ARQ (NASDAQ:ARQ) Announces Earnings Results

Key Points

• ARQ reported ($0.02) EPS, matching consensus, with revenue of $29.05M beating the $27.75M estimate, but the company still posted a negative net margin of 43.72% and a negative ROE of 1.99%.
• Shares traded down to $2.31 (mid-day) with a market cap of about $99M, trading below its 50-day average ($2.49) and well under its 1‑year high of $7.89.
• Analyst sentiment is mixed but averages to a “Moderate Buy” with an average price target of $7.50; recent notes include Canaccord cutting its target to $5 while Weiss maintains a sell rating.

ARQ (NASDAQ:ARQ - Get Free Report) issued its earnings results on Wednesday. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02), FiscalAI reports. ARQ had a negative net margin of 43.72% and a negative return on equity of 1.99%. The business had revenue of $29.05 million during the quarter, compared to analysts' expectations of $27.75 million.

ARQ Stock Performance

Shares of ARQ traded down $0.06 during mid-day trading on Wednesday, hitting $2.31. 544,010 shares of the company traded hands, compared to its average volume of 685,441. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.66 and a current ratio of 1.04. The stock has a 50-day moving average price of $2.49 and a two-hundred day moving average price of $3.53. ARQ has a 1 year low of $1.54 and a 1 year high of $7.89. The stock has a market cap of $99.05 million, a price-to-earnings ratio of -1.82 and a beta of 1.92.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Canaccord Genuity Group reduced their price target on shares of ARQ from $7.50 to $5.00 and set a "buy" rating for the company in a research report on Wednesday, March 11th. Weiss Ratings reiterated a "sell (d-)" rating on shares of ARQ in a research note on Monday, April 20th. Finally, Zacks Research raised ARQ from a "strong sell" rating to a "hold" rating in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, ARQ presently has an average rating of "Moderate Buy" and an average price target of $7.50.

Institutional Investors Weigh In On ARQ

Large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its holdings in shares of ARQ by 7.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 919,640 shares of the company's stock valued at $3,007,000 after buying an additional 62,988 shares during the period. Geode Capital Management LLC grew its holdings in shares of ARQ by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 778,142 shares of the company's stock worth $2,545,000 after acquiring an additional 3,505 shares during the period. State Street Corp increased its position in ARQ by 1.0% during the fourth quarter. State Street Corp now owns 561,888 shares of the company's stock valued at $1,837,000 after acquiring an additional 5,413 shares during the last quarter. Franklin Resources Inc. bought a new position in ARQ in the third quarter valued at about $4,015,000. Finally, Marshall Wace LLP bought a new position in ARQ in the fourth quarter valued at about $1,453,000. Institutional investors own 18.49% of the company's stock.

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. The Advanced Purification Technologies segment refers to the sale of Activated Carbon Injection and Dry Sorbent Injection equipment systems, chemical sales, consulting services, and other sales related to the reduction of emissions in the coal-fired electric generation process and the electric utility industry.

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