Arch Resources, Inc. (NYSE:ARCH) Announces Quarterly Dividend of $0.25

Arch Resources, Inc. (NYSE:ARCH - Get Free Report) declared a quarterly dividend on Tuesday, November 5th, RTT News reports. Investors of record on Friday, November 15th will be given a dividend of 0.25 per share by the energy company on Tuesday, November 26th. This represents a $1.00 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Friday, November 15th.

Arch Resources has raised its dividend by an average of 26.0% per year over the last three years. Arch Resources has a payout ratio of 5.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Arch Resources to earn $19.73 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 5.1%.

Arch Resources Stock Up 4.1 %

Arch Resources stock traded up $5.88 during midday trading on Tuesday, hitting $148.10. 726,448 shares of the stock were exchanged, compared to its average volume of 399,070. Arch Resources has a 1 year low of $116.44 and a 1 year high of $187.60. The firm has a market cap of $2.68 billion, a P/E ratio of 10.76 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. The company has a 50 day moving average price of $135.68 and a two-hundred day moving average price of $147.26.

Arch Resources (NYSE:ARCH - Get Free Report) last released its earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share 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 company had revenue of $617.90 million during the quarter, compared to the consensus estimate of $587.71 million. During the same period in the previous year, the firm posted $3.91 EPS. Arch Resources's revenue for the quarter was down 17.0% on a year-over-year basis. On average, sell-side analysts predict that Arch Resources will post 7.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Arch Resources

In other Arch Resources news, VP Deck Slone sold 253 shares of the company's stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $144.75, for a total value of $36,621.75. Following the transaction, the vice president now owns 29,120 shares in the company, valued at approximately $4,215,120. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ARCH shares. B. Riley cut their target price on shares of Arch Resources from $198.00 to $188.00 and set a "buy" rating for the company in a research note on Friday, September 6th. StockNews.com started coverage on shares of Arch Resources in a research note on Sunday. They set a "hold" rating for the company. Finally, Benchmark reissued a "buy" rating and set a $180.00 target price on shares of Arch Resources in a research note on Friday, July 26th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $175.75.

About Arch Resources

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.