Equities Analysts Set Expectations for Alpha Metallurgical Resources, Inc.'s Q3 2024 Earnings (NYSE:AMR)

Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) - Equities researchers at B. Riley lowered their Q3 2024 earnings per share (EPS) estimates for shares of Alpha Metallurgical Resources in a report issued on Wednesday, October 9th. B. Riley analyst L. Pipes now expects that the energy company will post earnings per share of $2.01 for the quarter, down from their previous forecast of $3.18. 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 $20.67 per share. B. Riley also issued estimates for Alpha Metallurgical Resources' Q4 2024 earnings at $1.94 EPS, FY2024 earnings at $18.04 EPS and FY2025 earnings at $33.81 EPS.

Separately, Benchmark reissued a "hold" rating on shares of Alpha Metallurgical Resources in a report on Tuesday, August 6th.

Alpha Metallurgical Resources Stock Down 0.2 %

Shares of Alpha Metallurgical Resources stock traded down $0.40 during trading on Monday, reaching $223.80. The company's stock had a trading volume of 107,786 shares, compared to its average volume of 223,493. The business's 50-day moving average price is $226.53 and its 200-day moving average price is $279.81. Alpha Metallurgical Resources has a 52 week low of $185.00 and a 52 week high of $452.00. The firm has a market cap of $2.91 billion, a PE ratio of 5.42 and a beta of 1.30.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its quarterly earnings results on Monday, August 5th. The energy company reported $4.49 earnings per share for the quarter, topping the consensus estimate of $4.46 by $0.03. The business had revenue of $804.00 million during the quarter, compared to analysts' expectations of $733.05 million. Alpha Metallurgical Resources had a return on equity of 28.63% and a net margin of 13.52%. The firm's revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period last year, the firm posted $12.16 EPS.

Institutional Investors Weigh In On Alpha Metallurgical Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Alpha Metallurgical Resources by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 1,224,801 shares of the energy company's stock valued at $405,617,000 after purchasing an additional 11,217 shares during the last quarter. Pacer Advisors Inc. grew its position in Alpha Metallurgical Resources by 22.2% during the 2nd quarter. Pacer Advisors Inc. now owns 613,208 shares of the energy company's stock worth $172,023,000 after acquiring an additional 111,504 shares during the last quarter. Gendell Jeffrey L increased its stake in shares of Alpha Metallurgical Resources by 21.8% in the first quarter. Gendell Jeffrey L now owns 350,125 shares of the energy company's stock valued at $115,951,000 after buying an additional 62,725 shares during the period. American Century Companies Inc. raised its holdings in Alpha Metallurgical Resources by 6.0% in the 2nd quarter. American Century Companies Inc. now owns 305,726 shares of the energy company's stock valued at $85,765,000 after buying an additional 17,261 shares during the last quarter. Finally, Jupiter Asset Management Ltd. boosted its position in Alpha Metallurgical Resources by 6.7% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 106,289 shares of the energy company's stock worth $29,817,000 after buying an additional 6,646 shares during the period. 84.29% of the stock is currently owned by institutional investors.

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.