B. Riley Has Positive Outlook for AMR FY2024 Earnings

Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) - Equities research analysts at B. Riley upped their FY2024 earnings per share estimates for shares of Alpha Metallurgical Resources in a research report issued on Monday, November 4th. B. Riley analyst L. Pipes now anticipates that the energy company will post earnings per share of $18.02 for the year, up from their prior estimate of $17.89. B. Riley has a "Buy" rating and a $336.00 price objective 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 $3.64 EPS, Q1 2025 earnings at $6.70 EPS, Q2 2025 earnings at $11.42 EPS, Q3 2025 earnings at $11.40 EPS, Q4 2025 earnings at $11.25 EPS, FY2025 earnings at $40.77 EPS, Q1 2026 earnings at $10.11 EPS, Q2 2026 earnings at $10.11 EPS, Q3 2026 earnings at $10.51 EPS and FY2026 earnings at $40.97 EPS.

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

Alpha Metallurgical Resources Stock Performance

Shares of NYSE AMR traded up $18.94 during trading on Wednesday, hitting $241.88. The company had a trading volume of 351,618 shares, compared to its average volume of 220,401. Alpha Metallurgical Resources has a 52 week low of $185.00 and a 52 week high of $452.00. The business's 50-day moving average is $216.45 and its 200 day moving average is $265.82. The company has a market cap of $3.15 billion, a P/E ratio of 8.88 and a beta of 1.33.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Federated Hermes Inc. bought a new stake in shares of Alpha Metallurgical Resources in the 2nd quarter valued at approximately $25,000. GAMMA Investing LLC increased its stake in shares of 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 purchasing an additional 76 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Alpha Metallurgical Resources during the 3rd quarter valued at $36,000. Sound Income Strategies LLC acquired a new stake in shares of Alpha Metallurgical Resources in the 3rd quarter valued at $40,000. Finally, Headlands Technologies LLC bought a new stake in Alpha Metallurgical Resources in the first quarter worth $88,000. Hedge funds and other institutional investors own 84.29% of the company's stock.

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.