Peabody Energy Corporation (NYSE:BTU) – Equities research analysts at FBR & Co reduced their Q4 2017 earnings per share estimates for shares of Peabody Energy Corporation in a report issued on Thursday. FBR & Co analyst L. Pipes now forecasts that the coal producer will post earnings of $1.33 per share for the quarter, down from their previous estimate of $1.59. FBR & Co currently has a “Buy” rating and a $37.00 price target on the stock. FBR & Co also issued estimates for Peabody Energy Corporation’s Q2 2019 earnings at $0.27 EPS.
Peabody Energy Corporation (NYSE:BTU) last released its earnings results on Wednesday, October 25th. The coal producer reported $1.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.14. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.50 billion. The company’s revenue was up 22.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($7.53) EPS. ILLEGAL ACTIVITY NOTICE: “Q4 2017 Earnings Estimate for Peabody Energy Corporation Issued By FBR & Co (BTU)” was originally published by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://www.com-unik.info/2017/10/30/q4-2017-earnings-estimate-for-peabody-energy-corporation-issued-by-fbr-co-btu.html.
Several other research firms have also recently commented on BTU. Zacks Investment Research raised Peabody Energy Corporation from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Wednesday, October 25th. Stifel Nicolaus set a $32.00 price objective on Peabody Energy Corporation and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Macquarie began coverage on Peabody Energy Corporation in a research note on Thursday, September 7th. They issued a “neutral” rating and a $30.00 price objective for the company. Finally, MKM Partners reissued a “buy” rating on shares of Peabody Energy Corporation in a research note on Tuesday, September 12th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $35.13.
Shares of Peabody Energy Corporation (NYSE BTU) opened at 30.69 on Monday. The firm has a 50-day moving average price of $29.58 and a 200 day moving average price of $26.89. The company’s market cap is $3.08 billion. Peabody Energy Corporation has a 1-year low of $22.58 and a 1-year high of $32.50.
In other Peabody Energy Corporation news, major shareholder Discovery Capital Management, sold 12,800,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $27.10, for a total value of $346,880,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Institutional investors have recently made changes to their positions in the business. Ameritas Investment Partners Inc. bought a new position in shares of Peabody Energy Corporation in the second quarter valued at approximately $105,000. FNY Partners Fund LP bought a new position in shares of Peabody Energy Corporation in the second quarter valued at approximately $146,000. BNP Paribas Arbitrage SA bought a new position in shares of Peabody Energy Corporation in the second quarter valued at approximately $162,000. Pacific Heights Asset Management LLC bought a new position in shares of Peabody Energy Corporation in the second quarter valued at approximately $295,000. Finally, Martingale Asset Management L P bought a new position in shares of Peabody Energy Corporation in the second quarter valued at approximately $301,000. 98.04% of the stock is owned by hedge funds and other institutional investors.
About Peabody Energy Corporation
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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