B. Riley Research Analysts Reduce Earnings Estimates for Arch Resources, Inc. (NYSE:ARCH)

Arch Resources, Inc. (NYSE:ARCH) – Stock analysts at B. Riley dropped their Q3 2024 earnings per share estimates for shares of Arch Resources in a research note issued on Friday, April 26th. B. Riley analyst L. Pipes now forecasts that the energy company will earn $3.89 per share for the quarter, down from their previous estimate of $4.12. 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 $14.50 per share. B. Riley also issued estimates for Arch Resources’ FY2024 earnings at $11.96 EPS.

Other analysts have also issued reports about the stock. Citigroup reiterated a “neutral” rating and issued a $170.00 price target (down from $185.00) on shares of Arch Resources in a research note on Thursday, April 18th. Benchmark reaffirmed a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a research report on Monday, April 22nd. StockNews.com cut Arch Resources from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $165.00 price objective (down previously from $180.00) on shares of Arch Resources in a report on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Arch Resources currently has an average rating of “Hold” and an average target price of $177.00.

Arch Resources Price Performance

Shares of NYSE:ARCH opened at $164.42 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.83 and a current ratio of 2.64. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 9.67 and a beta of 0.68. The business has a 50-day simple moving average of $164.08 and a two-hundred day simple moving average of $163.72. Arch Resources has a fifty-two week low of $102.42 and a fifty-two week high of $187.60.

Arch Resources (NYSE:ARCH) last announced its quarterly earnings results on Thursday, April 25th. The energy company reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.79 by $0.19. Arch Resources had a return on equity of 22.32% and a net margin of 10.89%. The firm had revenue of $680.19 million for the quarter, compared to the consensus estimate of $596.52 million. During the same period in the prior year, the company posted $10.02 earnings per share. The company’s quarterly revenue was down 21.8% on a year-over-year basis.

Arch Resources Cuts Dividend

The firm also recently declared a None dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $1.11 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a yield of 0.6%. Arch Resources’s payout ratio is presently 5.88%.

Insider Transactions at Arch Resources

In related news, VP Paul T. Demzik sold 4,451 shares of Arch Resources stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $178.40, for a total transaction of $794,058.40. Following the transaction, the vice president now directly owns 2,192 shares in the company, valued at $391,052.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Arch Resources news, VP John A. Ziegler sold 148 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $172.33, for a total value of $25,504.84. Following the completion of the transaction, the vice president now directly owns 23,232 shares in the company, valued at $4,003,570.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Paul T. Demzik sold 4,451 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $178.40, for a total transaction of $794,058.40. Following the completion of the sale, the vice president now directly owns 2,192 shares of the company’s stock, valued at $391,052.80. The disclosure for this sale can be found here. Insiders have sold 104,335 shares of company stock worth $19,126,100 in the last 90 days. 5.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Covestor Ltd raised its holdings in Arch Resources by 61.4% during the third quarter. Covestor Ltd now owns 184 shares of the energy company’s stock valued at $31,000 after acquiring an additional 70 shares during the period. Newbridge Financial Services Group Inc. boosted its stake in shares of Arch Resources by 1,900.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 200 shares of the energy company’s stock worth $33,000 after acquiring an additional 190 shares during the period. Lindbrook Capital LLC grew its position in shares of Arch Resources by 99.0% during the first quarter. Lindbrook Capital LLC now owns 201 shares of the energy company’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in Arch Resources by 188.6% during the 4th quarter. Hexagon Capital Partners LLC now owns 202 shares of the energy company’s stock valued at $34,000 after purchasing an additional 132 shares during the period. Finally, CVA Family Office LLC bought a new stake in Arch Resources during the 4th quarter valued at approximately $38,000. Institutional investors own 88.14% 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.