Arch Coal Forecasted to Earn Q4 2016 Earnings of $0.57 Per Share (ARCH)
Arch Coal (NASDAQ:ARCH) – Analysts at FBR & Co upped their Q4 2016 EPS estimates for Arch Coal in a research note issued on Thursday. FBR & Co analyst L. Pipes now anticipates that the brokerage will post earnings per share of $0.57 for the quarter, up from their prior forecast of ($0.35). FBR & Co has a “Outperform” rating and a $71.00 price objective on the stock. FBR & Co also issued estimates for Arch Coal’s FY2017 earnings at $0.80 EPS and FY2018 earnings at $0.85 EPS.
Separately, Stifel Nicolaus initiated coverage on Arch Coal in a research report on Monday, October 10th. They set a “buy” rating and a $81.00 price target on the stock.
Arch Coal (NASDAQ:ARCH) opened at 69.87 on Monday. Arch Coal has a 12 month low of $0.04 and a 12 month high of $71.20. The stock has a 50 day moving average of $19.05 and a 200-day moving average of $5.14.
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