Peabody Energy Corporation (NYSE:BTU) Announces Earnings Results

Peabody Energy Corporation (NYSE:BTU) posted its quarterly earnings results on Tuesday, August 1st. The coal producer reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.89 by $1.07, Briefing.com reports. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.25 billion. The firm’s revenue was up 21.0% on a year-over-year basis.

Shares of Peabody Energy Corporation (NYSE BTU) opened at 28.25 on Friday. The company’s 50-day moving average price is $25.76 and its 200-day moving average price is $25.25. The company’s market capitalization is $2.73 billion. Peabody Energy Corporation has a 52-week low of $8.75 and a 52-week high of $32.50.

Several equities analysts have commented on the company. Stifel Nicolaus set a $32.00 price target on Peabody Energy Corporation and gave the company a “hold” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded Peabody Energy Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th. MKM Partners began coverage on Peabody Energy Corporation in a research note on Thursday, April 27th. They issued a “buy” rating and a $53.00 price objective on the stock. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $35.00 price objective on shares of Peabody Energy Corporation in a research note on Wednesday, April 26th. Finally, FBR & Co upped their price objective on Peabody Energy Corporation from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, July 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $35.57.

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In other news, insider Glenn L. Kellow acquired 8,520 shares of the stock in a transaction on Monday, May 22nd. The stock was acquired at an average cost of $23.49 per share, for a total transaction of $200,134.80. Following the completion of the transaction, the insider now directly owns 689,410 shares in the company, valued at $16,194,240.90. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Associates L.P. Elliott acquired 9,428 shares of the stock in a transaction on Thursday, May 25th. The shares were purchased at an average price of $23.40 per share, with a total value of $220,615.20. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 191,010 shares of company stock valued at $4,702,051. Company insiders own 1.27% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. bought a new stake in Peabody Energy Corporation during the second quarter worth $142,007,000. BlackRock Inc. acquired a new stake in shares of Peabody Energy Corporation during the second quarter valued at $91,395,000. Alden Global Capital LLC acquired a new stake in shares of Peabody Energy Corporation during the second quarter valued at $50,824,000. Alliancebernstein L.P. acquired a new stake in shares of Peabody Energy Corporation during the second quarter valued at $43,211,000. Finally, JB Investments Management LLC acquired a new stake in shares of Peabody Energy Corporation during the second quarter valued at $37,940,000. 0.63% of the stock is currently owned by hedge funds and other institutional investors.

Peabody Energy Corporation 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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