Q1 2024 EPS Estimates for Arch Resources, Inc. Decreased by Analyst (NYSE:ARCH)

Arch Resources, Inc. (NYSE:ARCH) – Equities research analysts at B. Riley dropped their Q1 2024 earnings per share (EPS) estimates for shares of Arch Resources in a research report issued on Monday, April 15th. B. Riley analyst L. Pipes now expects that the energy company will earn $2.79 per share for the quarter, down from their prior estimate of $4.06. B. Riley currently has a “Buy” rating and a $193.00 target price on the stock. The consensus estimate for Arch Resources’ current full-year earnings is $19.22 per share. B. Riley also issued estimates for Arch Resources’ Q2 2024 earnings at $1.57 EPS and FY2024 earnings at $12.65 EPS.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings results on Thursday, February 15th. The energy company reported $6.07 earnings per share (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 firm had revenue of $774.00 million for the quarter, compared to the consensus estimate of $704.53 million. During the same period in the previous year, the company posted $23.18 EPS. Arch Resources’s quarterly revenue was down 9.9% compared to the same quarter last year.

A number of other equities research analysts also recently weighed in on the company. Citigroup raised their price objective on Arch Resources from $160.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. BMO Capital Markets reissued a “market perform” rating and issued a $165.00 price target (down previously from $180.00) on shares of Arch Resources in a report on Wednesday, April 10th. Finally, StockNews.com downgraded Arch Resources from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Arch Resources presently has a consensus rating of “Moderate Buy” and an average price target of $180.75.

Arch Resources Stock Down 1.0 %

ARCH stock traded down $1.62 during trading on Wednesday, reaching $164.30. 371,964 shares of the company traded hands, compared to its average volume of 479,435. Arch Resources has a 12 month low of $102.42 and a 12 month high of $187.60. The business has a 50 day simple moving average of $165.08 and a 200 day simple moving average of $163.32. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 6.90 and a beta of 0.68. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.83 and a current ratio of 2.49.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ARCH. Resurgent Financial Advisors LLC acquired a new stake in Arch Resources in the fourth quarter valued at approximately $29,000. Covestor Ltd grew its holdings in Arch Resources by 61.4% in the third quarter. Covestor Ltd now owns 184 shares of the energy company’s stock valued at $31,000 after purchasing an additional 70 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Arch Resources in the second quarter valued at approximately $32,000. Newbridge Financial Services Group Inc. grew its holdings in Arch Resources by 1,900.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 200 shares of the energy company’s stock valued at $33,000 after purchasing an additional 190 shares during the period. Finally, Hexagon Capital Partners LLC grew its holdings in Arch Resources by 188.6% in the fourth quarter. Hexagon Capital Partners LLC now owns 202 shares of the energy company’s stock valued at $34,000 after purchasing an additional 132 shares during the period. 88.14% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director James N. Chapman sold 2,005 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $184.08, for a total value of $369,080.40. Following the completion of the transaction, the director now directly owns 1,219 shares in the company, valued at $224,393.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director James N. Chapman sold 2,005 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $184.08, for a total value of $369,080.40. Following the completion of the transaction, the director now directly owns 1,219 shares in the company, valued at $224,393.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Matthew C. Giljum sold 199 shares of Arch Resources stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $169.64, for a total value of $33,758.36. Following the transaction, the chief financial officer now owns 27,986 shares of the company’s stock, valued at $4,747,545.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 106,043 shares of company stock valued at $19,442,080. 5.90% of the stock is currently owned by corporate insiders.

Arch Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Wednesday, February 28th. Arch Resources’s dividend payout ratio is presently 4.16%.

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.