Arch Resources (NYSE:ARCH) Announces Earnings Results

Arch Resources (NYSE:ARCH - Get Free Report) posted its quarterly earnings results on Thursday. The energy company reported $2.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.79 by $0.19, Briefing.com reports. Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. The company had revenue of $680.19 million for the quarter, compared to the consensus estimate of $596.52 million. During the same period last year, the firm posted $10.02 EPS. The company's revenue for the quarter was down 21.8% on a year-over-year basis.

Arch Resources Price Performance

NYSE:ARCH traded down $1.01 during trading hours on Friday, hitting $164.42. The company's stock had a trading volume of 368,800 shares, compared to its average volume of 471,477. The stock has a fifty day simple moving average of $163.99 and a 200-day simple moving average of $163.60. The company has a market capitalization of $3.00 billion, a P/E ratio of 6.84 and a beta of 0.68. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.49 and a quick ratio of 1.83. Arch Resources has a twelve month low of $102.42 and a twelve month high of $187.60.

Arch Resources Cuts Dividend

The firm also recently disclosed a None dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a $1.11 dividend. This represents a yield of 0.6%. The ex-dividend date is Friday, May 31st. Arch Resources's dividend payout ratio (DPR) is presently 4.16%.

Insider Activity

In other news, Director James N. Chapman sold 2,005 shares of Arch Resources stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $184.08, for a total transaction of $369,080.40. Following the sale, the director now directly owns 1,219 shares of the company's stock, valued at $224,393.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Pamela R. Butcher bought 200 shares of the stock in a transaction dated Wednesday, March 13th. The shares were bought at an average cost of $165.00 per share, with a total value of $33,000.00. Following the completion of the transaction, the director now directly owns 200 shares of the company's stock, valued at $33,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James N. Chapman sold 2,005 shares of the company's stock in a transaction that occurred on Friday, March 8th. The stock was 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 in the company, valued at $224,393.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,335 shares of company stock valued at $19,126,100. 5.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Citigroup restated 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. StockNews.com downgraded shares of Arch Resources from a "buy" rating to a "hold" rating in a research note on Thursday, March 7th. Benchmark restated a "buy" rating and issued a $180.00 target price on shares of Arch Resources in a research note on Monday. BMO Capital Markets reaffirmed a "market perform" rating and issued a $165.00 price target (down from $180.00) on shares of Arch Resources in a report on Wednesday, April 10th. Finally, B. Riley lowered their price target on Arch Resources from $198.00 to $193.00 and set a "buy" rating for the company in a research note on Monday, April 15th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $177.00.

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.