Arq, Inc. (NASDAQ:ARQ - Free Report) - Analysts at Roth Capital increased their FY2024 EPS estimates for shares of ARQ in a research note issued on Tuesday, November 5th. Roth Capital analyst G. Sweeney now expects that the company will earn ($0.11) per share for the year, up from their prior estimate of ($0.12). The consensus estimate for ARQ's current full-year earnings is ($0.12) per share. Roth Capital also issued estimates for ARQ's FY2025 earnings at $0.23 EPS, FY2026 earnings at $0.40 EPS and FY2027 earnings at $0.74 EPS.
ARQ Trading Up 11.6 %
Shares of ARQ stock traded up $0.70 on Thursday, hitting $6.72. 700,089 shares of the company's stock traded hands, compared to its average volume of 241,439. ARQ has a one year low of $1.84 and a one year high of $8.26. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.68 and a quick ratio of 1.83. The stock has a market capitalization of $245.37 million, a PE ratio of -56.00 and a beta of 1.40. The firm's 50-day moving average price is $5.82 and its two-hundred day moving average price is $6.29.
ARQ (NASDAQ:ARQ - Get Free Report) last released its quarterly earnings results on Monday, August 12th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The company had revenue of $25.41 million for the quarter, compared to the consensus estimate of $20.60 million. ARQ had a negative net margin of 4.07% and a negative return on equity of 2.38%. During the same period last year, the company earned ($0.21) earnings per share.
Institutional Trading of ARQ
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company bought a new stake in ARQ in the 2nd quarter valued at $63,000. Murphy Pohlad Asset Management LLC bought a new position in shares of ARQ in the third quarter valued at about $62,000. XTX Topco Ltd acquired a new stake in shares of ARQ during the 2nd quarter worth about $64,000. Mraz Amerine & Associates Inc. bought a new stake in shares of ARQ during the 3rd quarter worth about $66,000. Finally, Cubist Systematic Strategies LLC acquired a new position in ARQ in the 2nd quarter valued at about $71,000. Institutional investors and hedge funds own 18.49% of the company's stock.
Insider Activity
In other ARQ news, CEO Robert E. Rasmus bought 25,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was acquired at an average cost of $5.25 per share, with a total value of $131,250.00. Following the purchase, the chief executive officer now owns 450,792 shares in the company, valued at $2,366,658. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 26.87% of the stock is owned by company insiders.
About ARQ
(
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Arq, Inc produces activated carbon products in North America. The company's products include granular activated carbon, powdered and granular activated carbon, and colloidal carbon products; Arq Powder Wetcake, a fine and low-ash coal waste-derived particle; and additives for air emissions control.
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