Seaport Global Securities Weighs in on Arch Coal, Inc. Class A’s Q1 2018 Earnings (ARCH)

Arch Coal, Inc. Class A (NYSE:ARCH) – Investment analysts at Seaport Global Securities issued their Q1 2018 EPS estimates for Arch Coal, Inc. Class A in a research note issued to investors on Wednesday. Seaport Global Securities analyst M. Levin anticipates that the energy company will earn $3.83 per share for the quarter. Seaport Global Securities also issued estimates for Arch Coal, Inc. Class A’s Q2 2018 earnings at $2.65 EPS, Q3 2018 earnings at $2.34 EPS and Q4 2018 earnings at $1.78 EPS.

Arch Coal, Inc. Class A (NYSE:ARCH) last issued its earnings results on Tuesday, February 13th. The energy company reported $4.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $1.80. The firm had revenue of $560.20 million during the quarter, compared to analysts’ expectations of $574.83 million. The firm’s revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.65 EPS.

Several other analysts also recently weighed in on ARCH. Jefferies Group reaffirmed a “buy” rating on shares of Arch Coal, Inc. Class A in a report on Thursday, October 19th. FBR & Co reaffirmed a “buy” rating on shares of Arch Coal, Inc. Class A in a report on Tuesday, October 31st. B. Riley reaffirmed a “buy” rating on shares of Arch Coal, Inc. Class A in a report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Arch Coal, Inc. Class A from a “buy” rating to a “hold” rating in a report on Monday, November 20th. Finally, ValuEngine raised shares of Arch Coal, Inc. Class A from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $100.25.

Shares of Arch Coal, Inc. Class A (NYSE:ARCH) opened at $93.06 on Thursday. The company has a current ratio of 2.79, a quick ratio of 2.40 and a debt-to-equity ratio of 0.46. Arch Coal, Inc. Class A has a fifty-two week low of $60.13 and a fifty-two week high of $99.53.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Monday, March 5th will be paid a $0.40 dividend. This is a boost 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 annualized dividend and a dividend yield of 1.72%.

In related news, Director James N. Chapman sold 1,002 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were 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 firm’s stock in a transaction dated Tuesday, December 12th. The shares were 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 owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of 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 valued at $96,680,000 after purchasing an additional 1,002,176 shares during the period. Dimensional Fund Advisors LP acquired a new position in Arch Coal, Inc. Class A during the third quarter worth about $35,030,000. Skylands Capital LLC raised its position in Arch Coal, Inc. Class A by 10.4% during the third quarter. Skylands Capital LLC now owns 297,300 shares of the energy company’s stock worth $21,328,000 after acquiring an additional 28,050 shares during the last quarter. Davidson Kempner Capital Management LP raised its position in Arch Coal, Inc. Class A by 51.2% during the second quarter. Davidson Kempner Capital Management LP now owns 999,951 shares of the energy company’s stock worth $68,297,000 after acquiring an additional 338,500 shares during the last quarter. Finally, Tocqueville Asset Management L.P. raised its position in Arch Coal, Inc. Class A by 1.6% during the third quarter. Tocqueville Asset Management L.P. now owns 115,465 shares of the energy company’s stock worth $8,283,000 after acquiring an additional 1,815 shares during 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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