Arch Resources (NYSE:ARCH) Releases Quarterly Earnings Results

Arch Resources (NYSE:ARCH – Get Rating) released its quarterly earnings results on Tuesday. The energy company reported $12.89 earnings per share for the quarter, missing the consensus estimate of $13.11 by ($0.22), MarketWatch Earnings reports. Arch Resources had a net margin of 15.29% and a return on equity of 85.21%. The business had revenue of $867.90 million during the quarter, compared to analysts’ expectations of $725.33 million. During the same period in the previous year, the business earned ($0.40) EPS. The business’s revenue was up 142.8% on a year-over-year basis.

ARCH stock opened at $158.83 on Wednesday. Arch Resources has a 1-year low of $44.20 and a 1-year high of $175.99. The business has a fifty day moving average price of $141.98 and a 200-day moving average price of $109.72. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.69 and a quick ratio of 1.39. The stock has a market capitalization of $2.46 billion, a P/E ratio of 8.78 and a beta of 0.83.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Monday, February 28th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend was Friday, February 25th. Arch Resources’s dividend payout ratio is currently 5.52%.

Several equities analysts have recently commented on the company. B. Riley increased their price objective on Arch Resources from $171.00 to $174.00 in a research report on Thursday, February 3rd. Zacks Investment Research lowered Arch Resources from a “hold” rating to a “sell” rating and set a $96.00 price objective on the stock. in a research report on Monday, January 24th. BMO Capital Markets raised their price target on Arch Resources from $115.00 to $140.00 in a research report on Wednesday, February 16th. Jefferies Financial Group raised their price target on Arch Resources from $130.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, March 9th. Finally, StockNews.com began coverage on Arch Resources in a research report on Thursday, March 31st. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $120.17.

In related news, VP Rosemary L. Klein sold 410 shares of Arch Resources stock in a transaction on Friday, February 25th. The stock was sold at an average price of $113.57, for a total value of $46,563.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John A. Ziegler sold 5,000 shares of Arch Resources stock in a transaction on Wednesday, March 9th. The stock was sold at an average price of $145.80, for a total value of $729,000.00. The disclosure for this sale can be found here. Insiders sold 13,994 shares of company stock valued at $2,060,495 in the last 90 days. Company insiders own 8.00% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. MML Investors Services LLC grew its holdings in Arch Resources by 5.1% during the fourth quarter. MML Investors Services LLC now owns 3,754 shares of the energy company’s stock valued at $343,000 after purchasing an additional 181 shares during the period. Schonfeld Strategic Advisors LLC grew its holdings in Arch Resources by 4.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 9,700 shares of the energy company’s stock valued at $885,000 after purchasing an additional 400 shares during the period. Bank of New York Mellon Corp grew its holdings in Arch Resources by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 52,942 shares of the energy company’s stock valued at $4,911,000 after purchasing an additional 500 shares during the period. LPL Financial LLC purchased a new position in shares of Arch Resources in the third quarter valued at about $204,000. Finally, Invesco Ltd. boosted its stake in shares of Arch Resources by 3.6% in the fourth quarter. Invesco Ltd. now owns 90,592 shares of the energy company’s stock worth $8,273,000 after acquiring an additional 3,110 shares during the period.

Arch Resources Company Profile (Get Rating)

Arch Resources, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2021, the company operated seven active mines. It also owned or controlled primarily through long-term leases approximately 28,292 acres of coal land in Ohio; 952 acres of coal land in Maryland; 10,095 acres of coal land in Virginia; 306,033 acres of coal land in West Virginia; 81,470 acres of coal land in Wyoming; 234,543 acres of coal land in Illinois; 33,047 acres of coal land in Kentucky; 362 acres of coal land in Montana; 248 acres of coal land in Pennsylvania; and 19,018 acres of coal land in Colorado, as well as smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.

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