Q1 2024 EPS Estimates for American Resources Co. (NASDAQ:AREC) Decreased by Analyst

American Resources Co. (NASDAQ:AREC) – Equities research analysts at Roth Capital lowered their Q1 2024 earnings per share (EPS) estimates for shares of American Resources in a research note issued to investors on Thursday, April 25th. Roth Capital analyst M. Niehuser now anticipates that the company will post earnings of ($0.06) per share for the quarter, down from their prior estimate of ($0.03). The consensus estimate for American Resources’ current full-year earnings is ($0.09) per share. Roth Capital also issued estimates for American Resources’ Q2 2024 earnings at ($0.04) EPS, Q4 2024 earnings at $0.03 EPS and FY2024 earnings at ($0.09) EPS.

American Resources (NASDAQ:AREC) last released its quarterly earnings results on Thursday, March 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.10). American Resources had a negative net margin of 66.89% and a negative return on equity of 135.75%. The company had revenue of $0.07 million for the quarter, compared to analyst estimates of $2.20 million.

American Resources Price Performance

American Resources stock opened at $1.55 on Monday. American Resources has a 52 week low of $1.04 and a 52 week high of $2.16. The company’s 50 day moving average price is $1.46 and its two-hundred day moving average price is $1.48. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 230.66. The stock has a market cap of $122.73 million, a P/E ratio of -11.07 and a beta of 0.39.

Hedge Funds Weigh In On American Resources

A hedge fund recently bought a new stake in American Resources stock. Jump Financial LLC bought a new position in shares of American Resources Co. (NASDAQ:AREC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 20,800 shares of the company’s stock, valued at approximately $35,000. Hedge funds and other institutional investors own 9.32% of the company’s stock.

About American Resources

American Resources Corporation, together with its subsidiaries, extracts, processes, transports, and sells metallurgical coal to the steel and industrial industries. It supplies raw materials; and sells coal used in pulverized coal injections. The company was founded in 2006 and is headquartered in Fishers, Indiana.