Peabody Energy Co. (NYSE:BTU) – Analysts at Jefferies Financial Group lowered their FY2020 EPS estimates for Peabody Energy in a note issued to investors on Tuesday, July 9th. Jefferies Financial Group analyst C. Lafemina now anticipates that the coal producer will earn $1.01 per share for the year, down from their prior estimate of $1.20.
A number of other brokerages have also recently issued reports on BTU. Credit Suisse Group reiterated a “neutral” rating and set a $108.00 target price on shares of Wynn Resorts in a report on Wednesday, March 20th. BMO Capital Markets reiterated an “outperform” rating and set a C$13.00 target price on shares of IPL Plastics in a report on Wednesday, March 20th. MKM Partners decreased their target price on Peabody Energy from $44.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Deutsche Bank set a $81.00 target price on Franco Nevada and gave the stock a “hold” rating in a report on Thursday. Finally, Zacks Investment Research cut Hess Midstream Partners from a “hold” rating to a “sell” rating in a report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $37.25.
Peabody Energy (NYSE:BTU) last issued its earnings results on Wednesday, May 1st. The coal producer reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.65. Peabody Energy had a return on equity of 12.55% and a net margin of 10.61%. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the previous year, the business earned $0.83 EPS. The company’s revenue for the quarter was down 14.5% on a year-over-year basis.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 22nd were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend was Tuesday, May 21st. This is a boost from Peabody Energy’s previous quarterly dividend of $0.13. Peabody Energy’s dividend payout ratio is currently 17.78%.
In other Peabody Energy news, EVP Charles F. Meintjes sold 35,779 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $23.68, for a total value of $847,246.72. Following the completion of the transaction, the executive vice president now owns 123,398 shares in the company, valued at approximately $2,922,064.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.75% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Midwest Bank Trust Division boosted its holdings in Peabody Energy by 3.5% in the 1st quarter. First Midwest Bank Trust Division now owns 29,703 shares of the coal producer’s stock worth $841,000 after acquiring an additional 1,000 shares during the period. Alphasimplex Group LLC boosted its holdings in Peabody Energy by 3.8% in the 1st quarter. Alphasimplex Group LLC now owns 36,860 shares of the coal producer’s stock worth $1,044,000 after acquiring an additional 1,347 shares during the period. Hsbc Holdings PLC boosted its holdings in Peabody Energy by 25.7% in the 4th quarter. Hsbc Holdings PLC now owns 8,336 shares of the coal producer’s stock worth $254,000 after acquiring an additional 1,702 shares during the period. Legal & General Group Plc boosted its holdings in Peabody Energy by 4.5% in the 4th quarter. Legal & General Group Plc now owns 42,373 shares of the coal producer’s stock worth $1,292,000 after acquiring an additional 1,823 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its holdings in Peabody Energy by 4.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 48,631 shares of the coal producer’s stock worth $1,378,000 after acquiring an additional 1,922 shares during the period.
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.
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