Arch Coal Inc (NYSE:ARCH) – Analysts at B. Riley dropped their Q3 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 forecasts that the energy company will post earnings per share of $5.10 for the quarter, down from their prior estimate of $5.29. B. Riley has a “Buy” rating and a $125.00 price objective on the stock. B. Riley also issued estimates for Arch Coal’s Q4 2019 earnings at $5.13 EPS, FY2019 earnings at $17.59 EPS, FY2020 earnings at $8.80 EPS and FY2021 earnings at $7.86 EPS.
Several other analysts also recently commented on the stock. 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 report on Wednesday, April 24th. Zacks Investment Research upgraded shares of Arch Coal from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a report on Tuesday, April 16th. ValuEngine downgraded shares of Arch Coal from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. Finally, TheStreet downgraded shares of Arch Coal from a “b” rating to a “c+” rating in a report on Wednesday, May 29th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $107.83.
Shares of ARCH stock opened at $88.13 on Friday. The stock has a market capitalization of $1.48 billion, a PE ratio of 5.37 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 one year low of $75.09 and a one year high of $101.92.
Arch Coal (NYSE:ARCH) last released its quarterly earnings data on Tuesday, April 23rd. The energy company reported $3.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.53 by $1.38. Arch Coal had a net margin of 13.38% and a return on equity of 47.43%. The firm had revenue of $555.18 million for the quarter, compared to the consensus estimate of $572.79 million. During the same quarter in the prior year, the company posted $2.74 earnings per share. The business’s revenue was down 3.5% on a year-over-year basis.
A number of institutional investors and hedge funds have recently bought and sold shares of ARCH. BlackRock Inc. boosted its position in shares of Arch Coal by 0.5% in the fourth quarter. BlackRock Inc. now owns 1,249,939 shares of the energy company’s stock valued at $103,731,000 after acquiring an additional 6,141 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Arch Coal by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,026,401 shares of the energy company’s stock valued at $93,681,000 after acquiring an additional 25,255 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Arch Coal by 18.8% during the 1st quarter. JPMorgan Chase & Co. now owns 527,555 shares of the energy company’s stock valued at $48,151,000 after acquiring an additional 83,590 shares during the period. LSV Asset Management grew its stake in shares of Arch Coal by 411.6% during the 1st quarter. LSV Asset Management now owns 484,622 shares of the energy company’s stock valued at $44,231,000 after acquiring an additional 389,902 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Arch Coal by 24.6% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 358,650 shares of the energy company’s stock valued at $32,737,000 after acquiring an additional 70,913 shares during the period.
The business also recently declared 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. The ex-dividend date is Thursday, May 30th. This represents a $1.80 annualized dividend and a yield of 2.04%. Arch Coal’s payout ratio is currently 11.88%.
Arch Coal Company Profile
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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