Research Analysts Set Expectations for Arch Resources, Inc.’s Q1 2024 Earnings (NYSE:ARCH)

Arch Resources, Inc. (NYSE:ARCH) – B. Riley dropped their Q1 2024 earnings estimates for Arch Resources in a research note issued to investors on Monday, April 15th. B. Riley analyst L. Pipes now anticipates that the energy company will post earnings of $2.79 per share for the quarter, down from their prior estimate of $4.06. B. Riley has a “Buy” rating and a $193.00 price objective 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 the consensus estimate of $6.90 by ($0.83). The company had revenue of $774.00 million for the quarter, compared to analyst estimates of $704.53 million. Arch Resources had a return on equity of 32.20% and a net margin of 14.75%. The company’s revenue for the quarter was down 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $23.18 earnings per share.

ARCH has been the subject of several other research reports. BMO Capital Markets reissued a “market perform” rating and issued a $165.00 target price (down previously from $180.00) on shares of Arch Resources in a research note on Wednesday, April 10th. Citigroup boosted their price objective on shares of Arch Resources from $160.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Finally, StockNews.com lowered shares of Arch Resources from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Arch Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.75.

Arch Resources Stock Down 1.0 %

Shares of NYSE:ARCH opened at $164.31 on Wednesday. The company has a quick ratio of 1.83, a current ratio of 2.49 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $3.00 billion, a P/E ratio of 6.83 and a beta of 0.68. Arch Resources has a 52-week low of $102.42 and a 52-week high of $187.60. The stock’s fifty day simple moving average is $165.05 and its 200-day simple moving average is $163.32.

Hedge Funds Weigh In On Arch Resources

Institutional investors have recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. boosted its stake in shares of Arch Resources by 1,900.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 200 shares of the energy company’s stock valued at $33,000 after buying an additional 190 shares during the last quarter. Quadrature Capital Ltd bought a new position in Arch Resources during the 4th quarter valued at $352,000. Vanguard Group Inc. grew its holdings in Arch Resources by 11.9% during the 4th quarter. Vanguard Group Inc. now owns 2,061,209 shares of the energy company’s stock worth $342,037,000 after acquiring an additional 219,094 shares in the last quarter. ICA Group Wealth Management LLC bought a new stake in shares of Arch Resources in the 4th quarter worth about $53,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Arch Resources by 9.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 182,870 shares of the energy company’s stock worth $30,345,000 after purchasing an additional 16,273 shares during the last quarter. Institutional investors and hedge funds own 88.14% of the company’s stock.

Insider Buying and Selling at Arch Resources

In related news, VP Rosemary L. Klein sold 1,708 shares of the company’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $185.00, for a total transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, VP John A. Ziegler sold 148 shares of Arch Resources stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $172.33, for a total transaction of $25,504.84. Following the sale, the vice president now owns 23,232 shares in the company, valued at $4,003,570.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Rosemary L. Klein sold 1,708 shares of the company’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $185.00, for a total transaction of $315,980.00. Following the completion of the transaction, the vice president now owns 6,449 shares of the company’s stock, valued at $1,193,065. The disclosure for this sale can be found here. Insiders have sold a total of 106,043 shares of company stock valued at $19,442,080 over the last ninety days. Corporate insiders own 5.90% of the company’s stock.

Arch Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors 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 annualized dividend and a yield of 0.61%. Arch Resources’s payout ratio is 4.16%.

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.