ARQ (ARQ) Expected to Announce Quarterly Earnings on Wednesday

ARQ (NASDAQ:ARQ - Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Wednesday, May 7th. Analysts expect ARQ to post earnings of ($0.03) per share and revenue of $26.90 million for the quarter.

ARQ (NASDAQ:ARQ - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported ($0.03) EPS for the quarter, meeting analysts' consensus estimates of ($0.03). The firm had revenue of $27.04 million for the quarter, compared to analyst estimates of $28.34 million. ARQ had a negative return on equity of 0.25% and a negative net margin of 0.44%. During the same period last year, the company earned $0.14 EPS. On average, analysts expect ARQ to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ARQ Trading Down 0.9 %

Shares of ARQ stock traded down $0.04 on Monday, reaching $4.19. 101,694 shares of the stock were exchanged, compared to its average volume of 257,141. The stock has a 50 day moving average price of $4.24 and a 200 day moving average price of $5.79. The stock has a market cap of $176.88 million, a PE ratio of -419.00 and a beta of 1.51. ARQ has a one year low of $3.34 and a one year high of $8.17. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.89 and a quick ratio of 2.28.

Insider Buying and Selling at ARQ

In other news, CTO Joseph M. Wong sold 6,596 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $4.68, for a total transaction of $30,869.28. Following the completion of the transaction, the chief technology officer now directly owns 354,790 shares in the company, valued at approximately $1,660,417.20. The trade was a 1.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders sold 20,588 shares of company stock worth $96,352. Insiders own 26.87% of the company's stock.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group cut their target price on shares of ARQ from $10.00 to $9.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th.

About ARQ

Arq, Inc is a holding company. It engages in the provision of environmental and emission control equipment to the power generation industry. The company operates through the following Segments: Refined Coal and Advanced Purification Technologies. The Refined Coal segment includes the Tinuum Group, Tinuum Services, and GWN Manager.