Arch Resources (ARCH) Set to Announce Quarterly Earnings on Thursday

Arch Resources (NYSE:ARCH) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $2.79 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Arch Resources (NYSE:ARCH) last released its quarterly earnings results on Thursday, February 15th. The energy company reported $6.07 EPS for the quarter, missing analysts’ consensus estimates of $6.90 by ($0.83). Arch Resources had a return on equity of 32.20% and a net margin of 14.75%. The company had revenue of $774.00 million during the quarter, compared to analysts’ expectations of $704.53 million. During the same period in the prior year, the firm earned $23.18 EPS. Arch Resources’s quarterly revenue was down 9.9% on a year-over-year basis. On average, analysts expect Arch Resources to post $15 EPS for the current fiscal year and $20 EPS for the next fiscal year.

Arch Resources Price Performance

ARCH stock opened at $156.84 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.49 and a quick ratio of 1.83. Arch Resources has a one year low of $102.42 and a one year high of $187.60. The stock has a market cap of $2.86 billion, a PE ratio of 6.52 and a beta of 0.68. The firm has a 50 day simple moving average of $164.30 and a two-hundred day simple moving average of $163.62.

Arch Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.64%. Arch Resources’s payout ratio is 4.16%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ARCH. BMO Capital Markets restated a “market perform” rating and issued a $165.00 price objective (down from $180.00) on shares of Arch Resources in a report on Wednesday, April 10th. Citigroup restated a “neutral” rating and issued a $170.00 price objective (down from $185.00) on shares of Arch Resources in a report on Thursday, April 18th. StockNews.com lowered shares of Arch Resources from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Benchmark reiterated a “buy” rating and set a $180.00 price target on shares of Arch Resources in a report on Monday. Finally, B. Riley lowered their price target on shares of Arch Resources from $198.00 to $193.00 and set a “buy” rating for the company in a report on Monday, April 15th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $177.00.

Insider Activity at Arch Resources

In other Arch Resources news, VP Paul T. Demzik sold 4,451 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $178.40, for a total value of $794,058.40. Following the completion of the transaction, the vice president now directly owns 2,192 shares in the company, valued at approximately $391,052.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Arch Resources news, VP Paul T. Demzik sold 4,451 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $178.40, for a total value of $794,058.40. Following the completion of the transaction, the vice president now directly owns 2,192 shares in the company, valued at approximately $391,052.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman John W. Eaves sold 72,946 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $185.03, for a total transaction of $13,497,198.38. Following the completion of the transaction, the chairman now owns 136,725 shares of the company’s stock, valued at $25,298,226.75. The disclosure for this sale can be found here. Insiders sold 104,335 shares of company stock worth $19,126,100 in the last three months. 5.90% of the stock is owned by insiders.

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.