Q3 2024 Earnings Estimate for Arch Resources, Inc. (NYSE:ARCH) Issued By B. Riley

Arch Resources, Inc. (NYSE:ARCH) – Research analysts at B. Riley dropped their Q3 2024 EPS estimates for Arch Resources in a report issued on Monday, April 15th. B. Riley analyst L. Pipes now forecasts that the energy company will post earnings of $4.12 per share for the quarter, down from their previous estimate of $4.56. 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 $19.22 per share. B. Riley also issued estimates for Arch Resources’ Q4 2024 earnings at $4.17 EPS.

Several other equities analysts have also commented on ARCH. Citigroup increased their target price on shares of Arch Resources from $160.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, April 11th. StockNews.com lowered Arch Resources from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $165.00 target price (down previously from $180.00) on shares of Arch Resources in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $180.75.

Arch Resources Trading Down 1.0 %

ARCH stock opened at $164.31 on Tuesday. The company has a market capitalization of $3.00 billion, a PE ratio of 6.83 and a beta of 0.68. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.83 and a current ratio of 2.49. Arch Resources has a one year low of $102.42 and a one year high of $187.60. The company’s 50 day moving average price is $165.05 and its two-hundred day moving average price is $163.32.

Arch Resources (NYSE:ARCH) last announced its quarterly earnings data on Thursday, February 15th. The energy company reported $6.07 EPS for the quarter, missing the consensus estimate of $6.90 by ($0.83). The firm had revenue of $774.00 million for the quarter, compared to the consensus estimate of $704.53 million. Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. Arch Resources’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same quarter last year, the company posted $23.18 earnings per share.

Institutional Trading of Arch Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Advisor Group Holdings Inc. lifted its position in Arch Resources by 2.9% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,371 shares of the energy company’s stock valued at $325,000 after acquiring an additional 67 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Arch Resources by 6.6% during the first quarter. Bank of New York Mellon Corp now owns 78,779 shares of the energy company’s stock valued at $10,823,000 after purchasing an additional 4,910 shares in the last quarter. MetLife Investment Management LLC increased its stake in shares of Arch Resources by 58.0% during the first quarter. MetLife Investment Management LLC now owns 8,190 shares of the energy company’s stock valued at $1,125,000 after purchasing an additional 3,007 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Arch Resources by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 519,483 shares of the energy company’s stock valued at $71,366,000 after purchasing an additional 14,434 shares during the last quarter. Finally, Ergoteles LLC bought a new stake in shares of Arch Resources in the 1st quarter worth approximately $619,000. 88.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Arch Resources

In other Arch Resources news, VP John A. Ziegler sold 148 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $172.33, for a total transaction of $25,504.84. Following the transaction, the vice president now directly owns 23,232 shares of the company’s stock, valued at approximately $4,003,570.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Arch Resources news, VP John A. Ziegler sold 148 shares of Arch Resources stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $172.33, for a total transaction of $25,504.84. Following the sale, the vice president now directly owns 23,232 shares of the company’s stock, valued at approximately $4,003,570.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman John W. Eaves sold 72,946 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $185.03, for a total value of $13,497,198.38. Following the completion of the transaction, the chairman now directly owns 136,725 shares of the company’s stock, valued at approximately $25,298,226.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,043 shares of company stock worth $19,442,080. 5.90% of the stock is currently owned by insiders.

Arch Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.61%. The ex-dividend date was Wednesday, February 28th. Arch Resources’s dividend payout ratio (DPR) is currently 4.16%.

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.