Arch Resources (ARCH) Scheduled to Post Quarterly Earnings on Thursday

Arch Resources (NYSE:ARCH) is scheduled to be announcing its earnings results before the market opens on Thursday, April 22nd. Analysts expect the company to announce earnings of ($0.79) per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Arch Resources (NYSE:ARCH) last released its quarterly earnings results on Monday, February 8th. The energy company reported ($2.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.91) by ($0.29). Arch Resources had a negative net margin of 16.58% and a negative return on equity of 19.45%. The business had revenue of $360.60 million for the quarter, compared to the consensus estimate of $330.93 million. During the same period in the previous year, the business posted $0.50 EPS. Arch Resources’s revenue was down 34.4% on a year-over-year basis. On average, analysts expect Arch Resources to post $-7 EPS for the current fiscal year and $4 EPS for the next fiscal year.

ARCH opened at $47.24 on Wednesday. Arch Resources has a twelve month low of $21.80 and a twelve month high of $58.88. The company has a quick ratio of 1.58, a current ratio of 2.12 and a debt-to-equity ratio of 1.01. The company has a fifty day moving average of $45.81 and a 200-day moving average of $42.84. The stock has a market cap of $723.58 million, a PE ratio of -2.60 and a beta of 1.14.

ARCH has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Arch Resources from a “strong sell” rating to a “hold” rating and set a $49.00 price objective for the company in a research note on Thursday, January 7th. Citigroup started coverage on shares of Arch Resources in a report on Friday, March 5th. They issued a “neutral” rating for the company. Finally, B. Riley upped their price target on shares of Arch Resources from $72.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, February 10th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $51.00.

In other Arch Resources news, Director Patrick J. Bartels, Jr. bought 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 12th. The stock was purchased at an average cost of $45.87 per share, with a total value of $137,610.00. Also, VP John A. Ziegler sold 538 shares of the firm’s stock in a transaction on Monday, March 1st. The shares were sold at an average price of $48.98, for a total transaction of $26,351.24. Following the completion of the transaction, the vice president now directly owns 23,491 shares of the company’s stock, valued at $1,150,589.18. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,422 shares of company stock valued at $69,650. 5.00% of the stock is currently owned by insiders.

About Arch Resources

Arch Resources, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2020, the company operated seven 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; 10,095 acres of coal land in Virginia; 306,253 acres of coal land in West Virginia; 81,470 acres of coal land in Wyoming; 234,437 acres of coal land in Illinois; 33,047 acres of coal land in Kentucky; 403 acres of coal land in Montana; 358 acres of coal land in Pennsylvania; and 19,146 acres of coal land in Colorado, as well as smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.

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Earnings History for Arch Resources (NYSE:ARCH)

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