Alpha Metallurgical Resources (AMR) Set to Announce Quarterly Earnings on Monday

Alpha Metallurgical Resources (NYSE:AMR) is set to issue its quarterly earnings data before the market opens on Monday, May 6th. Analysts expect the company to announce earnings of $8.58 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Alpha Metallurgical Resources (NYSE:AMR) last posted its earnings results on Monday, February 26th. The energy company reported $12.88 earnings per share for the quarter, beating the consensus estimate of $8.78 by $4.10. The firm had revenue of $959.90 million during the quarter, compared to the consensus estimate of $796.65 million. Alpha Metallurgical Resources had a net margin of 20.80% and a return on equity of 46.22%. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period last year, the firm posted $13.37 EPS. On average, analysts expect Alpha Metallurgical Resources to post $30 EPS for the current fiscal year and $36 EPS for the next fiscal year.

Alpha Metallurgical Resources Price Performance

AMR stock opened at $333.43 on Friday. Alpha Metallurgical Resources has a 12 month low of $132.72 and a 12 month high of $452.00. The firm has a market capitalization of $4.34 billion, a PE ratio of 6.85 and a beta of 1.38. The company’s 50 day simple moving average is $337.63 and its 200-day simple moving average is $323.06.

Analyst Upgrades and Downgrades

Separately, B. Riley dropped their price target on Alpha Metallurgical Resources from $381.00 to $374.00 and set a “buy” rating for the company in a research report on Monday, April 15th.

Insider Activity

In other news, insider Daniel E. Horn sold 100 shares of Alpha Metallurgical Resources stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $360.29, for a total value of $36,029.00. Following the completion of the sale, the insider now owns 6,462 shares of the company’s stock, valued at $2,328,193.98. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Daniel E. Horn sold 100 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $360.29, for a total transaction of $36,029.00. Following the transaction, the insider now directly owns 6,462 shares in the company, valued at approximately $2,328,193.98. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David J. Stetson sold 30,694 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $392.30, for a total transaction of $12,041,256.20. Following the completion of the sale, the director now directly owns 26,054 shares in the company, valued at $10,220,984.20. The disclosure for this sale can be found here. Insiders sold a total of 153,971 shares of company stock valued at $55,479,986 over the last 90 days. Insiders own 15.00% of the company’s stock.

Alpha Metallurgical Resources Company Profile

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.