Alpha Metallurgical Resources (AMR) Scheduled to Post Earnings on Friday

Alpha Metallurgical Resources (NYSE:AMR) will be issuing its quarterly earnings data before the market opens on Friday, November 1st. Analysts expect the company to announce earnings of $2.01 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Alpha Metallurgical Resources (NYSE:AMR) last announced its earnings results on Monday, August 5th. The energy company reported $4.49 earnings per share for the quarter, topping analysts’ consensus estimates of $4.46 by $0.03. Alpha Metallurgical Resources had a net margin of 13.52% and a return on equity of 28.63%. The company had revenue of $804.00 million during the quarter, compared to the consensus estimate of $733.05 million. During the same period in the previous year, the firm posted $12.16 earnings per share. The company’s revenue was down 6.3% on a year-over-year basis. On average, analysts expect Alpha Metallurgical Resources to post $21 EPS for the current fiscal year and $36 EPS for the next fiscal year.

Alpha Metallurgical Resources Trading Up 2.5 %

Shares of NYSE AMR opened at $203.37 on Friday. Alpha Metallurgical Resources has a 1-year low of $185.00 and a 1-year high of $452.00. The company has a market cap of $2.65 billion, a PE ratio of 4.93 and a beta of 1.30. The company has a 50-day moving average of $219.74 and a two-hundred day moving average of $273.53.

Wall Street Analyst Weigh In

AMR has been the subject of a number of research analyst reports. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Wednesday, October 16th. B. Riley dropped their target price on shares of Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating for the company in a research note on Friday, September 6th.

About Alpha Metallurgical Resources

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.