FY2024 Earnings Estimate for AMR Issued By B. Riley

Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) - B. Riley dropped their FY2024 earnings per share estimates for shares of Alpha Metallurgical Resources in a research report issued to clients and investors on Tuesday, November 5th. B. Riley analyst L. Pipes now forecasts that the energy company will post earnings per share of $16.87 for the year, down from their previous estimate of $18.02. B. Riley currently has a "Buy" rating and a $336.00 target price on the stock. The consensus estimate for Alpha Metallurgical Resources' current full-year earnings is $17.89 per share. B. Riley also issued estimates for Alpha Metallurgical Resources' Q4 2024 earnings at $2.49 EPS.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The energy company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $1.60 by ($1.31). Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The company had revenue of $671.90 million for the quarter, compared to analyst estimates of $672.95 million. During the same period in the previous year, the business posted $6.65 EPS. The firm's revenue for the quarter was down 9.4% compared to the same quarter last year.

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

Alpha Metallurgical Resources Trading Down 0.9 %

NYSE:AMR traded down $2.21 during midday trading on Thursday, hitting $239.71. 176,387 shares of the company were exchanged, compared to its average volume of 220,199. Alpha Metallurgical Resources has a fifty-two week low of $185.00 and a fifty-two week high of $452.00. The company has a market capitalization of $3.12 billion, a PE ratio of 8.80 and a beta of 1.33. The company has a fifty day simple moving average of $216.45 and a 200 day simple moving average of $265.64.

Institutional Investors Weigh In On Alpha Metallurgical Resources

Several large investors have recently modified their holdings of the company. Federated Hermes Inc. acquired a new stake in shares of Alpha Metallurgical Resources during the second quarter worth about $25,000. GAMMA Investing LLC lifted its position in Alpha Metallurgical Resources by 124.6% during the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the energy company's stock worth $32,000 after acquiring an additional 76 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in Alpha Metallurgical Resources during the 3rd quarter worth approximately $36,000. Sound Income Strategies LLC purchased a new position in shares of Alpha Metallurgical Resources in the 3rd quarter valued at approximately $40,000. Finally, Headlands Technologies LLC acquired a new position in shares of Alpha Metallurgical Resources in the first quarter valued at approximately $88,000. 84.29% of the stock is owned by institutional investors and hedge funds.

Alpha Metallurgical Resources Company Profile

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.