Alpha Metallurgical Resources (NYSE:AMR) Releases Earnings Results, Misses Estimates By $1.54 EPS

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) posted its quarterly earnings results on Friday. The energy company reported ($2.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.06) by ($1.54), Zacks reports. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The business had revenue of $531.96 million during the quarter, compared to analyst estimates of $586.15 million. During the same period in the previous year, the business posted $9.59 EPS. The business's revenue for the quarter was down 38.4% compared to the same quarter last year.

Alpha Metallurgical Resources Stock Down 8.7 %

AMR stock opened at $113.13 on Friday. The firm has a market capitalization of $1.48 billion, a PE ratio of 4.15 and a beta of 0.72. Alpha Metallurgical Resources has a twelve month low of $100.00 and a twelve month high of $334.72. The stock's 50 day moving average is $124.35 and its 200-day moving average is $175.58.

Wall Street Analyst Weigh In

Separately, B. Riley reduced their price objective on shares of Alpha Metallurgical Resources from $272.00 to $183.00 and set a "buy" rating for the company in a report on Friday, April 11th.

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.

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