Arch Resources (ARCH) Set to Announce Quarterly Earnings on Thursday

Arch Resources (NYSE:ARCH) will announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $2.79 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Arch Resources (NYSE:ARCH) last announced its earnings results on Thursday, February 15th. The energy company reported $6.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.90 by ($0.83). Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. The business had revenue of $774.00 million for the quarter, compared to analysts’ expectations of $704.53 million. During the same quarter last year, the business earned $23.18 EPS. The company’s quarterly revenue was down 9.9% on a year-over-year basis. On average, analysts expect Arch Resources to post $15 EPS for the current fiscal year and $20 EPS for the next fiscal year.

Arch Resources Trading Down 2.8 %

Shares of NYSE:ARCH opened at $156.84 on Wednesday. Arch Resources has a 1 year low of $102.42 and a 1 year high of $187.60. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 6.52 and a beta of 0.68. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.49 and a quick ratio of 1.83. The business’s 50 day moving average price is $164.30 and its 200-day moving average price is $163.62.

Arch Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.64%. Arch Resources’s dividend payout ratio (DPR) is 4.16%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ARCH shares. Citigroup reiterated a “neutral” rating and set a $170.00 target price (down previously from $185.00) on shares of Arch Resources in a research report on Thursday, April 18th. B. Riley cut their target price on Arch Resources from $198.00 to $193.00 and set a “buy” rating for the company in a research note on Monday, April 15th. StockNews.com downgraded Arch Resources from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Benchmark reaffirmed a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a research note on Monday. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $165.00 target price (down from $180.00) on shares of Arch Resources in a research note on Wednesday, April 10th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $177.00.

Insider Activity

In other news, CFO Matthew C. Giljum sold 199 shares of Arch Resources stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $169.64, for a total value of $33,758.36. Following the completion of the transaction, the chief financial officer now owns 27,986 shares in the company, valued at approximately $4,747,545.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Matthew C. Giljum sold 199 shares of Arch Resources stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $169.64, for a total value of $33,758.36. Following the completion of the transaction, the chief financial officer now owns 27,986 shares in the company, valued at approximately $4,747,545.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James N. Chapman sold 2,005 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $184.08, for a total value of $369,080.40. Following the sale, the director now owns 1,219 shares of the company’s stock, valued at approximately $224,393.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,335 shares of company stock worth $19,126,100. 5.90% of the stock is currently owned by company insiders.

About Arch Resources

Arch Resources, Inc engages in the production and sale of metallurgical products. It operates in two segments, Metallurgical and Thermal. The company operates active mines. It owned or controlled primarily through long-term leases of coal land in Ohio, Maryland, Virginia, West Virginia, Wyoming, Kentucky, Montana, Pennsylvania, Colorado, and Illinois; and smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.