Q3 2024 EPS Estimates for Arch Resources, Inc. Decreased by B. Riley (NYSE:ARCH)

Arch Resources, Inc. (NYSE:ARCH) – Analysts at B. Riley reduced their Q3 2024 EPS estimates for shares of Arch Resources in a research note issued to investors on Friday, April 26th. B. Riley analyst L. Pipes now expects that the energy company will earn $3.89 per share for the quarter, down from their previous forecast of $4.12. B. Riley has a “Buy” rating and a $193.00 price target on the stock. The consensus estimate for Arch Resources’ current full-year earnings is $14.50 per share. B. Riley also issued estimates for Arch Resources’ FY2024 earnings at $11.96 EPS.

Arch Resources (NYSE:ARCH) last announced its quarterly earnings results on Thursday, April 25th. The energy company reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $2.79 by $0.19. The company had revenue of $680.19 million during the quarter, compared to analysts’ expectations of $596.52 million. Arch Resources had a return on equity of 22.32% and a net margin of 10.89%. Arch Resources’s revenue was down 21.8% compared to the same quarter last year. During the same period in the prior year, the company earned $10.02 EPS.

Several other research firms also recently issued reports on ARCH. BMO Capital Markets reaffirmed a “market perform” rating and issued a $165.00 price objective (down previously from $180.00) on shares of Arch Resources in a research note on Wednesday, April 10th. Benchmark restated a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a research report on Monday, April 22nd. StockNews.com lowered shares of Arch Resources from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Finally, Citigroup reissued a “neutral” rating and issued a $170.00 price target (down previously from $185.00) on shares of Arch Resources in a research note on Thursday, April 18th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Arch Resources has a consensus rating of “Hold” and an average price target of $177.00.

Arch Resources Price Performance

Shares of ARCH opened at $164.42 on Monday. The company has a quick ratio of 1.83, a current ratio of 2.64 and a debt-to-equity ratio of 0.07. The stock has a market cap of $3.00 billion, a PE ratio of 9.67 and a beta of 0.68. Arch Resources has a 12-month low of $102.42 and a 12-month high of $187.60. The business has a 50-day simple moving average of $164.08 and a two-hundred day simple moving average of $163.72.

Institutional Trading of Arch Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd grew its stake in Arch Resources by 61.4% in the third quarter. Covestor Ltd now owns 184 shares of the energy company’s stock valued at $31,000 after acquiring an additional 70 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of Arch Resources by 99.0% in the 1st quarter. Lindbrook Capital LLC now owns 201 shares of the energy company’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Newbridge Financial Services Group Inc. grew its position in Arch Resources by 1,900.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 200 shares of the energy company’s stock valued at $33,000 after purchasing an additional 190 shares during the period. Hexagon Capital Partners LLC increased its stake in Arch Resources by 188.6% during the 4th quarter. Hexagon Capital Partners LLC now owns 202 shares of the energy company’s stock valued at $34,000 after purchasing an additional 132 shares in the last quarter. Finally, CVA Family Office LLC bought a new stake in Arch Resources during the 4th quarter valued at $38,000. 88.14% of the stock is owned by institutional investors.

Insider Transactions at Arch Resources

In other Arch Resources news, VP John A. Ziegler sold 148 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $172.33, for a total value of $25,504.84. Following the transaction, the vice president now directly owns 23,232 shares of the company’s stock, valued at $4,003,570.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Matthew C. Giljum sold 199 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $169.64, for a total transaction of $33,758.36. Following the transaction, the chief financial officer now owns 27,986 shares in the company, valued at $4,747,545.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John A. Ziegler sold 148 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $172.33, for a total transaction of $25,504.84. Following the transaction, the vice president now directly owns 23,232 shares in the company, valued at approximately $4,003,570.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,335 shares of company stock valued at $19,126,100. Corporate insiders own 5.40% of the company’s stock.

Arch Resources Cuts Dividend

The firm also recently declared a None dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a dividend of $1.11 per share. The ex-dividend date is Friday, May 31st. This represents a yield of 0.6%. Arch Resources’s payout ratio is currently 5.88%.

About Arch Resources

Arch Resources, Inc engages in the production and sale of metallurgical products. It operates in two segments, Metallurgical and Thermal. The company operates active mines. It owned or controlled primarily through long-term leases of coal land in Ohio, Maryland, Virginia, West Virginia, Wyoming, Kentucky, Montana, Pennsylvania, Colorado, and Illinois; and smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.