ARQ (NASDAQ:ARQ) Issues Earnings Results, Misses Expectations By $0.01 EPS

Key Points

• ARQ reported a quarterly loss of $0.02 per share, missing analysts’ estimate of a $0.01 loss by $0.01. Revenue reached $29.88 million, exceeding expectations of $28.57 million.
• Shares fell to $2.07, near the lower end of their 52-week range of $1.54 to $7.89. The company reported a negative net margin of 43.93% and a negative return on equity of 2.67%.
• Analyst sentiment remains mixed, with one Buy, one Hold, and one Sell rating; the consensus rating is Hold with an average price target of $5.00. Institutional investors own 18.49% of ARQ.

ARQ (NASDAQ:ARQ - Get Free Report) released its quarterly earnings data on Monday. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01), FiscalAI reports. The business had revenue of $29.88 million for the quarter, compared to analysts' expectations of $28.57 million. ARQ had a negative net margin of 43.93% and a negative return on equity of 2.67%.

ARQ Price Performance

Shares of NASDAQ ARQ traded down $0.01 during trading hours on Monday, reaching $2.07. 258,183 shares of the stock traded hands, compared to its average volume of 531,690. The company's 50-day simple moving average is $2.34 and its two-hundred day simple moving average is $2.65. The company has a market capitalization of $88.87 million, a P/E ratio of -1.60 and a beta of 2.02. ARQ has a 52-week low of $1.54 and a 52-week high of $7.89. The company has a quick ratio of 0.58, a current ratio of 1.02 and a debt-to-equity ratio of 0.05.

Analyst Upgrades and Downgrades

ARQ has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of ARQ from a "strong sell" rating to a "hold" rating in a research note on Saturday, May 9th. Weiss Ratings restated a "sell (d-)" rating on shares of ARQ in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $5.00.

Hedge Funds Weigh In On ARQ

Institutional investors and hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. purchased a new stake in ARQ during the third quarter valued at about $4,015,000. Marshall Wace LLP purchased a new position in ARQ in the 4th quarter worth approximately $1,453,000. Renaissance Technologies LLC lifted its position in ARQ by 485.8% in the fourth quarter. Renaissance Technologies LLC now owns 412,299 shares of the company's stock valued at $1,348,000 after purchasing an additional 341,918 shares during the last quarter. AQR Capital Management LLC purchased a new stake in shares of ARQ during the fourth quarter valued at approximately $980,000. Finally, UBS Group AG increased its stake in shares of ARQ by 606.8% in the third quarter. UBS Group AG now owns 167,283 shares of the company's stock worth $1,198,000 after buying an additional 143,615 shares during the period. Institutional investors own 18.49% of the company's stock.

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. 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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