---
title: "Q2 2024 EPS Estimates for Warrior Met Coal, Inc. (NYSE:HCC) Raised by B. Riley"
description: "Warrior Met Coal (NYSE:HCC) has had its Q2 2024 earnings per share estimates raised by B. Riley. The new estimate is $0.66 per share, up from the previous forecast of $0.62. B. Riley also issued estim"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/203469557.md"
published_at: "2024-05-06T05:40:15.000Z"
---

# Q2 2024 EPS Estimates for Warrior Met Coal, Inc. (NYSE:HCC) Raised by B. Riley

> Warrior Met Coal (NYSE:HCC) has had its Q2 2024 earnings per share estimates raised by B. Riley. The new estimate is $0.66 per share, up from the previous forecast of $0.62. B. Riley also issued estimates for Warrior Met Coal's Q3 2024 earnings at $1.45 EPS and FY2024 earnings at $6.34 EPS. The stock has a "Buy" rating and a target price of $91.00.

Warrior Met Coal, Inc. (NYSE:HCC - Free Report) - Equities researchers at B. Riley increased their Q2 2024 earnings per share estimates for shares of Warrior Met Coal in a report released on Thursday, May 2nd. B. Riley analyst L. Pipes now expects that the company will earn $0.66 per share for the quarter, up from their previous forecast of $0.62. B. Riley currently has a "Buy" rating and a $91.00 target price on the stock. The consensus estimate for Warrior Met Coal's current full-year earnings is $6.98 per share. B. Riley also issued estimates for Warrior Met Coal's Q3 2024 earnings at $1.45 EPS and FY2024 earnings at $6.34 EPS.

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HCC has been the topic of a number of other reports. UBS Group started coverage on Warrior Met Coal in a research note on Tuesday, January 16th. They issued a "neutral" rating and a $68.00 price target on the stock. Citigroup raised shares of Warrior Met Coal from a "neutral" rating to a "buy" rating and upped their target price for the stock from $60.00 to $75.00 in a report on Thursday, April 11th. Benchmark reiterated a "hold" rating on shares of Warrior Met Coal in a research report on Thursday. Finally, BMO Capital Markets boosted their price target on shares of Warrior Met Coal from $62.00 to $70.00 and gave the stock a "market perform" rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $72.80.

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## Warrior Met Coal Trading Up 1.1 %

Shares of Warrior Met Coal stock opened at $66.23 on Monday. Warrior Met Coal has a twelve month low of $31.97 and a twelve month high of $71.91. The firm's 50-day moving average price is $60.90 and its 200 day moving average price is $58.65. The company has a current ratio of 6.86, a quick ratio of 5.99 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $3.46 billion, a PE ratio of 7.97 and a beta of 1.05.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.61. The business had revenue of $503.50 million for the quarter, compared to the consensus estimate of $474.99 million. Warrior Met Coal had a net margin of 25.94% and a return on equity of 24.71%. The company's revenue was down 1.2% compared to the same quarter last year. During the same period last year, the firm posted $3.57 earnings per share.

## Hedge Funds Weigh In On Warrior Met Coal

Several large investors have recently modified their holdings of HCC. KGH Ltd increased its holdings in Warrior Met Coal by 11.2% in the 3rd quarter. KGH Ltd now owns 2,590,000 shares of the company's stock valued at $132,297,000 after purchasing an additional 260,091 shares during the last quarter. FMR LLC grew its stake in shares of Warrior Met Coal by 1.0% in the third quarter. FMR LLC now owns 2,325,535 shares of the company's stock valued at $118,788,000 after buying an additional 22,730 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Warrior Met Coal by 33.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 974,247 shares of the company's stock valued at $59,137,000 after buying an additional 246,217 shares during the period. American Century Companies Inc. lifted its stake in Warrior Met Coal by 10.7% during the 3rd quarter. American Century Companies Inc. now owns 961,388 shares of the company's stock worth $49,108,000 after acquiring an additional 92,941 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in Warrior Met Coal by 9.7% during the 4th quarter. Allianz Asset Management GmbH now owns 729,620 shares of the company's stock valued at $44,485,000 after acquiring an additional 64,672 shares during the period. Institutional investors and hedge funds own 92.28% of the company's stock.

## Insider Activity at Warrior Met Coal

In other news, Director Alan H. Schumacher purchased 2,000 shares of the company's stock in a transaction dated Friday, February 23rd. The stock was acquired at an average price of $58.15 per share, with a total value of $116,300.00. Following the purchase, the director now directly owns 30,270 shares in the company, valued at approximately $1,760,200.50. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 1.00% of the stock is currently owned by insiders.

## Warrior Met Coal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, May 6th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.32 annualized dividend and a dividend yield of 0.48%. Warrior Met Coal's payout ratio is 3.85%.

## About Warrior Met Coal

(Get Free Report)

Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
