Arch Coal Inc (NYSE:ARCH) – Analysts at B. Riley dropped their Q2 2019 earnings per share estimates for Arch Coal in a research note issued to investors on Wednesday, June 12th. B. Riley analyst L. Pipes now anticipates that the energy company will post earnings of $3.45 per share for the quarter, down from their previous estimate of $3.58. B. Riley has a “Buy” rating and a $125.00 price objective on the stock.
ARCH has been the subject of a number of other research reports. ValuEngine downgraded shares of Arch Coal from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. Zacks Investment Research downgraded shares of Arch Coal from a “buy” rating to a “hold” rating in a research report on Monday, April 15th. TheStreet downgraded shares of Arch Coal from a “b” rating to a “c+” rating in a research report on Wednesday, May 29th. Finally, BMO Capital Markets increased their target price on shares of Arch Coal to $115.00 and gave the company a “market perform” rating in a research report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $107.83.
NYSE:ARCH opened at $87.97 on Thursday. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 5.46 and a beta of 0.24. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.80 and a quick ratio of 2.31. Arch Coal has a fifty-two week low of $75.09 and a fifty-two week high of $101.92.
Arch Coal (NYSE:ARCH) last issued its quarterly earnings data on Tuesday, April 23rd. The energy company reported $3.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $1.38. The business had revenue of $555.18 million during the quarter, compared to analyst estimates of $572.79 million. Arch Coal had a net margin of 13.38% and a return on equity of 47.43%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the business earned $2.74 EPS.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Thursday, May 30th. Arch Coal’s dividend payout ratio is presently 11.88%.
A number of large investors have recently added to or reduced their stakes in ARCH. FMR LLC raised its stake in shares of Arch Coal by 8,292.7% during the 1st quarter. FMR LLC now owns 39,110 shares of the energy company’s stock worth $3,570,000 after purchasing an additional 38,644 shares during the period. Metropolitan Life Insurance Co NY raised its stake in shares of Arch Coal by 188.8% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 18,203 shares of the energy company’s stock worth $21,358,000 after purchasing an additional 11,899 shares during the period. Macquarie Group Ltd. raised its stake in shares of Arch Coal by 850.0% during the 1st quarter. Macquarie Group Ltd. now owns 7,600 shares of the energy company’s stock worth $694,000 after purchasing an additional 6,800 shares during the period. SEI Investments Co increased its holdings in Arch Coal by 25.9% in the 1st quarter. SEI Investments Co now owns 12,967 shares of the energy company’s stock worth $1,187,000 after acquiring an additional 2,670 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Arch Coal by 76.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 302,709 shares of the energy company’s stock worth $27,628,000 after acquiring an additional 130,918 shares during the last quarter.
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.
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