Research Analysts Set Expectations for ARQ FY2024 Earnings

Arq, Inc. (NASDAQ:ARQ) – Investment analysts at Roth Capital increased their FY2024 earnings per share estimates for ARQ in a report released on Tuesday, November 5th. Roth Capital analyst G. Sweeney now expects that the company will earn ($0.11) per share for the year, up from their previous estimate of ($0.12). The consensus estimate for ARQ’s current full-year earnings is ($0.12) per share. Roth Capital also issued estimates for ARQ’s FY2025 earnings at $0.23 EPS, FY2026 earnings at $0.40 EPS and FY2027 earnings at $0.74 EPS.

ARQ Stock Performance

Shares of ARQ stock opened at $6.92 on Thursday. The firm has a 50 day moving average of $5.82 and a 200-day moving average of $6.29. The company has a market cap of $252.65 million, a price-to-earnings ratio of -57.66 and a beta of 1.40. The company has a quick ratio of 1.83, a current ratio of 2.68 and a debt-to-equity ratio of 0.09. ARQ has a 52 week low of $1.94 and a 52 week high of $8.26.

ARQ (NASDAQ:ARQ) last posted its quarterly earnings data on Monday, August 12th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The business had revenue of $25.41 million during the quarter, compared to the consensus estimate of $20.60 million. ARQ had a negative return on equity of 2.38% and a negative net margin of 4.07%. During the same period last year, the business posted ($0.21) earnings per share.

Institutional Investors Weigh In On ARQ

Institutional investors have recently bought and sold shares of the stock. Murphy Pohlad Asset Management LLC purchased a new position in ARQ during the third quarter worth about $62,000. The Manufacturers Life Insurance Company purchased a new position in shares of ARQ in the 2nd quarter worth approximately $63,000. XTX Topco Ltd purchased a new position in shares of ARQ in the 2nd quarter worth approximately $64,000. Mraz Amerine & Associates Inc. bought a new position in shares of ARQ in the third quarter valued at approximately $66,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of ARQ during the second quarter valued at approximately $71,000. Institutional investors own 18.49% of the company’s stock.

Insiders Place Their Bets

In other ARQ news, CEO Robert E. Rasmus purchased 25,000 shares of ARQ stock in a transaction that occurred on Monday, September 23rd. The stock was acquired at an average price of $5.25 per share, with a total value of $131,250.00. Following the transaction, the chief executive officer now owns 450,792 shares in the company, valued at $2,366,658. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 26.87% of the company’s stock.

About ARQ

Arq, Inc produces activated carbon products in North America. The company's products include granular activated carbon, powdered and granular activated carbon, and colloidal carbon products; Arq Powder Wetcake, a fine and low-ash coal waste-derived particle; and additives for air emissions control.