Arch Coal, Inc. Class A (NASDAQ:ARCH) – Equities research analysts at FBR & Co lowered their Q3 2017 earnings estimates for Arch Coal, Inc. Class A in a report issued on Wednesday. FBR & Co analyst L. Pipes now expects that the energy company will post earnings per share of $1.87 for the quarter, down from their previous estimate of $2.49. FBR & Co currently has a “Buy” rating and a $96.00 target price on the stock. FBR & Co also issued estimates for Arch Coal, Inc. Class A’s Q1 2018 earnings at $1.42 EPS, Q2 2018 earnings at $1.13 EPS, Q3 2018 earnings at $1.26 EPS, Q4 2018 earnings at $1.17 EPS and FY2018 earnings at $4.98 EPS.

Several other equities research analysts have also recently weighed in on ARCH. Clarkson Capital reiterated a “buy” rating on shares of Arch Coal, Inc. Class A in a research note on Thursday, July 27th. MKM Partners reiterated a “buy” rating and issued a $104.00 target price on shares of Arch Coal, Inc. Class A in a research note on Tuesday, September 12th. Jefferies Group LLC set a $90.00 target price on shares of Arch Coal, Inc. Class A and gave the company a “buy” rating in a research note on Friday, August 18th. Macquarie assumed coverage on shares of Arch Coal, Inc. Class A in a research note on Thursday, September 7th. They issued a “neutral” rating and a $84.00 target price for the company. Finally, Zacks Investment Research cut shares of Arch Coal, Inc. Class A from a “hold” rating to a “sell” rating in a research note on Friday, September 29th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $93.00.

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Arch Coal, Inc. Class A (NASDAQ:ARCH) last announced its quarterly earnings results on Thursday, July 27th. The energy company reported $1.85 EPS for the quarter, missing the consensus estimate of $1.92 by ($0.07). The firm had revenue of $549.87 million during the quarter, compared to analysts’ expectations of $596.76 million. The business’s revenue for the quarter was up 30.8% on a year-over-year basis.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. lifted its stake in Arch Coal, Inc. Class A by 2.8% during the second quarter. Principal Financial Group Inc. now owns 10,556 shares of the energy company’s stock worth $721,000 after purchasing an additional 287 shares during the period. Parkwood LLC lifted its stake in Arch Coal, Inc. Class A by 8.3% during the second quarter. Parkwood LLC now owns 4,680 shares of the energy company’s stock worth $320,000 after purchasing an additional 360 shares during the period. Bank of America Corp DE lifted its stake in Arch Coal, Inc. Class A by 3.3% during the first quarter. Bank of America Corp DE now owns 11,478 shares of the energy company’s stock worth $792,000 after purchasing an additional 370 shares during the period. Royal Bank of Canada lifted its stake in Arch Coal, Inc. Class A by 140.6% during the second quarter. Royal Bank of Canada now owns 1,655 shares of the energy company’s stock worth $113,000 after purchasing an additional 967 shares during the period. Finally, FNY Partners Fund LP lifted its stake in Arch Coal, Inc. Class A by 150.0% during the first quarter. FNY Partners Fund LP now owns 2,500 shares of the energy company’s stock worth $172,000 after purchasing an additional 1,500 shares during the period.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were paid a dividend of $0.35 per share. This is a boost from Arch Coal, Inc. Class A’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, August 29th. This represents a $1.40 dividend on an annualized basis and a yield of 1.98%.

About Arch Coal, Inc. Class A

Arch Coal, Inc is a coal producer. The Company is engaged in the production of thermal and metallurgical coal from surface and underground mines located throughout the United States, for sale to utility, industrial and steel producers both in the United States and around the world. The Company operates mining complexes in West Virginia, Kentucky, Maryland, Virginia, Illinois, Wyoming and Colorado.

Earnings History and Estimates for Arch Coal, Inc. Class A (NASDAQ:ARCH)

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