FY2022 EPS Estimates for Peabody Energy Co. (NYSE:BTU) Reduced by Analyst


Peabody Energy Co. (NYSE:BTU – Get Rating) – Investment analysts at Jefferies Financial Group reduced their FY2022 earnings estimates for shares of Peabody Energy in a note issued to investors on Wednesday, June 29th. Jefferies Financial Group analyst C. Lafemina now expects that the coal producer will post earnings per share of $9.82 for the year, down from their previous forecast of $10.25. Jefferies Financial Group currently has a “Buy” rating and a $36.00 target price on the stock. The consensus estimate for Peabody Energy’s current full-year earnings is $4.59 per share. Jefferies Financial Group also issued estimates for Peabody Energy’s FY2023 earnings at $8.17 EPS, FY2024 earnings at $6.05 EPS and FY2025 earnings at $4.55 EPS.

A number of other brokerages also recently issued reports on BTU. Clarkson Capital reiterated a “neutral” rating on shares of Peabody Energy in a report on Tuesday, June 14th. B. Riley lifted their objective price on shares of Peabody Energy from $32.00 to $34.00 in a research note on Monday, May 2nd. Finally, Benchmark lifted their objective price on shares of Peabody Energy from $19.00 to $29.00 in a research note on Monday, May 2nd. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $33.00.

Shares of NYSE BTU opened at $21.04 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.88 and a current ratio of 2.21. The company has a market cap of $3.03 billion, a P/E ratio of 8.80 and a beta of 1.18. The firm’s fifty day moving average is $23.40 and its two-hundred day moving average is $20.01. Peabody Energy has a 52-week low of $7.76 and a 52-week high of $33.29. Peabody Energy (NYSE:BTU – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The coal producer reported $1.51 EPS for the quarter, missing the consensus estimate of $2.16 by ($0.65). The firm had revenue of $691.40 million for the quarter, compared to the consensus estimate of $1.11 billion. Peabody Energy had a net margin of 9.55% and a return on equity of 42.49%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.82) earnings per share.

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In other Peabody Energy news, insider Marc E. Hathhorn sold 18,335 shares of the business’s stock in a transaction dated Tuesday, April 26th. The shares were sold at an average price of $25.26, for a total value of $463,142.10. Following the completion of the sale, the insider now directly owns 61,943 shares of the company’s stock, valued at approximately $1,564,680.18. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.09% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. State Street Corp boosted its position in Peabody Energy by 73.1% in the 4th quarter. State Street Corp now owns 10,116,471 shares of the coal producer’s stock valued at $101,873,000 after buying an additional 4,272,083 shares during the period. Vanguard Group Inc. its raised holdings in shares of Peabody Energy by 49.2% in the 1st quarter. Vanguard Group Inc. Now owns 7,873,533 shares of the coal producer’s stock valued at $193,137,000 after purchasing an additional 2,595,279 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Peabody Energy by 10.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,315,648 shares of the coal producer’s stock valued at $130,393,000 after purchasing an additional 489,699 shares in the last quarter. First Republic Investment Management Inc. its raised holdings in shares of Peabody Energy by 2,249.0% in the 1st quarter. First Republic Investment Management Inc. Now owns 2,104,738 shares of the coal producer’s stock valued at $51,629,000 after purchasing an additional 2,015,138 shares in the last quarter. Finally, Progeny 3 Inc. its raised holdings in shares of Peabody Energy by 47.7% in the 1st quarter. Progeny 3 Inc. Now owns 2,085,178 shares of the coal producer’s stock valued at $51,149,000 after purchasing an additional 672,945 shares in the last quarter. 69.62% of the stock is owned by institutional investors.

Peabody Energy Company Profile (Get Rating)

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Indonesia, China, Vietnam, South Korea, and internationally. The company operates through Seaborne Thermal Mining, Seaborne Metallurgical Mining, Powder River Basin Mining, and Other US

See Also

Earnings History and Estimates for Peabody Energy (NYSE:BTU)

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