Brokers Set Expectations for Arch Resources, Inc.'s Q3 2024 Earnings (NYSE:ARCH)

Arch Resources, Inc. (NYSE:ARCH - Free Report) - B. Riley dropped their Q3 2024 EPS estimates for shares of Arch Resources in a report released on Friday, April 26th. B. Riley analyst L. Pipes now expects that the energy company will post earnings of $3.89 per share for the quarter, down from their prior forecast of $4.12. B. Riley has a "Buy" rating and a $193.00 price objective on the stock. The consensus estimate for Arch Resources' current full-year earnings is $14.50 per share. B. Riley also issued estimates for Arch Resources' FY2024 earnings at $11.96 EPS.

A number of other research analysts have also commented on ARCH. Citigroup reissued a "neutral" rating and set a $170.00 price target (down from $185.00) on shares of Arch Resources in a report on Thursday, April 18th. BMO Capital Markets reissued a "market perform" rating and set a $165.00 target price (down previously from $180.00) on shares of Arch Resources in a research note on Wednesday, April 10th. Benchmark reaffirmed a "buy" rating and issued a $180.00 price target on shares of Arch Resources in a research note on Monday, April 22nd. Finally, StockNews.com lowered shares of Arch Resources from a "buy" rating to a "hold" rating in a research note on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $177.00.

Arch Resources Stock Performance

Arch Resources stock traded up $0.68 during mid-day trading on Monday, hitting $165.10. 316,051 shares of the company's stock traded hands, compared to its average volume of 469,595. The company has a quick ratio of 1.89, a current ratio of 2.64 and a debt-to-equity ratio of 0.07. Arch Resources has a one year low of $102.42 and a one year high of $187.60. The firm has a 50 day moving average price of $164.18 and a 200 day moving average price of $163.80. The company has a market cap of $2.99 billion, a PE ratio of 9.71 and a beta of 0.68.

Arch Resources (NYSE:ARCH - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The energy company reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.79 by $0.19. Arch Resources had a return on equity of 22.32% and a net margin of 10.89%. The business had revenue of $680.19 million during the quarter, compared to the consensus estimate of $596.52 million. During the same period in the previous year, the firm posted $10.02 earnings per share. The business's revenue was down 21.8% on a year-over-year basis.

Hedge Funds Weigh In On Arch Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its holdings in shares of Arch Resources by 1,196.2% in the third quarter. Victory Capital Management Inc. now owns 261,725 shares of the energy company's stock valued at $44,666,000 after purchasing an additional 241,534 shares in the last quarter. Vanguard Group Inc. lifted 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 worth $342,037,000 after acquiring an additional 219,094 shares in the last quarter. KGH Ltd acquired a new stake in Arch Resources during the 3rd quarter worth about $18,431,000. Principal Financial Group Inc. grew its stake in Arch Resources by 681.4% during the 1st quarter. Principal Financial Group Inc. now owns 108,929 shares of the energy company's stock valued at $17,515,000 after acquiring an additional 94,989 shares in the last quarter. Finally, Regal Partners Ltd purchased a new position in Arch Resources during the 3rd quarter valued at about $14,396,000. Institutional investors and hedge funds own 88.14% of the company's stock.

Insider Transactions at Arch Resources

In other Arch Resources news, CFO Matthew C. Giljum sold 199 shares of the company's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $169.64, for a total value of $33,758.36. Following the transaction, the chief financial officer now owns 27,986 shares of the company's stock, valued at $4,747,545.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director James N. Chapman sold 2,005 shares of Arch Resources stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $184.08, for a total value of $369,080.40. Following the transaction, the director now directly owns 1,219 shares of the company's stock, valued at $224,393.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Matthew C. Giljum sold 199 shares of the business's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $169.64, for a total transaction of $33,758.36. Following the sale, the chief financial officer now owns 27,986 shares in the company, valued at approximately $4,747,545.04. The disclosure for this sale can be found here. Insiders have sold 104,335 shares of company stock valued at $19,126,100 in the last quarter. Insiders own 5.90% of the company's stock.

Arch Resources Cuts Dividend

The firm also recently disclosed a None dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $1.11 per share. The ex-dividend date is Friday, May 31st. This represents a dividend yield of 0.6%. Arch Resources's dividend payout ratio (DPR) is 5.88%.

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.