Arch Resources (NYSE:ARCH) Posts Quarterly Earnings Results, Beats Estimates By $0.19 EPS

Arch Resources (NYSE:ARCH) released its earnings results on Thursday. The energy company reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.79 by $0.19, Briefing.com reports. Arch Resources had a net margin of 10.89% and a return on equity of 22.32%. The firm had revenue of $680.19 million during the quarter, compared to analyst estimates of $596.52 million. During the same period last year, the business earned $10.02 earnings per share. The business’s revenue was down 21.8% on a year-over-year basis.

Arch Resources Stock Down 0.6 %

Shares of NYSE:ARCH opened at $164.42 on Friday. The company has a current ratio of 2.64, a quick ratio of 1.83 and a debt-to-equity ratio of 0.07. Arch Resources has a 12 month low of $102.42 and a 12 month high of $187.60. The company has a 50-day moving average price of $164.08 and a 200 day moving average price of $163.64. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 9.67 and a beta of 0.68.

Arch Resources Cuts Dividend

The business also recently disclosed a None dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a dividend of $1.11 per share. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, May 31st. Arch Resources’s dividend payout ratio (DPR) is presently 5.88%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a research report on Monday, April 22nd. Citigroup reaffirmed a “neutral” rating and issued a $170.00 price objective (down from $185.00) on shares of Arch Resources in a research report on Thursday, April 18th. B. Riley lowered their price objective on Arch Resources from $198.00 to $193.00 and set a “buy” rating on the stock in a research report on Monday, April 15th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $165.00 price objective (down from $180.00) on shares of Arch Resources in a research report on Wednesday, April 10th. Finally, StockNews.com cut Arch Resources from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $177.00.

Insider Activity at Arch Resources

In related news, VP Paul T. Demzik sold 4,451 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $178.40, for a total value of $794,058.40. Following the completion of the transaction, the vice president now owns 2,192 shares of the company’s stock, valued at approximately $391,052.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, VP Paul T. Demzik sold 4,451 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $178.40, for a total value of $794,058.40. Following the sale, the vice president now directly owns 2,192 shares of the company’s stock, valued at approximately $391,052.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pamela R. Butcher acquired 200 shares of Arch Resources stock in a transaction that occurred on Wednesday, March 13th. The stock was purchased at an average cost of $165.00 per share, for a total transaction of $33,000.00. Following the completion of the transaction, the director now directly owns 200 shares in the company, valued at $33,000. The disclosure for this purchase can be found here. In the last quarter, insiders sold 104,335 shares of company stock valued at $19,126,100. Insiders own 5.40% of the company’s stock.

About Arch Resources

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.