Arch Coal, Inc. Class A (NYSE:ARCH) – B. Riley raised their Q1 2018 earnings per share (EPS) estimates for shares of Arch Coal, Inc. Class A in a research note issued on Wednesday. B. Riley analyst L. Pipes now anticipates that the energy company will post earnings of $4.22 per share for the quarter, up from their previous estimate of $3.97. B. Riley has a “Buy” rating and a $95.00 price objective on the stock.
Several other brokerages have also issued reports on ARCH. Zacks Investment Research upgraded Arch Coal, Inc. Class A from a “hold” rating to a “strong-buy” rating and set a $107.00 target price for the company in a research report on Tuesday, January 2nd. Jefferies Group set a $120.00 price target on Arch Coal, Inc. Class A and gave the company a “buy” rating in a report on Tuesday. FBR & Co reiterated a “buy” rating on shares of Arch Coal, Inc. Class A in a report on Tuesday, October 31st. 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. Finally, ValuEngine upgraded Arch Coal, Inc. Class A from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $100.25.
Arch Coal, Inc. Class A (NYSE:ARCH) last announced its earnings results on Tuesday, February 13th. The energy company reported $4.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $1.80. The business had revenue of $560.20 million for the quarter, compared to analysts’ expectations of $574.83 million. During the same quarter last year, the firm earned $1.65 EPS. The firm’s quarterly revenue was down 2.7% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Monday, March 5th will be issued a $0.40 dividend. This is a positive change from Arch Coal, Inc. Class A’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, March 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.72%.
In related news, Director James N. Chapman sold 1,002 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $180,283.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Monarch Alternative Capital Lp sold 500,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $85.26, for a total transaction of $42,630,000.00. The disclosure for this sale can be found here. 1.34% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. BlackRock Inc. raised its stake in Arch Coal, Inc. Class A by 242.4% in the second quarter. BlackRock Inc. now owns 1,415,537 shares of the energy company’s stock worth $96,680,000 after buying an additional 1,002,176 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in Arch Coal, Inc. Class A in the third quarter worth approximately $35,030,000. Skylands Capital LLC raised its stake in Arch Coal, Inc. Class A by 10.4% in the third quarter. Skylands Capital LLC now owns 297,300 shares of the energy company’s stock worth $21,328,000 after buying an additional 28,050 shares in the last quarter. Davidson Kempner Capital Management LP raised its stake in Arch Coal, Inc. Class A by 51.2% in the second quarter. Davidson Kempner Capital Management LP now owns 999,951 shares of the energy company’s stock worth $68,297,000 after buying an additional 338,500 shares in the last quarter. Finally, Tocqueville Asset Management L.P. raised its stake in Arch Coal, Inc. Class A by 1.6% in the third quarter. Tocqueville Asset Management L.P. now owns 115,465 shares of the energy company’s stock worth $8,283,000 after buying an additional 1,815 shares in the last quarter.
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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.
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