Alpha Metallurgical Resources (NYSE:AMR) Releases Earnings Results, Misses Estimates By $1.54 EPS

Alpha Metallurgical Resources (NYSE:AMRGet Free Report) released its earnings results on Friday. The energy company reported ($2.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.06) by ($1.54), Zacks reports. The business had revenue of $531.96 million during the quarter, compared to the consensus estimate of $586.15 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The business’s revenue was down 38.4% on a year-over-year basis. During the same period in the prior year, the company earned $9.59 earnings per share.

Alpha Metallurgical Resources Stock Down 8.7 %

NYSE AMR opened at $113.13 on Friday. The company has a market cap of $1.48 billion, a PE ratio of 4.15 and a beta of 0.72. The firm’s 50-day simple moving average is $124.35 and its two-hundred day simple moving average is $175.58. Alpha Metallurgical Resources has a 52 week low of $100.00 and a 52 week high of $334.72.

Analyst Ratings Changes

Separately, B. Riley reduced their price objective on Alpha Metallurgical Resources from $272.00 to $183.00 and set a “buy” rating for the company in a research note on Friday, April 11th.

View Our Latest Research Report on Alpha Metallurgical Resources

About Alpha Metallurgical Resources

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Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.

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Earnings History for Alpha Metallurgical Resources (NYSE:AMR)

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