During the last session, Peabody Energy Corp. (NYSE:BTU)’s traded shares were 3.12 million, with the beta value of the company hitting 1.00. At the end of the trading day, the stock’s price was $23.38, reflecting an intraday gain of 0.21% or $0.05. The 52-week high for the BTU share is $27.70, that puts it down -18.48 from that peak though still a striking 24.25% gain since the share price plummeted to a 52-week low of $17.71. The company’s market capitalization is $3.00B, and the average intraday trading volume over the past 10 days was 2.39 million shares, and the average trade volume was 3.98 million shares over the past three months.
Peabody Energy Corp. (NYSE:BTU) trade information
Peabody Energy Corp. (BTU) registered a 0.21% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.21% in intraday trading to $23.38, hitting a weekly high. The stock’s 5-day price performance is -3.63%, and it has moved by -10.59% in 30 days. Based on these gigs, the overall price performance for the year is -8.96%. The short interest in Peabody Energy Corp. (NYSE:BTU) is 16.93 million shares and it means that shorts have 4.28 day(s) to cover.
Peabody Energy Corp. (BTU) estimates and forecasts
Statistics show that Peabody Energy Corp. has underperformed its competitors in share price, compared to the industry in which it operates. Peabody Energy Corp. (BTU) shares have gone down -1.72% during the last six months, with a year-to-date growth rate less than the industry average at -26.80% against -7.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -55.40% this quarter and then drop -9.60% in the quarter after that. In the rating firms’ projections, revenue will decrease -10.90% compared to the previous financial year.
Revenue for the current quarter is expected to be $1.04 billion as predicted by 3 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $1.13 billion by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $1.23 billion and $1.27 billion respectively. In this case, analysts expect current quarter sales to shrink by -14.80% and then drop by -11.20% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 2.45%. While earnings are projected to return -23.61% in 2024.
BTU Dividends
Peabody Energy Corp. is due to release its next quarterly earnings between April 25 and April 29. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Peabody Energy Corp. is 0.30, with the dividend yield indicating at 1.28 percent, continuing the trend of increasing dividends in recent years.
Peabody Energy Corp. (NYSE:BTU)’s Major holders
Peabody Energy Corp. insiders own 0.47% of total outstanding shares while institutional holders control 82.32%, with the float percentage being 82.71%. Elliott Investment Management L.p. is the largest shareholder of the company, while 378 institutions own stock in it. As of Jun 29, 2023, the company held over 21.11 million shares (or 15.90% of all shares), a total value of $457.24 million in shares.
The next largest institutional holding, with 12.38 million shares, is of Vanguard Group Inc’s that is approximately 9.32% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $268.11 million.
Also, the Mutual Funds coming in first place with the largest holdings of Peabody Energy Corp. (BTU) shares are Vanguard Total Stock Market Index Fund and SPDR (R) Ser Tr-SPDR (R) S&P (R) Metals & Mining ETF. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 3.82 million shares. This amounts to just over 2.88 percent of the company’s overall shares, with a $82.72 million market value. The same data shows that the other fund manager holds slightly less at 3.72 million, or about 2.80% of the stock, which is worth about $80.3 million.
