Arch Resources, Inc. (NYSE:ARCH – Free Report) – Analysts at B. Riley reduced their FY2025 earnings estimates for shares of Arch Resources in a research note issued to investors on Tuesday, September 17th. B. Riley analyst L. Pipes now forecasts that the energy company will earn $18.39 per share for the year, down from their prior estimate of $19.00. B. Riley has a “Buy” rating and a $188.00 price target on the stock. The consensus estimate for Arch Resources’ current full-year earnings is $10.73 per share.
Arch Resources (NYSE:ARCH – Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The energy company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.50). Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The business had revenue of $608.75 million for the quarter, compared to analyst estimates of $562.23 million. During the same quarter in the prior year, the company earned $4.04 earnings per share. The company’s quarterly revenue was down 19.6% on a year-over-year basis.
View Our Latest Report on ARCH
Arch Resources Trading Down 1.3 %
Arch Resources stock opened at $128.27 on Thursday. The firm has a 50-day moving average of $133.56 and a 200-day moving average of $152.45. Arch Resources has a one year low of $116.44 and a one year high of $187.60. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.54 and a quick ratio of 1.77. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 7.55 and a beta of 0.60.
Arch Resources Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.25 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.78%. Arch Resources’s payout ratio is 5.88%.
Institutional Investors Weigh In On Arch Resources
A number of institutional investors and hedge funds have recently modified their holdings of ARCH. Principal Financial Group Inc. raised its holdings in Arch Resources by 23.7% in the 4th quarter. Principal Financial Group Inc. now owns 13,940 shares of the energy company’s stock valued at $2,313,000 after acquiring an additional 2,675 shares during the period. Avantax Advisory Services Inc. bought a new position in Arch Resources in the 4th quarter valued at about $242,000. Dynamic Technology Lab Private Ltd raised its holdings in Arch Resources by 135.2% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 3,999 shares of the energy company’s stock valued at $664,000 after acquiring an additional 2,299 shares during the period. Trexquant Investment LP bought a new position in Arch Resources in the 4th quarter valued at about $3,147,000. Finally, Balboa Wealth Partners raised its holdings in Arch Resources by 30.2% in the 4th quarter. Balboa Wealth Partners now owns 2,578 shares of the energy company’s stock valued at $428,000 after acquiring an additional 598 shares during the period. 88.14% of the stock is owned by institutional investors.
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.
See Also
- Five stocks we like better than Arch Resources
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Analysts Predict 85% Upside for Wave Life Sciences After Rate Cut
- Quiet Period Expirations Explained
- FedEx Stock Dips: Another Reason to Fear Recession Is Near
- Low PE Growth Stocks: Unlocking Investment Opportunities
- The Half-Penny Revolution: Will SEC’s Reform Benefit Investors?
Receive News & Ratings for Arch Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Resources and related companies with MarketBeat.com's FREE daily email newsletter.