Shares of St. Louis-based Peabody Energy Corporation (NYSE:BTU) moved up 9% on Monday after the nation’s biggest coal miner announced earnings that trumped Wall Street forecasts and executives indicated that coal markets may be bottoming out.
Peabody Energy reported that earnings in the third-quarter plunged 84% though topped the coal company’s estimates as revenue moved up over projected.
Coal Miner Company boosted the bottom end of its full-year sales estimates to between 240 million and 250 million tons from an earlier estimate of 230 million to 250 million tons.
On Monday, Peabody also project earnings in the range of $2.10 to $2.30 per share for the year. Analysts polled by Thomson Reuters had forecasted $1.78 per share.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Arch Coal Inc (NYSE:ACI) rose+6.32% to settle at $8.41, Alpha Natural Resources, Inc. (NYSE:ANR) moved up +5.693% to end at $9.48 while CONSOL Energy Inc. (NYSE:CNX) jumped +3.95% to finish at $36.60 on Monday.
Peabody Energy Corporation (NYSE:BTU) last session’s volume of 34.08 million shares was surprisingly higher than its average volume of 9.03 million shares. The stock after opening at $27.28 hit high price of $29.71 and then closed at $28.95 by scoring +11.82%.
The liquidity measure in recent quarter results of the company was recorded 1.48 as current ratio and on the other side the debt to equity ratio was 1.09 and long-term debt to equity ratio remained at 1.07. The Company had total cash of $489.20 million at hand and a book value per share as $21.74 in the most recent quarter.
The stock’s price volatility was 6.40 % for a week and 4.92% for a month as well as price volatility’s Average True Range for 14 days was 1.41 and its beta remained at 1.44.
BTU generated revenue of $8.26 billion in the previous twelve months and earned $942.50 million. The Company showed a positive 11.33% in the net profit margin as well as in its operating margin which remained at 17.79%. Company’s annual sales growth for the past five years was 14.51%.
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