ARQ (NASDAQ:ARQ) Announces Quarterly Earnings Results, Hits Estimates

Key Points

• ARQ reported earnings per share of ($0.01), meeting analysts' estimates, but recorded a negative return on equity of (0.71%) and a negative net margin of (1.30%).
• The company's stock saw a decline of 1.2%, trading down to $6.54 with a recent volume of 305,633 shares.
• Insiders have been active, with Director Jeremy Blank purchasing 50,000 shares for an average of $4.10 per share, indicating confidence in the company's future.

ARQ (NASDAQ:ARQ - Get Free Report) announced its quarterly earnings results on Monday. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.01), Zacks reports. The business had revenue of $28.58 million during the quarter, compared to the consensus estimate of $25.56 million. ARQ had a negative net margin of 1.40% and a negative return on equity of 0.07%.

ARQ Price Performance

NASDAQ ARQ traded down $0.12 during trading hours on Friday, reaching $7.25. The company's stock had a trading volume of 21,859 shares, compared to its average volume of 254,600. ARQ has a fifty-two week low of $3.34 and a fifty-two week high of $8.11. The stock has a market cap of $309.29 million, a PE ratio of -181.88 and a beta of 1.78. The company's 50-day moving average is $5.69 and its two-hundred day moving average is $5.02. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.62 and a current ratio of 1.10.

Wall Street Analysts Forecast Growth

ARQ has been the subject of a number of research analyst reports. Craig Hallum began coverage on shares of ARQ in a report on Tuesday, July 15th. They issued a "buy" rating and a $10.00 price target for the company. Fearnley Fonds raised shares of ARQ to a "strong-buy" rating in a research note on Friday, June 27th. Finally, Canaccord Genuity Group increased their price objective on shares of ARQ from $8.00 to $10.00 and gave the company a "buy" rating in a research note on Thursday, August 7th.

Insiders Place Their Bets

In other news, Director Richard Campbell-Breeden purchased 75,000 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were bought at an average cost of $4.10 per share, with a total value of $307,500.00. Following the purchase, the director directly owned 226,148 shares of the company's stock, valued at approximately $927,206.80. This trade represents a 49.62% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeremy Blank acquired 50,000 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were bought at an average price of $4.10 per share, for a total transaction of $205,000.00. Following the completion of the acquisition, the director owned 374,955 shares in the company, valued at approximately $1,537,315.50. This trade represents a 15.39% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 150,000 shares of company stock valued at $615,000 and have sold 10,167 shares valued at $52,868. 23.89% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its holdings in shares of ARQ by 13.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,739 shares of the company's stock worth $63,000 after acquiring an additional 1,413 shares during the period. Jane Street Group LLC purchased a new position in shares of ARQ during the 2nd quarter worth about $93,000. Rhumbline Advisers raised its holdings in ARQ by 65.7% in the second quarter. Rhumbline Advisers now owns 44,607 shares of the company's stock valued at $240,000 after buying an additional 17,688 shares during the period. American Century Companies Inc. raised its holdings in ARQ by 16.6% in the second quarter. American Century Companies Inc. now owns 61,364 shares of the company's stock valued at $330,000 after buying an additional 8,722 shares during the period. Finally, Geode Capital Management LLC raised its holdings in ARQ by 9.7% in the second quarter. Geode Capital Management LLC now owns 766,025 shares of the company's stock valued at $4,114,000 after buying an additional 67,430 shares during the period. 18.49% of the stock is currently owned by hedge funds and other institutional investors.

ARQ Company Profile

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.