Arch Coal Inc (NYSE:ARCH) Expected to Post Quarterly Sales of $622.72 Million

Analysts forecast that Arch Coal Inc (NYSE:ARCH) will report $622.72 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Arch Coal’s earnings, with estimates ranging from $556.00 million to $648.30 million. Arch Coal reported sales of $633.18 million in the same quarter last year, which indicates a negative year-over-year growth rate of 1.7%. The company is scheduled to announce its next earnings report on Tuesday, October 22nd.

On average, analysts expect that Arch Coal will report full year sales of $2.35 billion for the current fiscal year, with estimates ranging from $2.23 billion to $2.43 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $2.26 billion, with estimates ranging from $2.02 billion to $2.48 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Arch Coal.

Arch Coal (NYSE:ARCH) last posted its earnings results on Wednesday, July 24th. The energy company reported $3.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.23 by $0.30. The firm had revenue of $570.22 million during the quarter, compared to the consensus estimate of $558.75 million. Arch Coal had a net margin of 14.31% and a return on equity of 48.65%. The company’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.06 EPS.



A number of equities analysts have weighed in on ARCH shares. TheStreet cut Arch Coal from a “b” rating to a “c+” rating in a report on Wednesday, May 29th. Zacks Investment Research cut Arch Coal from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Jefferies Financial Group cut Arch Coal from a “buy” rating to a “hold” rating and decreased their price target for the stock from $115.00 to $80.00 in a report on Tuesday, August 6th. ValuEngine cut Arch Coal from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Finally, BMO Capital Markets upped their price target on Arch Coal to $115.00 and gave the stock a “market perform” rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $108.17.

In other Arch Coal news, Director Holly K. Koeppel bought 2,200 shares of Arch Coal stock in a transaction dated Thursday, August 1st. The stock was bought at an average cost of $89.02 per share, for a total transaction of $195,844.00. Following the purchase, the director now owns 2,200 shares in the company, valued at approximately $195,844. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.63% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in ARCH. Invesco Ltd. boosted its stake in shares of Arch Coal by 2,710.1% during the 2nd quarter. Invesco Ltd. now owns 3,325,897 shares of the energy company’s stock valued at $313,333,000 after buying an additional 3,207,540 shares during the last quarter. LSV Asset Management lifted its stake in Arch Coal by 411.6% during the first quarter. LSV Asset Management now owns 484,622 shares of the energy company’s stock worth $44,231,000 after purchasing an additional 389,902 shares during the last quarter. Packer & Co Ltd lifted its stake in Arch Coal by 59.4% during the second quarter. Packer & Co Ltd now owns 963,346 shares of the energy company’s stock worth $54,703,000 after purchasing an additional 358,846 shares during the last quarter. Nuveen Asset Management LLC bought a new position in Arch Coal during the second quarter worth $23,482,000. Finally, JPMorgan Chase & Co. lifted its stake in Arch Coal by 18.8% during the first quarter. JPMorgan Chase & Co. now owns 527,555 shares of the energy company’s stock worth $48,151,000 after purchasing an additional 83,590 shares during the last quarter.

NYSE ARCH traded up $1.44 on Friday, reaching $76.82. The company had a trading volume of 190,394 shares, compared to its average volume of 251,215. The firm has a market capitalization of $1.26 billion, a PE ratio of 5.07 and a beta of 0.30. Arch Coal has a 1 year low of $73.84 and a 1 year high of $101.92. The firm has a 50-day moving average of $86.16 and a 200-day moving average of $89.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.67 and a quick ratio of 2.12.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Thursday, August 29th. Arch Coal’s dividend payout ratio is presently 11.88%.

About Arch Coal

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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Earnings History and Estimates for Arch Coal (NYSE:ARCH)

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