Arch Coal Inc (NYSE:ARCH) – Research analysts at Jefferies Financial Group boosted their FY2019 earnings per share estimates for Arch Coal in a report issued on Tuesday, July 9th. Jefferies Financial Group analyst C. Lafemina now anticipates that the energy company will post earnings per share of $19.13 for the year, up from their prior estimate of $18.73. Jefferies Financial Group also issued estimates for Arch Coal’s FY2020 earnings at $16.00 EPS, FY2021 earnings at $13.79 EPS and FY2022 earnings at $19.16 EPS.
Arch Coal (NYSE:ARCH) last announced its quarterly earnings data on Tuesday, April 23rd. The energy company reported $3.91 EPS for the quarter, beating the Zacks’ consensus estimate of $2.53 by $1.38. The firm had revenue of $555.18 million for the quarter, compared to analyst estimates of $572.79 million. Arch Coal had a return on equity of 47.43% and a net margin of 13.38%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company earned $2.74 EPS.
Shares of ARCH opened at $90.22 on Thursday. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 5.96 and a beta of 0.30. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.80 and a quick ratio of 2.31. The company has a fifty day moving average price of $90.10. Arch Coal has a 52 week low of $75.52 and a 52 week high of $101.92.
Several large investors have recently bought and sold shares of the company. Hancock Whitney Corp acquired a new stake in Arch Coal during the 1st quarter worth $1,755,000. Citigroup Inc. raised its stake in Arch Coal by 22.5% during the 4th quarter. Citigroup Inc. now owns 19,263 shares of the energy company’s stock worth $1,599,000 after buying an additional 3,540 shares during the period. Legal & General Group Plc raised its stake in Arch Coal by 7.4% during the 4th quarter. Legal & General Group Plc now owns 6,846 shares of the energy company’s stock worth $569,000 after buying an additional 473 shares during the period. Hartree Partners LP acquired a new stake in Arch Coal during the 1st quarter worth $4,107,000. Finally, Millennium Management LLC raised its stake in Arch Coal by 47.4% during the 4th quarter. Millennium Management LLC now owns 261,492 shares of the energy company’s stock worth $21,701,000 after buying an additional 84,108 shares during the period.
The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $1.80 annualized dividend and a dividend yield of 2.00%. Arch Coal’s dividend payout ratio is currently 11.88%.
Arch Coal Company Profile
Arch Coal, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2018, the company operated nine active mines. It also owned or controlled primarily through long-term leases approximately 28,292 acres of coal land in Ohio; 1,060 acres of coal land in Maryland; 10,195 acres of coal land in Virginia; 359,122 acres of coal land in West Virginia; 81,868 acres of coal land in Wyoming; 268,802 acres of coal land in Illinois; 33,527 acres of coal land in Kentucky; 9,840 acres of coal land in Montana; 21,802 acres of coal land in New Mexico; 358 acres of coal land in Pennsylvania; and 19,146 acres of coal land in Colorado, as well as owned or controlled through long-term leases smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.
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