American Resources Co. (NASDAQ:AREC) Forecasted to Post Q1 2024 Earnings of ($0.06) Per Share

American Resources Co. (NASDAQ:AREC) – Research analysts at Roth Capital decreased their Q1 2024 EPS estimates for American Resources in a research note issued on Thursday, April 25th. Roth Capital analyst M. Niehuser now anticipates that the company will post earnings per share of ($0.06) for the quarter, down from their previous estimate of ($0.03). The consensus estimate for American Resources’ current full-year earnings is ($0.09) per share. Roth Capital also issued estimates for American Resources’ Q2 2024 earnings at ($0.04) EPS, Q4 2024 earnings at $0.03 EPS and FY2024 earnings at ($0.09) EPS.

American Resources Price Performance

Shares of NASDAQ:AREC opened at $1.55 on Monday. American Resources has a 52 week low of $1.04 and a 52 week high of $2.16. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 230.66. The firm has a market capitalization of $122.73 million, a P/E ratio of -11.07 and a beta of 0.39. The firm’s 50 day moving average is $1.46 and its two-hundred day moving average is $1.48.

American Resources (NASDAQ:AREC) last announced its quarterly earnings results on Thursday, March 28th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.10). American Resources had a negative net margin of 66.89% and a negative return on equity of 135.75%. The firm had revenue of $0.07 million during the quarter, compared to analyst estimates of $2.20 million.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in American Resources stock. Jump Financial LLC acquired a new stake in shares of American Resources Co. (NASDAQ:AREC) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 20,800 shares of the company’s stock, valued at approximately $35,000. 9.32% of the stock is currently owned by institutional investors.

About American Resources

American Resources Corporation, together with its subsidiaries, extracts, processes, transports, and sells metallurgical coal to the steel and industrial industries. It supplies raw materials; and sells coal used in pulverized coal injections. The company was founded in 2006 and is headquartered in Fishers, Indiana.