American Resources (AREC) Set to Announce Quarterly Earnings on Thursday

American Resources (NASDAQ:AREC) is scheduled to post its quarterly earnings results after the market closes on Thursday, November 14th. Analysts expect American Resources to post earnings of ($0.10) per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

American Resources (NASDAQ:AREC) last issued its earnings results on Monday, August 19th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.04). American Resources had a negative net margin of 332.74% and a negative return on equity of 978.72%. During the same quarter in the prior year, the business posted ($0.01) earnings per share. On average, analysts expect American Resources to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

American Resources Price Performance

AREC opened at $1.11 on Wednesday. The firm has a 50 day simple moving average of $0.85 and a 200 day simple moving average of $0.87. American Resources has a fifty-two week low of $0.41 and a fifty-two week high of $1.86. The company has a market cap of $85.94 million, a price-to-earnings ratio of -5.00 and a beta of 0.17.

Wall Street Analyst Weigh In

Separately, Roth Mkm cut their price target on American Resources from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Monday, September 30th.

American Resources Company Profile

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.