$553.68 Million in Sales Expected for Arch Coal Inc (ARCH) This Quarter

Analysts expect Arch Coal Inc (NYSE:ARCH) to post sales of $553.68 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Arch Coal’s earnings, with estimates ranging from $507.00 million to $588.83 million. Arch Coal posted sales of $592.35 million in the same quarter last year, which suggests a negative year-over-year growth rate of 6.5%. The firm is expected to announce its next quarterly earnings report on Tuesday, July 30th.

On average, analysts expect that Arch Coal will report full year sales of $2.34 billion for the current financial year, with estimates ranging from $2.17 billion to $2.44 billion. For the next year, analysts anticipate that the company will post sales of $2.32 billion, with estimates ranging from $2.03 billion to $2.50 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Arch Coal.

Arch Coal (NYSE:ARCH) last posted its quarterly earnings data on Tuesday, April 23rd. The energy company reported $3.91 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $1.38. The company had revenue of $555.18 million during the quarter, compared to analysts’ expectations of $572.79 million. Arch Coal had a return on equity of 47.43% and a net margin of 13.38%. Arch Coal’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.74 earnings per share.

A number of analysts have commented on ARCH shares. ValuEngine cut Arch Coal from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. B. Riley upped their price target on Arch Coal to $125.00 and gave the stock a “buy” rating in a research report on Friday, February 15th. TheStreet upgraded Arch Coal from a “c” rating to a “b” rating in a research report on Monday, January 28th. Zacks Investment Research upgraded Arch Coal from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research report on Wednesday, January 23rd. Finally, BMO Capital Markets upped their price target on Arch Coal to $115.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 24th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Arch Coal currently has an average rating of “Buy” and a consensus target price of $107.83.

Several large investors have recently added to or reduced their stakes in the stock. FMR LLC grew its position in shares of Arch Coal by 35.9% during the fourth quarter. FMR LLC now owns 466 shares of the energy company’s stock worth $39,000 after purchasing an additional 123 shares in the last quarter. Penn Capital Management Co. Inc. grew its position in shares of Arch Coal by 2.0% during the first quarter. Penn Capital Management Co. Inc. now owns 7,719 shares of the energy company’s stock worth $2,095,000 after purchasing an additional 148 shares in the last quarter. Rhumbline Advisers grew its position in shares of Arch Coal by 0.8% during the first quarter. Rhumbline Advisers now owns 26,051 shares of the energy company’s stock worth $2,378,000 after purchasing an additional 202 shares in the last quarter. Squarepoint Ops LLC grew its position in shares of Arch Coal by 1.4% during the fourth quarter. Squarepoint Ops LLC now owns 17,241 shares of the energy company’s stock worth $1,431,000 after purchasing an additional 235 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Arch Coal by 1.5% during the first quarter. Principal Financial Group Inc. now owns 19,179 shares of the energy company’s stock worth $1,750,000 after purchasing an additional 280 shares in the last quarter.

Shares of ARCH opened at $97.32 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.80 and a quick ratio of 2.31. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 6.42 and a beta of 0.05. Arch Coal has a 52 week low of $75.09 and a 52 week high of $101.92.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Thursday, May 30th. Arch Coal’s dividend payout ratio is currently 11.88%.

About Arch Coal

Arch Coal, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2018, the company operated nine active mines. It also owned or controlled primarily through long-term leases approximately 28,292 acres of coal land in Ohio; 1,060 acres of coal land in Maryland; 10,195 acres of coal land in Virginia; 359,122 acres of coal land in West Virginia; 81,868 acres of coal land in Wyoming; 268,802 acres of coal land in Illinois; 33,527 acres of coal land in Kentucky; 9,840 acres of coal land in Montana; 21,802 acres of coal land in New Mexico; 358 acres of coal land in Pennsylvania; and 19,146 acres of coal land in Colorado, as well as owned or controlled through long-term leases smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.

Further Reading: Overbought

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