Arch Resources, Inc. Expected to Post Q1 2024 Earnings of $2.79 Per Share (NYSE:ARCH)

Arch Resources, Inc. (NYSE:ARCH) – Equities researchers at B. Riley cut their Q1 2024 earnings per share estimates for Arch Resources in a research note issued to investors on Monday, April 15th. B. Riley analyst L. Pipes now anticipates that the energy company will post earnings per share of $2.79 for the quarter, down from their previous estimate of $4.06. B. Riley currently has a “Buy” rating and a $193.00 target price 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’ Q2 2024 earnings at $1.57 EPS and FY2024 earnings at $12.65 EPS.

Other equities analysts have also issued research reports about the company. BMO Capital Markets reiterated a “market perform” rating and issued a $165.00 target price (down previously from $180.00) on shares of Arch Resources in a research note on Wednesday, April 10th. StockNews.com lowered shares of Arch Resources from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Finally, 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 research report on Thursday, April 11th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Arch Resources currently has an average rating of “Moderate Buy” and a consensus target price of $180.75.

Arch Resources Trading Down 1.0 %

Shares of NYSE:ARCH opened at $164.31 on Wednesday. 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 current ratio of 2.49, a quick ratio of 1.83 and a debt-to-equity ratio of 0.07. Arch Resources has a 12-month low of $102.42 and a 12-month high of $187.60. The business’s fifty day simple moving average is $165.05 and its 200-day simple moving average is $163.32.

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

Arch Resources Announces Dividend

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

Insiders Place Their Bets

In related news, Director Pamela R. Butcher acquired 200 shares of the stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average cost of $165.00 per share, for a total transaction of $33,000.00. Following the completion of the purchase, the director now owns 200 shares of the company’s stock, valued at approximately $33,000. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Pamela R. Butcher acquired 200 shares of Arch Resources stock in a transaction dated Wednesday, March 13th. The stock was purchased at an average cost of $165.00 per share, for a total transaction of $33,000.00. Following the completion of the purchase, the director now directly owns 200 shares in the company, valued at approximately $33,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Matthew C. Giljum sold 199 shares of Arch Resources stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $169.64, for a total value of $33,758.36. Following the sale, the chief financial officer now directly owns 27,986 shares of the company’s stock, valued at approximately $4,747,545.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 106,043 shares of company stock valued at $19,442,080. Insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Arch Resources

Several institutional investors and hedge funds have recently modified their holdings of ARCH. Resurgent Financial Advisors LLC acquired a new stake in shares of Arch Resources during the 4th quarter valued at about $29,000. Covestor Ltd grew its holdings in Arch Resources by 61.4% in the third quarter. Covestor Ltd now owns 184 shares of the energy company’s stock valued at $31,000 after purchasing an additional 70 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Arch Resources in the second quarter valued at approximately $32,000. Newbridge Financial Services Group Inc. raised its stake in shares of Arch Resources by 1,900.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 200 shares of the energy company’s stock worth $33,000 after buying an additional 190 shares during the period. Finally, Hexagon Capital Partners LLC lifted its position in shares of Arch Resources by 188.6% during the 4th quarter. Hexagon Capital Partners LLC now owns 202 shares of the energy company’s stock valued at $34,000 after buying an additional 132 shares in the last quarter. Institutional investors and hedge funds own 88.14% of the company’s stock.

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.