FY2024 Earnings Estimate for AMR Issued By B. Riley

Alpha Metallurgical Resources, Inc. (NYSE:AMR) – Stock analysts at B. Riley lifted their FY2024 earnings per share (EPS) estimates for shares of Alpha Metallurgical Resources in a research report issued to clients and investors on Monday, November 4th. B. Riley analyst L. Pipes now forecasts that the energy company will post earnings of $18.02 per share for the year, up from their previous forecast of $17.89. B. Riley has a “Buy” rating and a $336.00 price target on the stock. The consensus estimate for Alpha Metallurgical Resources’ current full-year earnings is $17.89 per share. B. Riley also issued estimates for Alpha Metallurgical Resources’ Q4 2024 earnings at $3.64 EPS, Q1 2025 earnings at $6.70 EPS, Q2 2025 earnings at $11.42 EPS, Q3 2025 earnings at $11.40 EPS, Q4 2025 earnings at $11.25 EPS, FY2025 earnings at $40.77 EPS, Q1 2026 earnings at $10.11 EPS, Q2 2026 earnings at $10.11 EPS, Q3 2026 earnings at $10.51 EPS and FY2026 earnings at $40.97 EPS.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings results on Friday, November 1st. The energy company reported $0.29 EPS for the quarter, missing the consensus estimate of $1.60 by ($1.31). Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The business had revenue of $671.90 million during the quarter, compared to analyst estimates of $672.95 million. During the same quarter last year, the company posted $6.65 earnings per share. The company’s revenue was down 9.4% on a year-over-year basis.

Separately, Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday.

Alpha Metallurgical Resources Stock Down 0.9 %

Shares of NYSE:AMR opened at $239.71 on Wednesday. Alpha Metallurgical Resources has a 12-month low of $185.00 and a 12-month high of $452.00. The company’s 50 day moving average price is $216.45 and its two-hundred day moving average price is $265.64. The firm has a market cap of $3.12 billion, a PE ratio of 8.80 and a beta of 1.33.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Federated Hermes Inc. bought a new stake in Alpha Metallurgical Resources during the second quarter worth $25,000. GAMMA Investing LLC raised its holdings in shares of Alpha Metallurgical Resources by 124.6% during the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the energy company’s stock worth $32,000 after buying an additional 76 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Alpha Metallurgical Resources during the 3rd quarter worth $36,000. Sound Income Strategies LLC acquired a new stake in Alpha Metallurgical Resources in the third quarter valued at about $40,000. Finally, Headlands Technologies LLC bought a new position in Alpha Metallurgical Resources in the first quarter valued at about $88,000. 84.29% of the stock is 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.