Alpha Metallurgical Resources (AMR) to Release Earnings on Monday

Alpha Metallurgical Resources (NYSE:AMR) is set to issue its quarterly earnings data before the market opens on Monday, May 6th. Analysts expect the company to announce earnings of $8.58 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Alpha Metallurgical Resources (NYSE:AMR) last announced its earnings results on Monday, February 26th. The energy company reported $12.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.78 by $4.10. The firm had revenue of $959.90 million during the quarter, compared to analysts’ expectations of $796.65 million. Alpha Metallurgical Resources had a return on equity of 46.22% and a net margin of 20.80%. The company’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $13.37 earnings per share. On average, analysts expect Alpha Metallurgical Resources to post $30 EPS for the current fiscal year and $36 EPS for the next fiscal year.

Alpha Metallurgical Resources Stock Up 0.8 %

Shares of Alpha Metallurgical Resources stock opened at $343.90 on Monday. The stock has a market capitalization of $4.47 billion, a P/E ratio of 7.06 and a beta of 1.35. The stock has a 50 day moving average price of $342.45 and a two-hundred day moving average price of $320.74. Alpha Metallurgical Resources has a 12-month low of $132.72 and a 12-month high of $452.00.

Wall Street Analyst Weigh In

Separately, B. Riley decreased their target price on Alpha Metallurgical Resources from $381.00 to $374.00 and set a “buy” rating for the company in a research report on Monday, April 15th.

Insiders Place Their Bets

In other news, Director David J. Stetson sold 4,502 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $388.26, for a total value of $1,747,946.52. Following the completion of the sale, the director now directly owns 20,104 shares of the company’s stock, valued at $7,805,579.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director David J. Stetson sold 4,502 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $388.26, for a total value of $1,747,946.52. Following the completion of the sale, the director now directly owns 20,104 shares of the company’s stock, valued at $7,805,579.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kenneth S. Courtis sold 22,802 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $302.81, for a total value of $6,904,673.62. Following the completion of the sale, the director now directly owns 638,234 shares of the company’s stock, valued at $193,263,637.54. The disclosure for this sale can be found here. Insiders sold 153,971 shares of company stock valued at $55,479,986 over the last 90 days. 15.00% of the stock is currently owned by company insiders.

About Alpha Metallurgical Resources

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.