Arch Resources (ARCH) Set to Announce Quarterly Earnings on Thursday

Arch Resources (NYSE:ARCH - Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $2.79 per share for the quarter. Parties interested in listening to the company's conference call can do so using this link.

Arch Resources (NYSE:ARCH - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The energy company reported $6.07 EPS for the quarter, missing analysts' consensus estimates of $6.90 by ($0.83). The company 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 firm's quarterly revenue was down 9.9% on a year-over-year basis. During the same period in the prior year, the company posted $23.18 EPS. On average, analysts expect Arch Resources to post $17 EPS for the current fiscal year and $21 EPS for the next fiscal year.

Arch Resources Price Performance

NYSE ARCH traded down $1.64 on Thursday, reaching $162.66. The company's stock had a trading volume of 357,717 shares, compared to its average volume of 477,844. Arch Resources has a 52 week low of $102.42 and a 52 week high of $187.60. The company has a current ratio of 2.49, a quick ratio of 1.83 and a debt-to-equity ratio of 0.07. The firm has a market cap of $2.97 billion, a PE ratio of 6.77 and a beta of 0.68. The business has a 50-day moving average price of $164.88 and a 200 day moving average price of $163.32.

Arch Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a $0.25 dividend. 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 Transactions at Arch Resources

In other news, Chairman John W. Eaves sold 72,946 shares of the firm's stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $185.03, for a total transaction of $13,497,198.38. Following the completion of the sale, the chairman now owns 136,725 shares of the company's stock, valued at $25,298,226.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, VP John A. Ziegler sold 148 shares of the firm's stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $172.33, for a total value of $25,504.84. Following the completion of the sale, the vice president now owns 23,232 shares of the company's stock, valued at $4,003,570.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman John W. Eaves sold 72,946 shares of the firm's stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $185.03, for a total transaction of $13,497,198.38. Following the completion of the sale, the chairman now directly owns 136,725 shares of the company's stock, valued at approximately $25,298,226.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 106,043 shares of company stock valued at $19,442,080. Corporate insiders own 5.40% of the company's stock.

Institutional Trading of Arch Resources

A number of hedge funds and other institutional investors have recently modified their holdings of ARCH. Maple Rock Capital Partners Inc. increased its holdings in shares of Arch Resources by 15,612.6% in the first quarter. Maple Rock Capital Partners Inc. now owns 350,739 shares of the energy company's stock valued at $46,108,000 after purchasing an additional 353,000 shares in the last quarter. Vanguard Group Inc. boosted its stake in Arch Resources by 18.4% in the third quarter. Vanguard Group Inc. now owns 1,817,571 shares of the energy company's stock valued at $215,564,000 after acquiring an additional 282,345 shares during the last quarter. BlackRock Inc. boosted its stake in Arch Resources by 24.4% in the second quarter. BlackRock Inc. now owns 1,261,637 shares of the energy company's stock valued at $142,262,000 after acquiring an additional 247,238 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Arch Resources by 10,789.7% in the first quarter. Envestnet Asset Management Inc. now owns 248,939 shares of the energy company's stock valued at $48,000 after acquiring an additional 246,653 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in Arch Resources in the fourth quarter valued at approximately $31,370,000. Institutional investors and hedge funds own 88.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. StockNews.com lowered shares of Arch Resources from a "buy" rating to a "hold" rating in a research report on Thursday, March 7th. B. Riley dropped their price target on shares of Arch Resources from $198.00 to $193.00 and set a "buy" rating for the company in a research report on Monday. BMO Capital Markets reissued a "market perform" rating and issued a $165.00 price target (down previously from $180.00) on shares of Arch Resources in a research report on Wednesday, April 10th. Finally, Citigroup reissued a "neutral" rating and issued a $170.00 price target (down previously from $185.00) on shares of Arch Resources in a research report on Thursday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Arch Resources presently has a consensus rating of "Hold" and a consensus price target of $177.00.

About Arch Resources

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.