Q1 2024 EPS Estimates for Arch Resources, Inc. Decreased by Analyst (NYSE:ARCH)

Arch Resources, Inc. (NYSE:ARCH) – Investment analysts at B. Riley reduced their Q1 2024 earnings per share (EPS) estimates for shares of Arch Resources in a note issued to investors on Monday, April 15th. B. Riley analyst L. Pipes now expects that the energy company will earn $2.79 per share for the quarter, down from their prior forecast of $4.06. B. Riley has a “Buy” rating and a $193.00 price target on the stock. The consensus estimate for Arch Resources’ current full-year earnings is $19.22 per share. B. Riley also issued estimates for Arch Resources’ Q2 2024 earnings at $1.57 EPS and FY2024 earnings at $12.65 EPS.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings data on Thursday, February 15th. The energy company reported $6.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.90 by ($0.83). Arch Resources had a return on equity of 32.20% and a net margin of 14.75%. The business had revenue of $774.00 million during the quarter, compared to the consensus estimate of $704.53 million. During the same period last year, the company earned $23.18 earnings per share. The business’s quarterly revenue was down 9.9% compared to the same quarter last year.

A number of other equities research analysts also recently weighed in on ARCH. Citigroup upped their target price on Arch Resources from $160.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. StockNews.com downgraded Arch Resources from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $165.00 price objective (down previously from $180.00) on shares of Arch Resources in a research report on Wednesday, April 10th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Arch Resources has an average rating of “Moderate Buy” and a consensus price target of $180.75.

Arch Resources Price Performance

ARCH traded down $1.62 during trading on Wednesday, reaching $164.30. The stock had a trading volume of 371,964 shares, compared to its average volume of 479,435. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 6.90 and a beta of 0.68. The company has a quick ratio of 1.83, a current ratio of 2.49 and a debt-to-equity ratio of 0.07. Arch Resources has a 1-year low of $102.42 and a 1-year high of $187.60. The stock has a 50 day moving average of $165.08 and a two-hundred day moving average of $163.32.

Arch Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.61%. Arch Resources’s payout ratio is currently 4.16%.

Insider Transactions at Arch Resources

In other news, VP Rosemary L. Klein sold 1,708 shares of the firm’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $185.00, for a total value of $315,980.00. Following the completion of the sale, the vice president now owns 6,449 shares of the company’s stock, valued at $1,193,065. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, VP Paul T. Demzik sold 4,451 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $178.40, for a total value of $794,058.40. Following the completion of the sale, the vice president now owns 2,192 shares of the company’s stock, valued at $391,052.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Rosemary L. Klein sold 1,708 shares of the firm’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $185.00, for a total value of $315,980.00. Following the completion of the sale, the vice president now directly owns 6,449 shares of the company’s stock, valued at approximately $1,193,065. The disclosure for this sale can be found here. Insiders sold a total of 106,043 shares of company stock valued at $19,442,080 over the last quarter. Company insiders own 5.90% of the company’s stock.

Institutional Trading of Arch Resources

Hedge funds and other institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. raised its holdings in shares of Arch Resources by 35.3% during the third quarter. Advisors Asset Management Inc. now owns 62,030 shares of the energy company’s stock worth $10,586,000 after acquiring an additional 16,185 shares in the last quarter. Hudson Bay Capital Management LP purchased a new stake in shares of Arch Resources during the third quarter worth $2,560,000. Boston Partners purchased a new stake in shares of Arch Resources during the third quarter worth $1,138,000. Aigen Investment Management LP raised its holdings in shares of Arch Resources by 139.3% during the third quarter. Aigen Investment Management LP now owns 8,518 shares of the energy company’s stock worth $1,454,000 after acquiring an additional 4,958 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. raised its holdings in shares of Arch Resources by 11.3% during the third quarter. Maple Rock Capital Partners Inc. now owns 438,939 shares of the energy company’s stock worth $74,909,000 after acquiring an additional 44,700 shares in the last quarter. 88.14% of the stock is currently owned by hedge funds and other institutional investors.

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.