Arch Coal, Inc. Class A (NYSE:ARCH) – Research analysts at B. Riley raised their FY2019 earnings estimates for shares of Arch Coal, Inc. Class A in a note issued to investors on Thursday. B. Riley analyst L. Pipes now expects that the energy company will post earnings per share of $6.34 for the year, up from their prior estimate of $5.97. B. Riley currently has a “Buy” rating and a $95.00 price target on the stock.

Arch Coal, Inc. Class A (NYSE:ARCH) last posted its quarterly earnings data on Tuesday, October 31st. The energy company reported $2.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.96. The business had revenue of $613.53 million for the quarter, compared to the consensus estimate of $550.35 million. Arch Coal, Inc. Class A’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the business posted ($1.43) EPS.

Several other brokerages have also issued reports on ARCH. Zacks Investment Research lowered Arch Coal, Inc. Class A from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. ValuEngine raised Arch Coal, Inc. Class A from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. FBR & Co reaffirmed a “buy” rating on shares of Arch Coal, Inc. Class A in a research note on Tuesday, October 31st. Jefferies Group reaffirmed a “buy” rating on shares of Arch Coal, Inc. Class A in a research note on Thursday, October 19th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $92.00 price target on shares of Arch Coal, Inc. Class A in a research note on Friday, October 13th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $94.75.

Arch Coal, Inc. Class A (NYSE ARCH) traded down $1.85 during trading hours on Monday, reaching $96.83. The company had a trading volume of 331,200 shares, compared to its average volume of 335,889. Arch Coal, Inc. Class A has a 12 month low of $60.13 and a 12 month high of $99.53. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.79 and a quick ratio of 2.40.

Large investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Arch Coal, Inc. Class A during the 2nd quarter valued at about $104,000. Royal Bank of Canada increased its holdings in Arch Coal, Inc. Class A by 140.6% during the 2nd quarter. Royal Bank of Canada now owns 1,655 shares of the energy company’s stock valued at $113,000 after purchasing an additional 967 shares during the period. Ameritas Investment Partners Inc. purchased a new position in Arch Coal, Inc. Class A during the 2nd quarter valued at about $131,000. New York State Teachers Retirement System purchased a new position in Arch Coal, Inc. Class A during the 3rd quarter valued at about $136,000. Finally, Meeder Asset Management Inc. purchased a new position in Arch Coal, Inc. Class A during the 3rd quarter valued at about $155,000. Institutional investors own 37.04% of the company’s stock.

In other news, major shareholder Monarch Alternative Capital Lp sold 500,000 shares of Arch Coal, Inc. Class A stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $85.26, for a total value of $42,630,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director James N. Chapman sold 1,002 shares of Arch Coal, Inc. Class A stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $80.99, for a total value of $81,151.98. Following the completion of the transaction, the director now owns 2,226 shares in the company, valued at approximately $180,283.74. The disclosure for this sale can be found here. 1.34% of the stock is currently owned by insiders.

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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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