Roth Capital Research Analysts Lower Earnings Estimates for American Resources Co. (NASDAQ:AREC)

American Resources Co. (NASDAQ:AREC) – Analysts at Roth Capital reduced their Q1 2024 earnings estimates for American Resources in a research note issued to investors on Thursday, April 25th. Roth Capital analyst M. Niehuser now expects that the company will earn ($0.06) per share for the quarter, down from their prior estimate of ($0.03). The consensus estimate for American Resources’ current full-year earnings is ($0.09) per share. Roth Capital also issued estimates for American Resources’ Q2 2024 earnings at ($0.04) EPS, Q4 2024 earnings at $0.03 EPS and FY2024 earnings at ($0.09) EPS.

American Resources Price Performance

Shares of NASDAQ:AREC opened at $1.43 on Monday. The company has a 50-day simple moving average of $1.46 and a 200-day simple moving average of $1.48. American Resources has a one year low of $1.04 and a one year high of $2.16. The company has a debt-to-equity ratio of 230.66, a quick ratio of 1.93 and a current ratio of 1.93. The stock has a market capitalization of $113.23 million, a price-to-earnings ratio of -10.21 and a beta of 0.39.

American Resources (NASDAQ:AREC) last announced its earnings results on Thursday, March 28th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.10). American Resources had a negative net margin of 66.89% and a negative return on equity of 135.75%. The business had revenue of $0.07 million during the quarter, compared to analysts’ expectations of $2.20 million.

Institutional Investors Weigh In On American Resources

A hedge fund recently bought a new stake in American Resources stock. Jump Financial LLC purchased a new position in shares of American Resources Co. (NASDAQ:AREC) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 20,800 shares of the company’s stock, valued at approximately $35,000. 9.32% of the stock is currently owned by institutional investors and hedge funds.

About American Resources

American Resources Corporation, together with its subsidiaries, extracts, processes, transports, and sells metallurgical coal to the steel and industrial industries. It supplies raw materials; and sells coal used in pulverized coal injections. The company was founded in 2006 and is headquartered in Fishers, Indiana.