Alpha Metallurgical Resources (AMR) to Release Earnings on Monday

Alpha Metallurgical Resources (NYSE:AMR) will release its earnings data before the market opens on Monday, May 6th. Analysts expect Alpha Metallurgical Resources to post earnings of $8.58 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings data on Monday, February 26th. The energy company reported $12.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.78 by $4.10. Alpha Metallurgical Resources had a net margin of 20.80% and a return on equity of 46.22%. The company had revenue of $959.90 million during the quarter, compared to the consensus estimate of $796.65 million. During the same quarter last year, the company earned $13.37 earnings per share. Alpha Metallurgical Resources’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, analysts expect Alpha Metallurgical Resources to post $30 EPS for the current fiscal year and $36 EPS for the next fiscal year.

Alpha Metallurgical Resources Stock Up 0.8 %

Shares of NYSE:AMR opened at $343.90 on Monday. Alpha Metallurgical Resources has a 52-week low of $132.72 and a 52-week high of $452.00. The company has a 50 day moving average of $342.45 and a two-hundred day moving average of $320.74. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of 7.06 and a beta of 1.35.

Wall Street Analysts Forecast Growth

Separately, B. Riley decreased their price target on shares of Alpha Metallurgical Resources from $381.00 to $374.00 and set a “buy” rating for the company in a research report on Monday, April 15th.

Insider Transactions at Alpha Metallurgical Resources

In other news, CAO Roger Lee Nicholson sold 6,629 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $369.71, for a total transaction of $2,450,807.59. Following the completion of the sale, the chief accounting officer now owns 10,720 shares of the company’s stock, valued at $3,963,291.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Alpha Metallurgical Resources news, Director David J. Stetson sold 30,694 shares of Alpha Metallurgical Resources stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $392.30, for a total value of $12,041,256.20. Following the completion of the transaction, the director now owns 26,054 shares of the company’s stock, valued at $10,220,984.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Roger Lee Nicholson sold 6,629 shares of Alpha Metallurgical Resources stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $369.71, for a total transaction of $2,450,807.59. Following the completion of the transaction, the chief accounting officer now directly owns 10,720 shares of the company’s stock, valued at approximately $3,963,291.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 153,971 shares of company stock valued at $55,479,986. 15.00% of the stock is currently owned by corporate insiders.

Alpha Metallurgical Resources Company Profile

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.