Arch Coal, Inc. Class A (ARCH) Set to Announce Earnings on Tuesday
Arch Coal, Inc. Class A (NASDAQ:ARCH) will release its earnings data before the market opens on Tuesday, October 31st. Analysts expect Arch Coal, Inc. Class A to post earnings of $2.14 per share for the quarter.
Arch Coal, Inc. Class A (NASDAQ:ARCH) last announced its quarterly earnings results on Thursday, July 27th. The energy company reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.92 by ($0.07). The company had revenue of $549.87 million during the quarter, compared to analysts’ expectations of $596.76 million. Arch Coal, Inc. Class A’s quarterly revenue was up 30.8% compared to the same quarter last year. On average, analysts expect Arch Coal, Inc. Class A to post $8.94 EPS for the current fiscal year and $6.83 EPS for the next fiscal year.
Shares of Arch Coal, Inc. Class A (NASDAQ:ARCH) traded up 0.89% during mid-day trading on Tuesday, reaching $74.85. The company had a trading volume of 72,708 shares. The stock has a market capitalization of $1.82 billion and a P/E ratio of 1.04. The company’s 50-day moving average is $73.47 and its 200 day moving average is $72.53. Arch Coal, Inc. Class A has a 52-week low of $60.13 and a 52-week high of $86.47.
Several equities research analysts recently issued reports on the stock. Clarkson Capital reaffirmed a “buy” rating on shares of Arch Coal, Inc. Class A in a research note on Thursday, July 27th. MKM Partners reaffirmed a “buy” rating and issued a $104.00 price objective on shares of Arch Coal, Inc. Class A in a research note on Tuesday, September 12th. Jefferies Group LLC set a $90.00 price objective on shares of Arch Coal, Inc. Class A and gave the company a “buy” rating in a research note on Friday, August 18th. FBR & Co reaffirmed a “buy” rating on shares of Arch Coal, Inc. Class A in a research note on Tuesday, September 19th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $92.00 target price on shares of Arch Coal, Inc. Class A in a report on Friday, October 13th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $93.00.
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Arch Coal, Inc. Class A Company Profile
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.
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