FY2024 EPS Estimates for Arch Resources Decreased by Analyst

Arch Resources, Inc. (NYSE:ARCH - Free Report) - Equities research analysts at B. Riley reduced their FY2024 earnings per share (EPS) estimates for Arch Resources in a report issued on Wednesday, November 6th. B. Riley analyst L. Pipes now forecasts that the energy company will post earnings per share of $5.19 for the year, down from their previous forecast of $7.12. B. Riley currently has a "Buy" rating and a $188.00 target price on the stock. The consensus estimate for Arch Resources' current full-year earnings is $7.84 per share. B. Riley also issued estimates for Arch Resources' Q4 2024 earnings at $0.93 EPS.

Arch Resources (NYSE:ARCH - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The energy company reported ($0.34) EPS for the quarter, missing the consensus estimate of $1.83 by ($2.17). Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The business had revenue of $617.90 million during the quarter, compared to the consensus estimate of $587.71 million. During the same quarter in the previous year, the business posted $3.91 earnings per share. Arch Resources's quarterly revenue was down 17.0% compared to the same quarter last year.

Several other equities research analysts also recently commented on ARCH. StockNews.com began coverage on Arch Resources in a report on Sunday, November 3rd. They issued a "hold" rating for the company. Benchmark reiterated a "buy" rating and issued a $180.00 price objective on shares of Arch Resources in a report on Friday, July 26th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $175.75.

Arch Resources Stock Performance

NYSE ARCH traded down $0.01 during trading hours on Friday, hitting $168.39. The company's stock had a trading volume of 495,603 shares, compared to its average volume of 403,147. Arch Resources has a 12 month low of $116.44 and a 12 month high of $187.60. The company's 50 day simple moving average is $138.13 and its two-hundred day simple moving average is $147.49. The company has a market cap of $3.04 billion, a P/E ratio of 12.23 and a beta of 0.59. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.54 and a quick ratio of 1.77.

Arch Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 0.59%. Arch Resources's payout ratio is 7.26%.

Insiders Place Their Bets

In related news, VP Deck Slone sold 253 shares of the business's stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $144.75, for a total transaction of $36,621.75. Following the completion of the transaction, the vice president now directly owns 29,120 shares in the company, valued at approximately $4,215,120. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 5.90% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ARCH. Janney Montgomery Scott LLC grew its stake in shares of Arch Resources by 94.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 13,986 shares of the energy company's stock valued at $2,249,000 after acquiring an additional 6,778 shares during the period. Mutual of America Capital Management LLC bought a new position in Arch Resources in the 1st quarter worth approximately $509,000. Texas Permanent School Fund Corp bought a new position in Arch Resources in the 1st quarter worth approximately $2,585,000. Quantbot Technologies LP boosted its stake in Arch Resources by 1,696.9% in the 1st quarter. Quantbot Technologies LP now owns 19,407 shares of the energy company's stock worth $3,120,000 after purchasing an additional 18,327 shares during the period. Finally, Empowered Funds LLC boosted its stake in Arch Resources by 248.6% in the 1st quarter. Empowered Funds LLC now owns 57,859 shares of the energy company's stock worth $9,303,000 after purchasing an additional 41,263 shares during the period. 88.14% of the stock is currently owned by institutional investors.

Arch Resources Company Profile

Arch Resources, Inc engages in the production and sale of metallurgical products. It operates in two segments, Metallurgical and Thermal. The company operates active mines. It owned or controlled primarily through long-term leases of coal land in Ohio, Maryland, Virginia, West Virginia, Wyoming, Kentucky, Montana, Pennsylvania, Colorado, and Illinois; and smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.