Alpha Metallurgical Resources (AMR) Projected to Post Quarterly Earnings on Friday

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) will likely be announcing its Q4 2024 earnings results before the market opens on Friday, February 28th. Analysts expect the company to announce earnings of ($0.07) per share and revenue of $658.20 million for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its quarterly earnings data on Friday, February 28th. The energy company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.09). Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The business had revenue of $617.30 million during the quarter, compared to analyst estimates of $658.20 million. During the same quarter in the prior year, the company posted $12.88 EPS. The company's quarterly revenue was down 35.7% compared to the same quarter last year. On average, analysts expect Alpha Metallurgical Resources to post $14 EPS for the current fiscal year and $35 EPS for the next fiscal year.

Alpha Metallurgical Resources Stock Performance

Shares of AMR stock traded down $11.38 during mid-day trading on Friday, reaching $137.18. The company's stock had a trading volume of 966,876 shares, compared to its average volume of 210,996. Alpha Metallurgical Resources has a 1-year low of $131.57 and a 1-year high of $397.00. The company has a market cap of $1.79 billion, a P/E ratio of 5.03 and a beta of 1.43. The firm's 50-day moving average is $183.33 and its two-hundred day moving average is $210.46.

Remove Ads

Insider Buying and Selling

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis sold 10,621 shares of the business's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $228.73, for a total value of $2,429,341.33. Following the completion of the transaction, the director now directly owns 603,342 shares of the company's stock, valued at approximately $138,002,415.66. The trade was a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 15.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Benchmark reiterated a "hold" rating on shares of Alpha Metallurgical Resources in a research report on Monday, November 4th.

About Alpha Metallurgical Resources

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.