ARQ (ARQ) Projected to Announce Quarterly Earnings on Monday

ARQ (NASDAQ:ARQ) will likely be posting its results after the market closes on Monday, August 10th. Analysts expect the company to announce earnings of $0.01 per share and revenue of $28.5680 million for the quarter.

ARQ (NASDAQ:ARQ) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02). ARQ had a negative net margin of 43.93% and a negative return on equity of 2.67%. The business had revenue of $29.05 million during the quarter, compared to the consensus estimate of $27.75 million. On average, analysts expect ARQ to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ARQ Trading Up 0.8%

Shares of NASDAQ ARQ traded up $0.01 during midday trading on Monday, reaching $1.99. The company had a trading volume of 16,624 shares, compared to its average volume of 540,235. The stock has a market cap of $85.21 million, a PE ratio of -1.54 and a beta of 2.00. ARQ has a one year low of $1.54 and a one year high of $7.89. The company has a quick ratio of 0.58, a current ratio of 1.02 and a debt-to-equity ratio of 0.05. The firm’s fifty day moving average price is $2.40 and its 200-day moving average price is $2.70.

Institutional Trading of ARQ

Several hedge funds and other institutional investors have recently made changes to their positions in ARQ. Dimensional Fund Advisors LP raised its stake in ARQ by 7.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 919,640 shares of the company’s stock valued at $3,007,000 after buying an additional 62,988 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of ARQ by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 778,142 shares of the company’s stock valued at $2,545,000 after acquiring an additional 3,505 shares in the last quarter. State Street Corp grew its position in ARQ by 1.0% during the 4th quarter. State Street Corp now owns 561,888 shares of the company’s stock valued at $1,837,000 after purchasing an additional 5,413 shares during the last quarter. Franklin Resources Inc. bought a new stake in ARQ during the 3rd quarter valued at about $4,015,000. Finally, Marshall Wace LLP bought a new position in shares of ARQ in the fourth quarter worth approximately $1,453,000. Hedge funds and other institutional investors own 18.49% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on ARQ shares. Wall Street Zen raised shares of ARQ from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of ARQ in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $5.00.

About ARQ

Arq, Inc is a holding company. It engages in the provision of environmental and emission control equipment to the power generation industry. The company operates through the following Segments: Refined Coal and Advanced Purification Technologies. The Refined Coal segment includes the Tinuum Group, Tinuum Services, and GWN Manager. The Advanced Purification Technologies segment refers to the sale of Activated Carbon Injection and Dry Sorbent Injection equipment systems, chemical sales, consulting services, and other sales related to the reduction of emissions in the coal-fired electric generation process and the electric utility industry.