Arch Coal (ACI) Announces Quarterly Results
Arch Coal (NYSE:ACI) posted its quarterly earnings results on Tuesday. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.31, Stock Ratings News reports. The company had revenue of $791.30 million for the quarter, compared to the consensus estimate of $888.79 million.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley downgraded shares of Arch Coal from an “equal weight” rating to an “underweight” rating in a research note to investors on Wednesday, October 16th. On the ratings front, analysts at Goldman Sachs Group Inc. downgraded shares of Arch Coal from a “neutral” rating to a “sell” rating in a research note to investors on Friday, September 27th. They now have a $3.00 price target on the stock, down previously from $4.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Arch Coal in a research note to investors on Thursday, September 26th. They now have a $4.75 price target on the stock. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $5.33.
Arch Coal (NYSE:ACI) opened at 4.16 on Tuesday. Arch Coal has a 52 week low of $3.47 and a 52 week high of $8.86. The stock has a 50-day moving average of $4. and a 200-day moving average of $4.71. The company’s market cap is $882.9 million.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Tuesday, November 26th.
Arch Coal, Inc (NYSE:ACI)is the coal producer.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.