Arch Coal, Inc. Class A (ARCH) Posts Earnings Results, Beats Estimates By $1.80 EPS

Arch Coal, Inc. Class A (NYSE:ARCH) released its quarterly earnings results on Tuesday. The energy company reported $4.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.32 by $1.80, RTT News reports. The business had revenue of $560.20 million during the quarter, compared to the consensus estimate of $574.83 million. During the same period in the prior year, the firm earned $1.65 earnings per share. The business’s quarterly revenue was down 2.7% compared to the same quarter last year.

Shares of Arch Coal, Inc. Class A (ARCH) opened at $88.58 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.79 and a quick ratio of 2.40. Arch Coal, Inc. Class A has a 12-month low of $60.13 and a 12-month high of $99.53.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Monday, March 5th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.81%. This is a positive change from Arch Coal, Inc. Class A’s previous quarterly dividend of $0.35.

A number of research analysts recently issued reports on the company. Zacks Investment Research cut Arch Coal, Inc. Class A from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Stifel Nicolaus set a $109.00 price target on Arch Coal, Inc. Class A and gave the company a “buy” rating in a report on Tuesday, January 16th. JPMorgan Chase & Co. cut Arch Coal, Inc. Class A from an “overweight” rating to a “neutral” rating and set a $90.00 price target for the company. in a report on Thursday, January 25th. ValuEngine raised Arch Coal, Inc. Class A from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, B. Riley reaffirmed a “buy” rating on shares of Arch Coal, Inc. Class A in a report on Wednesday, November 1st. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Arch Coal, Inc. Class A presently has an average rating of “Buy” and an average price target of $96.50.

In related 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 sale, the director now owns 2,226 shares of the company’s stock, valued at $180,283.74. The disclosure for this sale can be found here. 1.34% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in ARCH. Royal Bank of Canada grew its position in shares of 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 worth $113,000 after buying an additional 967 shares during the period. New York State Teachers Retirement System acquired a new position in shares of Arch Coal, Inc. Class A during the 3rd quarter worth about $136,000. Ameritas Investment Partners Inc. acquired a new position in shares of Arch Coal, Inc. Class A during the 2nd quarter worth about $131,000. Meeder Asset Management Inc. acquired a new position in shares of Arch Coal, Inc. Class A during the 3rd quarter worth about $155,000. Finally, Ontario Teachers Pension Plan Board acquired a new position in shares of Arch Coal, Inc. Class A during the 4th quarter worth about $217,000.

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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 for Arch Coal, Inc. Class A (NYSE:ARCH)

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