FY2024 EPS Estimates for Arch Resources Cut by B. Riley

Arch Resources, Inc. (NYSE:ARCH) – Analysts at B. Riley reduced their FY2024 earnings per share (EPS) estimates for shares of Arch Resources in a research report issued to clients and investors on Wednesday, November 6th. B. Riley analyst L. Pipes now anticipates that the energy company will earn $5.19 per share for the year, down from their prior forecast of $7.12. B. Riley currently has a “Buy” rating and a $188.00 target price on the stock. The consensus estimate for Arch Resources’ current full-year earnings is $7.84 per share. B. Riley also issued estimates for Arch Resources’ Q4 2024 earnings at $0.93 EPS.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($2.17). Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The firm had revenue of $617.90 million for the quarter, compared to the consensus estimate of $587.71 million. During the same period last year, the company posted $3.91 earnings per share. The business’s revenue was down 17.0% compared to the same quarter last year.

Several other analysts have also issued reports on the company. StockNews.com initiated coverage on Arch Resources in a research note on Sunday, November 3rd. They issued a “hold” rating on the stock. Benchmark restated a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $175.75.

Arch Resources Stock Down 0.0 %

Arch Resources stock opened at $168.39 on Friday. Arch Resources has a fifty-two week low of $116.44 and a fifty-two week high of $187.60. The firm has a market capitalization of $3.04 billion, a PE ratio of 12.23 and a beta of 0.59. The company’s 50-day moving average is $138.13 and its 200-day moving average is $147.49. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.54 and a quick ratio of 1.77.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Alpine Associates Management Inc. acquired a new stake in shares of Arch Resources in the third quarter valued at approximately $8,404,000. Quest Partners LLC bought a new position in Arch Resources during the 3rd quarter worth $50,000. Empowered Funds LLC raised its holdings in Arch Resources by 12.1% in the 3rd quarter. Empowered Funds LLC now owns 68,024 shares of the energy company’s stock valued at $9,398,000 after acquiring an additional 7,364 shares in the last quarter. Royce & Associates LP lifted its position in shares of Arch Resources by 137.2% during the 3rd quarter. Royce & Associates LP now owns 10,817 shares of the energy company’s stock valued at $1,494,000 after acquiring an additional 6,256 shares during the period. Finally, KBC Group NV grew its holdings in shares of Arch Resources by 43.3% during the 3rd quarter. KBC Group NV now owns 569 shares of the energy company’s stock worth $79,000 after purchasing an additional 172 shares in the last quarter. Institutional investors and hedge funds own 88.14% of the company’s stock.

Insider Activity at Arch Resources

In other Arch Resources news, VP Deck Slone sold 253 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $144.75, for a total transaction of $36,621.75. Following the transaction, the vice president now owns 29,120 shares in the company, valued at $4,215,120. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.90% of the stock is currently owned by corporate insiders.

Arch Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 0.59%. Arch Resources’s payout ratio is currently 7.26%.

Arch Resources Company Profile

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.