their previous forecast of $2.22. Jefferies Group has a “Buy” rating and a $43.00 price objective on the stock. Jefferies Group also issued estimates for Peabody Energy’s FY2019 earnings at $1.91 EPS, FY2020 earnings at $1.40 EPS, FY2021 earnings at $0.88 EPS and FY2022 earnings at $0.83 EPS.
BTU has been the subject of several other research reports. ValuEngine downgraded shares of Peabody Energy from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Zacks Investment Research upgraded shares of Peabody Energy from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Wednesday, October 25th. Seaport Global Securities restated a “buy” rating and set a $48.00 price objective on shares of Peabody Energy in a research note on Monday, January 22nd. B. Riley restated a “buy” rating and set a $49.00 price objective on shares of Peabody Energy in a research note on Tuesday, January 23rd. Finally, Stifel Nicolaus restated a “hold” rating and set a $43.00 price objective on shares of Peabody Energy in a research note on Tuesday, January 16th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Peabody Energy has an average rating of “Buy” and a consensus target price of $41.00.
Peabody Energy (NYSE BTU) opened at $40.55 on Monday. Peabody Energy has a 1-year low of $22.58 and a 1-year high of $41.98. The stock has a market cap of $4,237.48 and a price-to-earnings ratio of 3.98. The company has a current ratio of 1.76, a quick ratio of 1.53 and a debt-to-equity ratio of 0.46.
Peabody Energy (NYSE:BTU) last announced its quarterly earnings results on Wednesday, February 7th. The coal producer reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.19. Peabody Energy had a net margin of 14.41% and a return on equity of 32.83%. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the company posted ($10.53) earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year.
The business also recently disclosed a Not Available dividend, which will be paid on Monday, March 5th. Investors of record on Monday, February 19th will be paid a dividend of $0.115 per share. This represents a dividend yield of 0.00296468161897396%. The ex-dividend date of this dividend is Thursday, February 15th. Peabody Energy’s dividend payout ratio is currently 4.51%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Meeder Asset Management Inc. raised its position in Peabody Energy by 147.2% in the fourth quarter. Meeder Asset Management Inc. now owns 3,624 shares of the coal producer’s stock worth $142,000 after acquiring an additional 2,158 shares in the last quarter. SG Americas Securities LLC bought a new stake in Peabody Energy in the fourth quarter worth about $110,000. The Manufacturers Life Insurance Company raised its position in Peabody Energy by 6.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 51,207 shares of the coal producer’s stock worth $2,015,000 after acquiring an additional 3,310 shares in the last quarter. Legal & General Group Plc raised its position in Peabody Energy by 28.5% in the third quarter. Legal & General Group Plc now owns 16,302 shares of the coal producer’s stock worth $473,000 after acquiring an additional 3,616 shares in the last quarter. Finally, American International Group Inc. raised its position in Peabody Energy by 8.8% in the fourth quarter. American International Group Inc. now owns 44,956 shares of the coal producer’s stock worth $1,770,000 after acquiring an additional 3,620 shares in the last quarter. Institutional investors and hedge funds own 97.75% of the company’s stock.
Peabody Energy Company Profile
Peabody Energy Corporation is a coal company. The Company’s segments include Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, Trading and Brokerage, and Corporate and Other. Its Powder River Basin Mining operations consist of its mines in Wyoming.
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