Peabody Energy Co. (NYSE:BTU) – Analysts at Jefferies Group boosted their FY2018 EPS estimates for shares of Peabody Energy in a research report issued to clients and investors on Thursday. Jefferies Group analyst C. Lafemina now forecasts that the coal producer will post earnings of $3.03 per share for the year, up from their previous forecast of $2.22. Jefferies Group currently has a “Buy” rating and a $43.00 price target 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.
Several other analysts have also commented on the company. Zacks Investment Research raised Peabody Energy from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Tuesday, February 13th. ValuEngine lowered Peabody Energy from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. B. Riley reaffirmed a “buy” rating and issued a $49.00 price target on shares of Peabody Energy in a research note on Tuesday, January 23rd. Seaport Global Securities reaffirmed a “buy” rating and issued a $48.00 price target on shares of Peabody Energy in a research note on Monday, January 22nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $43.00 price target 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 given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $41.00.
Peabody Energy (NYSE:BTU) last announced its quarterly earnings results on Wednesday, February 7th. The coal producer reported $1.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.19. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.51 billion. Peabody Energy had a return on equity of 32.83% and a net margin of 14.41%. Peabody Energy’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($10.53) EPS.
Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in Peabody Energy in the fourth quarter worth $110,000. Meeder Asset Management Inc. raised its position in shares of Peabody Energy by 147.2% during 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 during the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Peabody Energy during the second quarter worth $105,000. New York State Teachers Retirement System bought a new stake in shares of Peabody Energy during the third quarter worth $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Peabody Energy during the fourth quarter worth $179,000. 97.75% of the stock is currently owned by institutional investors.
The firm also recently disclosed a Not Available dividend, which will be paid on Monday, March 5th. Shareholders of record on Monday, February 19th will be paid a $0.115 dividend. This represents a 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%.
About Peabody Energy
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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