Jefferies Group Comments on Peabody Energy Co.’s FY2018 Earnings (BTU)
Peabody Energy Co. (NYSE:BTU) – Investment analysts at Jefferies Group lowered their FY2018 EPS estimates for Peabody Energy in a research note issued on Wednesday. Jefferies Group analyst C. Lafemina now forecasts that the coal producer will post earnings per share of $2.22 for the year, down from their prior forecast of $2.65. Jefferies Group 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 $1.56 EPS, FY2020 earnings at $1.13 EPS and FY2021 earnings at $0.96 EPS.
Peabody Energy (NYSE:BTU) last posted its quarterly earnings data on Wednesday, February 7th. The coal producer reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.19. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.51 billion. Peabody Energy had a net margin of 14.41% and a return on equity of 32.83%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($10.53) earnings per share.
Peabody Energy (NYSE BTU) opened at $38.21 on Monday. The company has a quick ratio of 1.53, a current ratio of 1.76 and a debt-to-equity ratio of 0.46. The stock has a market cap of $3,992.95 and a P/E ratio of 3.97. Peabody Energy has a 1-year low of $22.58 and a 1-year high of $41.17.
The company also recently declared a Not Available dividend, which will be paid on Monday, March 5th. Shareholders of record on Monday, February 19th will be issued a dividend of $0.115 per share. This represents a yield of 0.00296468161897396%. The ex-dividend date is Thursday, February 15th.
A number of large investors have recently modified their holdings of the business. Gendell Jeffrey L purchased a new position in Peabody Energy during the fourth quarter valued at approximately $4,877,000. American International Group Inc. lifted its holdings in Peabody Energy by 8.8% during the fourth quarter. American International Group Inc. now owns 44,956 shares of the coal producer’s stock valued at $1,770,000 after purchasing an additional 3,620 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Peabody Energy during the fourth quarter valued at approximately $3,386,000. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Peabody Energy by 56,411.3% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 134,497 shares of the coal producer’s stock valued at $5,295,000 after purchasing an additional 134,259 shares in the last quarter. Finally, Capital Growth Management LP purchased a new position in Peabody Energy during the fourth quarter valued at approximately $2,362,000. 94.33% of the stock is currently owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: “Jefferies Group Comments on Peabody Energy Co.’s FY2018 Earnings (BTU)” was posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://theolympiareport.com/2018/02/12/jefferies-group-comments-on-peabody-energy-co-s-fy2018-earnings-btu.html.
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.
Receive News & Ratings for Peabody Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peabody Energy and related companies with MarketBeat.com's FREE daily email newsletter.