LONDON, February 18, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Investor-Edge.com has issued free earnings coverage on Peabody Energy Corp. (NYSE: BTU). On January 27, 2015, the company reported its financial results for Q4 FY14 and full year FY14 (period ended December 31, 2014). Click on http://get.Investor-Edge.com/pdf/?c=Peabody%20Energy&d=18-Feb-2015&s=BTU to read our free earnings review on Peabody Energy Corporation (Peabody Energy). For Q4 FY14 and full-year FY14, Peabody Energy's revenues came in at $1.68 billion and $6.79 billion, respectively. Chairman and CEO of Peabody Energy, Gregory H. Boyce, stated that the company continues to drive improvements in safety, costs and productivity as it responds to challenging market conditions with additional cost reduction programs, capital efficiency initiatives and non-core asset sales. Our free coverage report can be accessed at:
http://get.Investor-Edge.com/pdf/?c=Peabody%20Energy&d=18-Feb-2015&s=BTU
Earnings Overview
During Q4 FY14, Peabody Energy's revenue fell by $58.3 million from $1.74 billion in Q4 FY13. However, the company's revenue in Q4 FY14 outperformed Bloomberg analysts' expectations of $1.65 billion. Peabody Energy's revenues from U.S. mining operations and Australian mining operations, which contributed to nearly 98.5% of total revenues combined, stood at $983.6 million and $676.3 million, respectively in Q4 FY14. Free research on BTU can be downloaded in PDF format at:
http://get.Investor-Edge.com/pdf/?c=Peabody%20Energy&d=18-Feb-2015&s=BTU
In Q4 FY14, Peabody Energy's reported net loss attributable to common stockholders of $514.6 million, or $1.92 loss per diluted share, compared to net loss attributable to common stockholders of $565.7 million, or $2.12 loss per diluted share, in Q4 FY13. Bloomberg analysts' had expected net loss attributable to common stockholders of $95.02 million, or $0.35 loss per diluted share, for Q4 FY14. The company's adjusted EBITDA came in at $207.7 million, in Q4 FY14, compared to $200.8 million in Q4 FY13.
During FY14, Peabody Energy's revenues fell by $221.5 million from $7.01 billion in FY13. However, the company's FY14 revenues outperformed Bloomberg analysts' forecast of $6.74 billion. While Peabody Energy's 2014 revenues from U.S. mining operations improved to $4.02 billion from $4.01 billion in FY 2013, revenues from Australian Mining operations fell to $2.67 billion in FY14 from $2.90 billion in the corresponding previous year.
Peabody Energy's net loss attributable to common stockholders for FY14 stood at $787.0 million, or $2.94 loss per diluted share, compared to $524.9 million, or $1.97 loss per diluted share, in FY13. Analysts at Bloomberg had expected net loss attributable to common stockholders of $373.8 million, or $1.38 loss per diluted share. Additionally, Peabody Energy's adjusted EBITDA declined to 814.0 million in FY14 from $1.05 billion in FY13. Sign up and read the free analyst's notes on BTU at:
http://get.Investor-Edge.com/pdf/?c=Peabody%20Energy&d=18-Feb-2015&s=BTU
Peabody Energy sold 64.3 million tons and 249.8 million tons of coal in Q4 FY14 and full-year FY14, respectively, compared to 64.6 million tons and 251.7 million tons in Q4 FY13 and full-year FY13, respectively. Mr. Boyce said that while the company expects coal fundamentals to improve over time, it is implementing further steps in its comprehensive plan to improve competitiveness and maintain adequate liquidity.
In FY14, the company reported net operating cash flow of $336.6 million, while cash balances declined $146.0 million to $298.0 million with total liquidity of $2.06 billion as on December 31, 2014.
In its guidance for FY15, the company expects total sales volume to be in the range of 245 to 265 million tons. Additionally, for Q1 FY15, Peabody is targeting adjusted EBITDA in the range of $160 million to $200 million and adjusted diluted earnings per share in the range of $(0.39) to $(0.32). Visit Investor-Edge and access the latest research on BTU at:
http://get.Investor-Edge.com/pdf/?c=Peabody%20Energy&d=18-Feb-2015&s=BTU
Stock Performance
On the day of the earnings release, January 27, 2015, Peabody Energy's stock plummeted 6.45% finishing the session at $6.24. Since then, the stock has mostly witnessed a positive momentum. On the last close, Tuesday, February 17, 2015, the company's shares finished 0.52% lower at $7.61. The company's shares vacillated between $7.43 and $7.76 during the session. A total of 6.56 million shares were traded which was below its three months average volume of 13.24 million shares. Over the previous three trading sessions and last one month, Peabody Energy's shares have gained 6.88% and 16.01%, respectively. However, the stock has declined 33.94% over the past three months. Shares in the company closed above their 50-day moving average of $7.37. Furthermore, the stock has a Relative Strength Index (RSI) of 56.77.
Sneak Peek to Corporate Insider Trading
In the last one month, Peabody Energy has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on BTU is available at:
http://get.Investor-Edge.com/pdf/?c=Peabody%20Energy&d=18-Feb-2015&s=BTU
About Investor-Edge.com
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