Peabody Energy Corporation (NYSE:BTU) – Investment analysts at B. Riley increased their Q4 2017 EPS estimates for shares of Peabody Energy in a report released on Thursday. B. Riley analyst L. Pipes now forecasts that the coal producer will post earnings of $1.58 per share for the quarter, up from their prior estimate of $1.33. B. Riley has a “Buy” rating on the stock. B. Riley also issued estimates for Peabody Energy’s FY2018 earnings at $4.01 EPS and FY2019 earnings at $2.21 EPS.
A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Peabody Energy from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. ValuEngine downgraded shares of Peabody Energy from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Jefferies Group started coverage on shares of Peabody Energy in a report on Tuesday, November 14th. They issued a “buy” rating and a $38.00 price target on the stock. MKM Partners reissued a “buy” rating on shares of Peabody Energy in a report on Tuesday, September 12th. Finally, FBR & Co set a $35.00 price target on shares of Peabody Energy and gave the stock a “buy” rating in a report on Monday, September 11th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Peabody Energy has a consensus rating of “Buy” and an average target price of $36.44.
Peabody Energy (NYSE:BTU) last issued its earnings results on Wednesday, October 25th. The coal producer reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.14. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.50 billion. Peabody Energy had a net margin of 4.60% and a return on equity of 19.92%. The company’s quarterly revenue was up 22.4% on a year-over-year basis. During the same quarter last year, the business earned ($7.53) earnings per share.
A number of institutional investors and hedge funds have recently made changes to their positions in BTU. South Dakota Investment Council purchased a new position in Peabody Energy in the 2nd quarter worth about $14,308,000. TIAA CREF Investment Management LLC bought a new stake in Peabody Energy during the second quarter worth approximately $6,654,000. American Century Companies Inc. bought a new stake in Peabody Energy during the second quarter worth approximately $724,000. York Capital Management Global Advisors LLC bought a new stake in Peabody Energy during the second quarter worth approximately $5,863,000. Finally, JPMorgan Chase & Co. bought a new stake in Peabody Energy during the second quarter worth approximately $3,527,000. 95.17% of the stock is currently owned by institutional investors and hedge funds.
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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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