Brokers Offer Predictions for Arch Resources, Inc.’s Q3 2024 Earnings (NYSE:ARCH)

Arch Resources, Inc. (NYSE:ARCH) – Stock analysts at B. Riley cut their Q3 2024 earnings estimates for Arch Resources in a research note issued to investors on Wednesday, October 9th. B. Riley analyst L. Pipes now anticipates that the energy company will post earnings of $1.38 per share for the quarter, down from their prior estimate of $2.13. B. Riley has a “Buy” rating and a $188.00 price target on the stock. The consensus estimate for Arch Resources’ current full-year earnings is $8.62 per share. B. Riley also issued estimates for Arch Resources’ Q4 2024 earnings at $1.92 EPS, FY2024 earnings at $7.12 EPS and FY2025 earnings at $17.08 EPS.

ARCH has been the subject of a number of other research reports. StockNews.com began coverage on shares of Arch Resources in a research report on Thursday. They issued a “hold” rating for the company. Benchmark restated a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Arch Resources currently has an average rating of “Hold” and an average price target of $175.75.

Arch Resources Stock Performance

Shares of ARCH opened at $145.80 on Monday. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.07. The stock has a market cap of $2.64 billion, a P/E ratio of 8.58 and a beta of 0.60. The company has a 50-day moving average of $130.37 and a two-hundred day moving average of $148.94. Arch Resources has a 12-month low of $116.44 and a 12-month high of $187.60.

Arch Resources (NYSE:ARCH) last announced its earnings results on Thursday, July 25th. The energy company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.50). The business had revenue of $608.75 million for the quarter, compared to analyst estimates of $562.23 million. Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The business’s revenue was down 19.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.04 EPS.

Institutional Trading of Arch Resources

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Arch Resources by 13.9% during the first quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company’s stock worth $377,465,000 after purchasing an additional 286,359 shares during the period. Pacer Advisors Inc. grew its position in Arch Resources by 13.6% in the 2nd quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock valued at $152,396,000 after buying an additional 119,505 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Arch Resources by 6.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock valued at $148,146,000 after buying an additional 58,821 shares in the last quarter. Maple Rock Capital Partners Inc. boosted its position in shares of Arch Resources by 3.0% during the 1st quarter. Maple Rock Capital Partners Inc. now owns 522,439 shares of the energy company’s stock valued at $84,003,000 after purchasing an additional 15,000 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Arch Resources by 14.1% during the 2nd quarter. American Century Companies Inc. now owns 478,990 shares of the energy company’s stock valued at $72,917,000 after purchasing an additional 59,072 shares in the last quarter. 88.14% of the stock is owned by institutional investors and hedge funds.

Arch Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.25 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.00 annualized dividend and a yield of 0.69%. Arch Resources’s dividend payout ratio is presently 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.