Arch Resources (NYSE:ARCH) Issues Earnings Results, Misses Estimates By $2.17 EPS

Arch Resources (NYSE:ARCH) released its quarterly earnings data on Tuesday. The energy company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.83 by ($2.17), RTT News reports. Arch Resources had a net margin of 9.24% and a return on equity of 17.91%. The company had revenue of $617.90 million for the quarter, compared to analyst estimates of $587.71 million. During the same quarter in the prior year, the firm earned $3.91 EPS. The company’s revenue for the quarter was down 17.0% compared to the same quarter last year.

Arch Resources Trading Up 12.4 %

Shares of Arch Resources stock opened at $166.43 on Thursday. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.07. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 12.09 and a beta of 0.59. The business has a fifty day simple moving average of $136.82 and a 200-day simple moving average of $147.29. Arch Resources has a fifty-two week low of $116.44 and a fifty-two week high of $187.60.

Arch Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.60%. Arch Resources’s dividend payout ratio (DPR) is presently 7.26%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ARCH. StockNews.com began coverage on Arch Resources in a research report on Sunday. They set a “hold” rating for the company. Benchmark reiterated a “buy” rating and set a $180.00 price target on shares of Arch Resources in a research report on Friday, July 26th. Finally, B. Riley reduced their price target on Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $175.75.

Insider Activity

In other news, VP Deck Slone sold 253 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $144.75, for a total value of $36,621.75. Following the completion of the sale, the vice president now owns 29,120 shares in the company, valued at $4,215,120. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On Arch Resources

Institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC raised its position in shares of Arch Resources by 132.0% during the second quarter. CWM LLC now owns 174 shares of the energy company’s stock worth $26,000 after purchasing an additional 99 shares during the period. Blue Trust Inc. raised its position in shares of Arch Resources by 5,500.0% during the second quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock worth $54,000 after purchasing an additional 330 shares during the period. Innealta Capital LLC acquired a new stake in shares of Arch Resources during the second quarter worth $55,000. Headlands Technologies LLC acquired a new stake in shares of Arch Resources during the first quarter worth $69,000. Finally, KBC Group NV raised its position in Arch Resources by 43.3% during the third quarter. KBC Group NV now owns 569 shares of the energy company’s stock valued at $79,000 after buying an additional 172 shares during the period. 88.14% of the stock is owned by institutional investors and hedge funds.

Arch Resources Company Profile

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.