Arch Resources (ARCH) will release its results on Tuesday
Arch Resources (NYSE:ARCH – Get Rating) will release its quarterly results before market open on Tuesday, April 26. Analysts expect Arch Resources to post earnings of $9.76 per share for the quarter. Those interested in listening to the company’s earnings conference call can do so using this link.
Arch Resources (NYSE:ARCH – Get Rating) last released its quarterly results on Tuesday, February 15. The energy company reported earnings per share of $13.19 for the quarter, beating the Zacks consensus estimate of $12.90 by $0.29. The company posted revenue of $805.70 million for the quarter, compared to $715.13 million expected by analysts. Arch Resources had a return on equity of 85.21% and a net margin of 15.29%. Arch Resources revenue grew 123.4% year over year. During the same quarter last year, the company posted EPS of ($2.07). On average, analysts expect Arch Resources to post EPS of $60 for the current fiscal year and EPS of $26 for the next fiscal year.
ARCH shares opened at $169.92 on Tuesday. The company’s 50-day moving average price is $137.35 and its 200-day moving average price is $107.41. The stock has a market capitalization of $2.63 billion, a P/E ratio of 9.39 and a beta of 0.83. Arch Resources has a 1-year low of $44.20 and a 1-year high of $175.99. The company has a current ratio of 1.69, a quick ratio of 1.39 and a debt ratio of 0.49.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 15. Investors of record on Monday, February 28 received a dividend of $0.25. The ex-dividend date was Friday, February 25. This represents a dividend of $1.00 on an annualized basis and a yield of 0.59%. Arch Resources’ dividend payout ratio is currently 5.52%.
ARCH has been the subject of a number of analyst reports. Zacks Investment Research has upgraded Arch Resources from a “hold” to a “sell” rating and has set a price target of $96.00 for the stock. in a Monday, January 24 research note. StockNews.com began covering Arch Resources in a research note on Thursday, March 31. They set a “buy” rating on the stock. Barclays raised its price target on Arch Resources from $50.00 to $51.00 in a research note on Thursday, January 6. BMO Capital Markets raised its price target on Arch Resources from $115.00 to $140.00 in a Wednesday, February 16 report. Finally, Jefferies Financial Group raised its price target on Arch Resources from $130.00 to $150.00 and gave the company a “holding” rating in a Wednesday, March 9 report. One analyst has assigned the stock a sell rating, one has issued a hold rating and three have assigned the stock a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $120.17.
In other news, Vice Chairman John A. Ziegler sold 5,000 shares of the company in a trade that took place on Wednesday, March 9. The stock was sold at an average price of $145.80, for a total transaction of $729,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, Vice Chairman Paul T. Demzik sold 8,540 shares of the company in a transaction that took place on Friday, March 4. The stock was sold at an average price of $149.86, for a total value of $1,279,804.40. The disclosure of this sale can be found here. In the past 90 days, insiders have sold 13,994 shares of the company valued at $2,060,495. Company insiders own 8.00% of the company’s shares.
Several hedge funds have recently changed their holdings in the company. Goldman Sachs Group Inc. increased its holdings of Arch Resources shares by 146.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 341,963 shares of the energy company worth $31,228,000 after buying an additional 203,017 shares in the last quarter. Deutsche Bank AG increased its holdings of Arch Resources shares by 17.5% during the fourth quarter. Deutsche Bank AG now owns 76,780 shares of the energy company worth $7,011,000 after buying 11,454 additional shares in the last quarter. Schonfeld Strategic Advisors LLC increased its position in Arch Resources shares by 4.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 9,700 shares of the energy company valued at $885,000 after buying an additional 400 shares during the period. MML Investors Services LLC increased its position in Arch Resources shares by 5.1% during the fourth quarter. MML Investors Services LLC now owns 3,754 shares of the energy company valued at $343,000 after purchasing an additional 181 shares during the period. Finally, Guggenheim Capital LLC purchased a new stake in Arch Resources stock during the fourth quarter valued at approximately $347,000.
About Arch Resources (Get a rating)
Arch Resources, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2021, the company operated seven active mines. It also owned or controlled primarily through long-term leases approximately 28,292 acres of coal land in Ohio; 952 acres of coal land in Maryland; 10,095 acres of coalfields in Virginia; 306,033 acres of coal land in West Virginia; 81,470 acres of coal land in Wyoming; 234,543 acres of coal land in Illinois; 33,047 acres of coal land in Kentucky; 362 acres of coal land in Montana; 248 acres of coalfields in Pennsylvania; and 19,018 acres of coalfields in Colorado, as well as smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah and Texas.
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