Equities Analysts Set Expectations for AMR FY2024 Earnings

Alpha Metallurgical Resources, Inc. (NYSE:AMR) – Analysts at B. Riley boosted their FY2024 EPS estimates for Alpha Metallurgical Resources in a research note issued to investors on Monday, November 4th. B. Riley analyst L. Pipes now anticipates that the energy company will earn $18.02 per share for the year, up from their previous forecast of $17.89. B. Riley currently has a “Buy” rating and a $336.00 target price on the stock. The consensus estimate for Alpha Metallurgical Resources’ current full-year earnings is $17.89 per share. B. Riley also issued estimates for Alpha Metallurgical Resources’ Q4 2024 earnings at $3.64 EPS, Q1 2025 earnings at $6.70 EPS, Q2 2025 earnings at $11.42 EPS, Q3 2025 earnings at $11.40 EPS, Q4 2025 earnings at $11.25 EPS, FY2025 earnings at $40.77 EPS, Q1 2026 earnings at $10.11 EPS, Q2 2026 earnings at $10.11 EPS, Q3 2026 earnings at $10.51 EPS and FY2026 earnings at $40.97 EPS.

Separately, Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday.

Alpha Metallurgical Resources Stock Up 8.5 %

Alpha Metallurgical Resources stock opened at $241.88 on Wednesday. Alpha Metallurgical Resources has a 52-week low of $185.00 and a 52-week high of $452.00. The firm has a fifty day moving average of $216.45 and a 200-day moving average of $265.82. The firm has a market capitalization of $3.15 billion, a P/E ratio of 8.88 and a beta of 1.33.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings data on Friday, November 1st. The energy company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($1.31). Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The business had revenue of $671.90 million during the quarter, compared to analyst estimates of $672.95 million. During the same period in the previous year, the company earned $6.65 EPS. Alpha Metallurgical Resources’s revenue was down 9.4% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Federated Hermes Inc. purchased a new position in shares of Alpha Metallurgical Resources in the second quarter valued at $25,000. GAMMA Investing LLC boosted its stake in shares of Alpha Metallurgical Resources by 124.6% in the third quarter. GAMMA Investing LLC now owns 137 shares of the energy company’s stock valued at $32,000 after purchasing an additional 76 shares during the period. Harbor Capital Advisors Inc. purchased a new position in shares of Alpha Metallurgical Resources in the third quarter valued at $36,000. Sound Income Strategies LLC bought a new position in Alpha Metallurgical Resources during the 3rd quarter valued at $40,000. Finally, Headlands Technologies LLC acquired a new position in Alpha Metallurgical Resources during the 1st quarter worth $88,000. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Alpha Metallurgical Resources Company Profile

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.