Alpha Metallurgical Resources, Inc. (NYSE:AMR) to Post Q3 2024 Earnings of $2.01 Per Share, B. Riley Forecasts

Alpha Metallurgical Resources, Inc. (NYSE:AMR) – Stock analysts at B. Riley reduced their Q3 2024 earnings estimates for Alpha Metallurgical Resources in a research note issued to investors on Wednesday, October 9th. B. Riley analyst L. Pipes now expects that the energy company will earn $2.01 per share for the quarter, down from their prior estimate of $3.18. B. Riley currently has a “Buy” rating and a $336.00 target price on the stock. The consensus estimate for Alpha Metallurgical Resources’ current full-year earnings is $20.67 per share. B. Riley also issued estimates for Alpha Metallurgical Resources’ Q4 2024 earnings at $1.94 EPS, FY2024 earnings at $18.04 EPS and FY2025 earnings at $33.81 EPS.

Separately, Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Tuesday, August 6th.

Alpha Metallurgical Resources Trading Down 0.7 %

AMR stock opened at $224.20 on Monday. The company’s 50 day moving average is $226.53 and its 200 day moving average is $280.11. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 5.43 and a beta of 1.30. Alpha Metallurgical Resources has a 1-year low of $185.00 and a 1-year high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings data on Monday, August 5th. The energy company reported $4.49 earnings per share for the quarter, topping the consensus estimate of $4.46 by $0.03. The company had revenue of $804.00 million for the quarter, compared to analysts’ expectations of $733.05 million. Alpha Metallurgical Resources had a net margin of 13.52% and a return on equity of 28.63%. Alpha Metallurgical Resources’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $12.16 earnings per share.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AMR. Teachers Retirement System of The State of Kentucky bought a new position in Alpha Metallurgical Resources during the fourth quarter valued at approximately $1,051,000. American International Group Inc. grew its holdings in shares of Alpha Metallurgical Resources by 1.1% in the fourth quarter. American International Group Inc. now owns 6,300 shares of the energy company’s stock worth $2,135,000 after purchasing an additional 67 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Alpha Metallurgical Resources by 0.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 76,341 shares of the energy company’s stock worth $25,873,000 after purchasing an additional 638 shares during the last quarter. Creekmur Asset Management LLC bought a new position in shares of Alpha Metallurgical Resources in the fourth quarter worth approximately $36,000. Finally, Wellington Management Group LLP grew its holdings in shares of Alpha Metallurgical Resources by 5.8% in the fourth quarter. Wellington Management Group LLP now owns 50,053 shares of the energy company’s stock worth $16,964,000 after purchasing an additional 2,754 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors.

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.