American Resources (AREC) Set to Announce Earnings on Thursday

American Resources (NASDAQ:AREC) will issue its quarterly earnings data after the market closes on Thursday, November 14th. Analysts expect the company to announce earnings of ($0.10) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

American Resources (NASDAQ:AREC) last released its earnings results on Monday, August 19th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.04). American Resources had a negative net margin of 332.74% and a negative return on equity of 978.72%. During the same period in the previous year, the company posted ($0.01) earnings per share. On average, analysts expect American Resources to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

American Resources Stock Performance

NASDAQ AREC opened at $1.05 on Tuesday. The stock’s 50 day simple moving average is $0.84 and its 200-day simple moving average is $0.87. American Resources has a 1-year low of $0.41 and a 1-year high of $1.86.

Analysts Set New Price Targets

Separately, Roth Mkm decreased their target price on American Resources from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Monday, September 30th.

About American Resources

American Resources Corporation, together with its subsidiaries, extracts, processes, transports, and sells metallurgical coal to the steel and industrial industries. It supplies raw materials; and sells coal used in pulverized coal injections. The company was founded in 2006 and is headquartered in Fishers, Indiana.