RAMACO RESOURCES Reports Earnings Results for FY2023 Q3
November 26, 2023
🌥️Earnings Overview
On November 7, RAMACO RESOURCES ($NASDAQ:METCB) reported their earnings results for the third quarter of FY2023, which ended on September 30 2023. Total revenue was USD 187.0 million, showing a 36.5% year-over-year growth. Unfortunately, the net income was USD 19.5 million, demonstrating a 27.7% year-over-year decline.
Share Price
The stock opened at $13.2 and closed at $12.1, representing a 3.8% decrease from its previous closing price of 12.6. However, there were some areas of concern as well. Despite these issues, RAMACO RESOURCES reported strong results for the quarter overall, and analysts expect the company’s performance to improve in future quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ramaco Resources. More…
| Total Revenues | Net Income | Net Margin |
| 626.02 | 66.66 | 10.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ramaco Resources. More…
| Operations | Investing | Financing |
| 148.55 | -91.64 | -61.03 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ramaco Resources. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 646.71 | 294.11 | 6.69 |
Key Ratios Snapshot
Some of the financial key ratios for Ramaco Resources are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 56.5% | 72.0% | 12.6% |
| FCF Margin | ROE | ROA |
| 8.3% | 14.3% | 7.6% |
Analysis
GoodWhale has analyzed the financials of RAMACO RESOURCES and classified it as a ‘cheetah’ according to our Star Chart. This means that the company has achieved high revenue or earnings growth, but is considered less stable due to lower profitability. We believe that investors who are looking for high-growth potential with a degree of risk may be interested in RAMACO RESOURCES. In terms of its financial health, RAMACO RESOURCES is strong in growth, and medium in asset, dividend, profitability. It has an intermediate health score of 6/10, which suggests that it might be able to safely ride out any crisis without the risk of bankruptcy. More…
Summary
RAMACO RESOURCES reported its earnings results for the third quarter of FY2023, which ended on September 30 2023. The company recorded a total revenue of USD 187.0 million, representing an impressive 36.5% year-over-year increase. Unfortunately, the net income was USD 19.5 million, indicating a 27.7% year-over-year decrease. This news caused the stock price to move down the same day.
Investors should take this into consideration when analyzing RAMACO RESOURCES as an investment opportunity. Those looking to buy should research the company’s financial history and future outlook in order to make an informed decision.
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