B. Riley Weighs in on Peabody Energy Co.’s Q4 2017 Earnings (BTU)

Peabody Energy Co. (NYSE:BTU) – Stock analysts at B. Riley lifted their Q4 2017 EPS estimates for Peabody Energy in a research note issued to investors on Thursday. B. Riley analyst L. Pipes now forecasts that the coal producer will earn $1.64 per share for the quarter, up from their previous forecast of $1.58. B. Riley has a “Buy” rating on the stock.

BTU has been the subject of several other reports. FBR & Co boosted their price objective on Peabody Energy from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Zacks Investment Research upgraded Peabody Energy from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Monday, December 4th. ValuEngine lowered Peabody Energy from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Jefferies Group started coverage on Peabody Energy in a research report on Tuesday, November 14th. They issued a “buy” rating and a $38.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Peabody Energy presently has a consensus rating of “Buy” and a consensus price target of $38.33.

Shares of Peabody Energy (NYSE:BTU) traded up $0.62 on Monday, hitting $40.20. The company had a trading volume of 315,158 shares, compared to its average volume of 947,330. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.75 and a quick ratio of 1.47. Peabody Energy has a 1-year low of $22.58 and a 1-year high of $40.92.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings data on Wednesday, October 25th. The coal producer reported $1.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.14. Peabody Energy had a return on equity of 19.92% and a net margin of 4.60%. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the firm earned ($7.53) EPS. Peabody Energy’s quarterly revenue was up 22.4% compared to the same quarter last year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. bought a new stake in Peabody Energy in the 2nd quarter valued at approximately $105,000. New York State Teachers Retirement System bought a new stake in Peabody Energy in the 3rd quarter valued at approximately $125,000. BNP Paribas Arbitrage SA bought a new stake in Peabody Energy in the 2nd quarter valued at approximately $162,000. Stratos Wealth Partners LTD. bought a new stake in Peabody Energy in the 3rd quarter valued at approximately $209,000. Finally, Amalgamated Bank bought a new stake in Peabody Energy in the 3rd quarter valued at approximately $211,000. Hedge funds and other institutional investors own 95.17% of the company’s stock.

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Peabody Energy 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.

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

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