On Monday the coal mining and production company Peabody Energy
) reported a steep drop in earnings but a rise in revenues that
beat analysts expectations.
The St. Louis, Missouri based company reported third quarter
adjusted earnings per share of 51 cents down -43% from 90 cents per
share a year earlier. However, it beat the expectations of analysts
polled by Thomas Reuters by 17 cents.
BTU revenue came in at $2.06 billion for the quarter, up from
$1.98 billion a year earlier. That beat analysts expectations of
$1.97 billion for the quarter.
Peabody Energy expects the 2012 fiscal year EPS to be in the
range of $1.88 to $2.08. Analysts expect $1.79.
Peabody Energy shares were up $1.57, or +6.06%, in premarket
trading on Monday. Shares are down $7.22, or -21.81%, year to
The Bottom Line
Shares of Peabody Energy (
) have a 1.31% dividend yield, based on Friday's closing stock
price of $25.89. The stock has technical support in the $20-$22
price area. If the shares can firm up, we see overhead resistance
around the $29-$30 price levels.
Peabody Energy Corporation (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.0 out of 5 stars.
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, as well as a detailed explanation of
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