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

Arch Resources (NYSE:ARCH) is set to release its earnings data before the market opens on Thursday, July 25th. Analysts expect Arch Resources to post earnings of $1.25 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings results on Monday, April 29th. The energy company reported $2.98 EPS for the quarter, topping the consensus estimate of $2.79 by $0.19. The company had revenue of $680.19 million for the quarter, compared to the consensus estimate of $596.52 million. Arch Resources had a net margin of 10.89% and a return on equity of 22.32%. The firm’s revenue was down 21.8% compared to the same quarter last year. During the same quarter last year, the firm posted $10.02 EPS. On average, analysts expect Arch Resources to post $13 EPS for the current fiscal year and $22 EPS for the next fiscal year.

Arch Resources Trading Down 1.4 %

ARCH stock opened at $148.02 on Wednesday. The company has a market capitalization of $2.68 billion, a PE ratio of 8.71 and a beta of 0.64. Arch Resources has a 12 month low of $111.52 and a 12 month high of $187.60. The firm’s 50-day moving average is $161.40 and its 200 day moving average is $164.76. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.64 and a quick ratio of 1.89.

Arch Resources Cuts Dividend

The business also recently declared a None dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a $1.11 dividend. This represents a yield of 0.6%. The ex-dividend date was Friday, May 31st. Arch Resources’s dividend payout ratio is presently 5.88%.

Analysts Set New Price Targets

ARCH has been the topic of several recent analyst reports. BMO Capital Markets reaffirmed a “market perform” rating and issued a $165.00 price target (down previously from $180.00) on shares of Arch Resources in a research note on Wednesday, April 10th. Citigroup reaffirmed a “neutral” rating and issued a $170.00 price target (down previously from $185.00) on shares of Arch Resources in a research note on Thursday, April 18th. 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, B. Riley dropped their target price on shares of Arch Resources from $198.00 to $193.00 and set a “buy” rating on the stock in a report on Monday, April 15th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.