Arch Resources, Inc. to Post Q1 2024 Earnings of $2.79 Per Share, B. Riley Forecasts (NYSE:ARCH)

Arch Resources, Inc. (NYSE:ARCH - Free Report) - Equities researchers at B. Riley decreased their Q1 2024 earnings estimates for shares of Arch Resources in a research report issued to clients and investors on Monday, April 15th. B. Riley analyst L. Pipes now forecasts that the energy company will post earnings per share of $2.79 for the quarter, down from their prior forecast of $4.06. B. Riley has a "Buy" rating and a $193.00 price target on the stock. The consensus estimate for Arch Resources' current full-year earnings is $19.22 per share. B. Riley also issued estimates for Arch Resources' Q2 2024 earnings at $1.57 EPS and FY2024 earnings at $12.65 EPS.

Arch Resources (NYSE:ARCH - Get Free Report) last released its earnings results on Thursday, February 15th. The energy company reported $6.07 earnings per share for the quarter, missing analysts' consensus estimates of $6.90 by ($0.83). The firm had revenue of $774.00 million for the quarter, compared to analyst estimates of $704.53 million. Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. The business's revenue for the quarter was down 9.9% compared to the same quarter last year. During the same period in the prior year, the company posted $23.18 EPS.

Several other analysts also recently commented on the stock. BMO Capital Markets reaffirmed a "market perform" rating and set a $165.00 price objective (down previously from $180.00) on shares of Arch Resources in a research report on Wednesday, April 10th. Citigroup raised their price objective on shares of Arch Resources from $160.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, April 11th. Finally, StockNews.com downgraded shares of Arch Resources from a "buy" rating to a "hold" rating in a research report on Thursday, March 7th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Arch Resources presently has a consensus rating of "Moderate Buy" and an average price target of $180.75.

Arch Resources Trading Down 1.0 %

Shares of ARCH stock traded down $1.61 during trading hours on Wednesday, hitting $164.31. 374,339 shares of the company were exchanged, compared to its average volume of 479,467. The firm has a market cap of $3.00 billion, a P/E ratio of 6.83 and a beta of 0.68. Arch Resources has a fifty-two week low of $102.42 and a fifty-two week high of $187.60. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.83 and a current ratio of 2.49. The company has a 50 day simple moving average of $165.05 and a two-hundred day simple moving average of $163.32.

Arch Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Wednesday, February 28th. Arch Resources's dividend payout ratio (DPR) is presently 4.16%.

Insider Buying and Selling at Arch Resources

In other Arch Resources news, CFO Matthew C. Giljum sold 199 shares of the firm's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $169.64, for a total transaction of $33,758.36. Following the transaction, the chief financial officer now directly owns 27,986 shares in the company, valued at approximately $4,747,545.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Arch Resources news, CFO Matthew C. Giljum sold 199 shares of the firm's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $169.64, for a total transaction of $33,758.36. Following the transaction, the chief financial officer now directly owns 27,986 shares in the company, valued at approximately $4,747,545.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Matthew C. Giljum sold 2,380 shares of Arch Resources stock in a transaction on Monday, February 26th. The stock was sold at an average price of $169.48, for a total value of $403,362.40. Following the sale, the chief financial officer now owns 39,235 shares in the company, valued at $6,649,547.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,043 shares of company stock worth $19,442,080. Corporate insiders own 5.90% of the company's stock.

Institutional Investors Weigh In On Arch Resources

A number of hedge funds have recently made changes to their positions in the business. Newbridge Financial Services Group Inc. raised its stake in shares of Arch Resources by 1,900.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 200 shares of the energy company's stock worth $33,000 after purchasing an additional 190 shares during the period. Quadrature Capital Ltd bought a new stake in Arch Resources in the 4th quarter valued at about $352,000. Vanguard Group Inc. raised its stake in Arch Resources by 11.9% in the 4th quarter. Vanguard Group Inc. now owns 2,061,209 shares of the energy company's stock valued at $342,037,000 after acquiring an additional 219,094 shares during the period. ICA Group Wealth Management LLC bought a new stake in Arch Resources in the 4th quarter valued at about $53,000. Finally, Goldman Sachs Group Inc. raised its stake in Arch Resources by 9.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 182,870 shares of the energy company's stock valued at $30,345,000 after acquiring an additional 16,273 shares during the period. 88.14% of the stock is currently owned by institutional investors.

Arch Resources Company Profile

Arch Resources, Inc engages in the production and sale of metallurgical products. It operates in two segments, Metallurgical and Thermal. The company operates active mines. It owned or controlled primarily through long-term leases of coal land in Ohio, Maryland, Virginia, West Virginia, Wyoming, Kentucky, Montana, Pennsylvania, Colorado, and Illinois; and smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.