Alpha Metallurgical Resources (AMR) Scheduled to Post Quarterly Earnings on Monday

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) will be posting its quarterly earnings results before the market opens on Monday, May 6th. Analysts expect Alpha Metallurgical Resources to post earnings of $8.58 per share for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its quarterly earnings data on Monday, February 26th. The energy company reported $12.88 earnings per share for the quarter, topping analysts' consensus estimates of $8.78 by $4.10. The business had revenue of $959.90 million for the quarter, compared to analysts' expectations of $796.65 million. Alpha Metallurgical Resources had a net margin of 20.80% and a return on equity of 46.22%. The business's revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $13.37 earnings per share. On average, analysts expect Alpha Metallurgical Resources to post $30 EPS for the current fiscal year and $36 EPS for the next fiscal year.

Alpha Metallurgical Resources Trading Down 0.5 %

AMR traded down $1.73 during midday trading on Monday, reaching $342.17. The company's stock had a trading volume of 153,156 shares, compared to its average volume of 241,678. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 7.02 and a beta of 1.35. Alpha Metallurgical Resources has a 1 year low of $132.72 and a 1 year high of $452.00. The stock's 50-day moving average is $342.45 and its 200-day moving average is $320.74.

Insider Transactions at Alpha Metallurgical Resources

In other news, Director Kenneth S. Courtis sold 22,802 shares of the company's stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $302.81, for a total value of $6,904,673.62. Following the transaction, the director now owns 638,234 shares in the company, valued at $193,263,637.54. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Kenneth S. Courtis sold 22,802 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $302.81, for a total transaction of $6,904,673.62. Following the transaction, the director now owns 638,234 shares in the company, valued at $193,263,637.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Charles Andrew Eidson sold 30,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $363.06, for a total transaction of $10,891,800.00. Following the transaction, the chief executive officer now owns 50,025 shares in the company, valued at approximately $18,162,076.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 153,971 shares of company stock worth $55,479,986. Corporate insiders own 15.00% of the company's stock.

Wall Street Analyst Weigh In

Separately, B. Riley cut their price objective on shares of Alpha Metallurgical Resources from $381.00 to $374.00 and set a "buy" rating on the stock in a report on Monday, April 15th.

About Alpha Metallurgical Resources

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.