Seaport Global Securities Weighs in on Peabody Energy Co.’s Q1 2018 Earnings (BTU)
Peabody Energy Co. (NYSE:BTU) – Research analysts at Seaport Global Securities issued their Q1 2018 EPS estimates for Peabody Energy in a note issued to investors on Thursday. Seaport Global Securities analyst M. Levin anticipates that the coal producer will earn $0.70 per share for the quarter. Seaport Global Securities has a “Buy” rating and a $48.00 price target on the stock. Seaport Global Securities also issued estimates for Peabody Energy’s Q2 2018 earnings at $0.54 EPS, Q3 2018 earnings at $0.59 EPS, Q4 2018 earnings at $0.38 EPS and FY2018 earnings at $2.21 EPS.
Peabody Energy (NYSE:BTU) last announced its earnings results on Wednesday, February 7th. The coal producer reported $1.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.19. The company 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%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the company earned ($10.53) earnings per share.
Peabody Energy (BTU) opened at $39.94 on Monday. The firm has a market capitalization of $4,048.33 and a P/E ratio of 4.02. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.53 and a current ratio of 1.76. Peabody Energy has a 52 week low of $22.58 and a 52 week high of $41.17.
Large investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. acquired a new stake in Peabody Energy during the second quarter worth approximately $105,000. SG Americas Securities LLC acquired a new stake in Peabody Energy during the fourth quarter worth approximately $110,000. New York State Teachers Retirement System acquired a new stake in shares of Peabody Energy in the 3rd quarter valued at $125,000. Meeder Asset Management Inc. boosted its holdings in shares of Peabody Energy by 147.2% in the 4th quarter. Meeder Asset Management Inc. now owns 3,624 shares of the coal producer’s stock valued at $142,000 after purchasing an additional 2,158 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Peabody Energy in the 4th quarter valued at $179,000. 94.33% of the stock is currently owned by institutional investors and hedge funds.
The business also recently declared a Not Available dividend, which will be paid on Monday, March 5th. Investors of record on Monday, February 19th will be given a dividend of $0.115 per share. This represents a yield of 0.00296468161897396%. The ex-dividend date of this dividend is Thursday, February 15th.
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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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