Q3 2019 EPS Estimates for Arch Coal Inc (NYSE:ARCH) Cut by B. Riley

Arch Coal Inc (NYSE:ARCH) – B. Riley dropped their Q3 2019 earnings per share estimates for shares of Arch Coal in a note issued to investors on Wednesday, June 12th. B. Riley analyst L. Pipes now forecasts that the energy company will earn $5.10 per share for the quarter, down from their previous estimate of $5.29. B. Riley has a “Buy” rating and a $125.00 price target on the stock. B. Riley also issued estimates for Arch Coal’s Q4 2019 earnings at $5.13 EPS, FY2019 earnings at $17.59 EPS, FY2020 earnings at $8.80 EPS and FY2021 earnings at $7.86 EPS.

A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Arch Coal from a “buy” rating to a “hold” rating in a research note on Tuesday, June 4th. TheStreet downgraded shares of Arch Coal from a “b” rating to a “c+” rating in a research note on Wednesday, May 29th. BMO Capital Markets raised their target price on shares of Arch Coal to $115.00 and gave the company a “market perform” rating in a research note on Wednesday, April 24th. Finally, ValuEngine raised shares of Arch Coal from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Arch Coal has a consensus rating of “Hold” and a consensus price target of $107.83.

ARCH stock opened at $88.13 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.80 and a quick ratio of 2.31. Arch Coal has a 12 month low of $75.09 and a 12 month high of $101.92. The company has a market capitalization of $1.48 billion, a PE ratio of 5.37 and a beta of 0.24.

Arch Coal (NYSE:ARCH) last released its quarterly earnings data on Tuesday, April 23rd. The energy company reported $3.91 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $1.38. Arch Coal had a net margin of 13.38% and a return on equity of 47.43%. The company had revenue of $555.18 million during the quarter, compared to analyst estimates of $572.79 million. During the same period last year, the business earned $2.74 earnings per share. Arch Coal’s revenue was down 3.5% compared to the same quarter last year.

Several hedge funds have recently bought and sold shares of the business. FMR LLC raised its stake in shares of Arch Coal by 8,292.7% during the first quarter. FMR LLC now owns 39,110 shares of the energy company’s stock worth $3,570,000 after acquiring an additional 38,644 shares in the last quarter. Metropolitan Life Insurance Co NY raised its stake in shares of Arch Coal by 188.8% during the first quarter. Metropolitan Life Insurance Co NY now owns 18,203 shares of the energy company’s stock worth $21,358,000 after acquiring an additional 11,899 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of Arch Coal by 850.0% during the first quarter. Macquarie Group Ltd. now owns 7,600 shares of the energy company’s stock worth $694,000 after acquiring an additional 6,800 shares in the last quarter. SEI Investments Co raised its stake in shares of Arch Coal by 25.9% during the first quarter. SEI Investments Co now owns 12,967 shares of the energy company’s stock worth $1,187,000 after acquiring an additional 2,670 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Arch Coal by 76.2% during the first quarter. Goldman Sachs Group Inc. now owns 302,709 shares of the energy company’s stock worth $27,628,000 after acquiring an additional 130,918 shares in the last quarter.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Thursday, May 30th. Arch Coal’s dividend payout ratio (DPR) is presently 11.88%.

Arch Coal Company Profile

Arch Coal, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2018, the company operated nine active mines. It also owned or controlled primarily through long-term leases approximately 28,292 acres of coal land in Ohio; 1,060 acres of coal land in Maryland; 10,195 acres of coal land in Virginia; 359,122 acres of coal land in West Virginia; 81,868 acres of coal land in Wyoming; 268,802 acres of coal land in Illinois; 33,527 acres of coal land in Kentucky; 9,840 acres of coal land in Montana; 21,802 acres of coal land in New Mexico; 358 acres of coal land in Pennsylvania; and 19,146 acres of coal land in Colorado, as well as owned or controlled through long-term leases smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.

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Earnings History and Estimates for Arch Coal (NYSE:ARCH)

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