B. Riley Analysts Decrease Earnings Estimates for Arch Resources, Inc. (NYSE:ARCH)

Arch Resources, Inc. (NYSE:ARCH - Free Report) - B. Riley cut their Q3 2024 EPS estimates for shares of Arch Resources in a report released on Wednesday, October 9th. B. Riley analyst L. Pipes now anticipates that the energy company will post earnings per share of $1.38 for the quarter, down from their previous forecast of $2.13. B. Riley has a "Buy" rating and a $188.00 price target on the stock. The consensus estimate for Arch Resources' current full-year earnings is $8.62 per share. B. Riley also issued estimates for Arch Resources' Q4 2024 earnings at $1.92 EPS, FY2024 earnings at $7.12 EPS and FY2025 earnings at $17.08 EPS.

Other equities research analysts have also issued research reports about the stock. StockNews.com initiated coverage on shares of Arch Resources in a report on Thursday. They set a "hold" rating on the stock. Benchmark reiterated a "buy" rating and issued a $180.00 price target 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 issued a buy rating to the company's stock. According to MarketBeat, Arch Resources currently has a consensus rating of "Hold" and a consensus price target of $175.75.

Arch Resources Price Performance

Shares of ARCH stock traded up $0.06 during trading hours on Monday, hitting $145.86. 169,759 shares of the company's stock were exchanged, compared to its average volume of 408,450. Arch Resources has a 52 week low of $116.44 and a 52 week high of $187.60. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 8.52 and a beta of 0.60. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.54 and a quick ratio of 1.77. The stock's 50-day moving average is $130.37 and its 200-day moving average is $148.94.

Arch Resources (NYSE:ARCH - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The energy company reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $1.31 by ($0.50). Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The business had revenue of $608.75 million for the quarter, compared to the consensus estimate of $562.23 million. During the same quarter last year, the company earned $4.04 earnings per share. The firm's revenue was down 19.6% on a year-over-year basis.

Institutional Trading of Arch Resources

A number of institutional investors and hedge funds have recently modified their holdings of ARCH. Vanguard Group Inc. raised its position in shares of Arch Resources by 13.9% during the first quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company's stock worth $377,465,000 after purchasing an additional 286,359 shares during the period. Pacer Advisors Inc. raised its holdings in Arch Resources by 13.6% during the 2nd quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company's stock worth $152,396,000 after buying an additional 119,505 shares during the period. Principal Financial Group Inc. lifted its stake in Arch Resources by 681.4% in the first quarter. Principal Financial Group Inc. now owns 108,929 shares of the energy company's stock valued at $17,515,000 after buying an additional 94,989 shares in the last quarter. First Eagle Investment Management LLC acquired a new position in shares of Arch Resources in the second quarter valued at approximately $11,813,000. Finally, American Century Companies Inc. increased its position in shares of Arch Resources by 14.1% during the second quarter. American Century Companies Inc. now owns 478,990 shares of the energy company's stock worth $72,917,000 after acquiring an additional 59,072 shares in the last quarter. 88.14% of the stock is owned by institutional investors.

Arch Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.69%. Arch Resources's dividend payout ratio (DPR) is presently 5.88%.

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.