B. Riley Analysts Cut Earnings Estimates for Arch Resources, Inc. (NYSE:ARCH)

Arch Resources, Inc. (NYSE:ARCH) – Stock analysts at B. Riley decreased their Q3 2024 earnings estimates for Arch Resources in a research report issued to clients and investors on Monday, April 15th. B. Riley analyst L. Pipes now anticipates that the energy company will post earnings per share of $4.12 for the quarter, down from their previous estimate of $4.56. B. Riley currently has a “Buy” rating and a $193.00 target price on the stock. The consensus estimate for Arch Resources’ current full-year earnings is $19.22 per share. B. Riley also issued estimates for Arch Resources’ Q4 2024 earnings at $4.17 EPS.

Arch Resources (NYSE:ARCH) last announced its earnings results on Thursday, February 15th. The energy company reported $6.07 earnings per share for the quarter, missing analysts’ consensus estimates of $6.90 by ($0.83). Arch Resources had a return on equity of 32.20% and a net margin of 14.75%. The firm had revenue of $774.00 million for the quarter, compared to the consensus estimate of $704.53 million. During the same period in the prior year, the business earned $23.18 EPS. Arch Resources’s quarterly revenue was down 9.9% on a year-over-year basis.

A number of other brokerages also recently weighed in on ARCH. BMO Capital Markets reissued a “market perform” rating and set a $165.00 target price (down previously from $180.00) on shares of Arch Resources in a research note on Wednesday, April 10th. StockNews.com cut shares of Arch Resources from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Finally, Citigroup raised their price target on shares of Arch Resources from $160.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $180.75.

Arch Resources Price Performance

Shares of NYSE ARCH opened at $165.92 on Tuesday. Arch Resources has a twelve month low of $102.42 and a twelve month high of $187.60. The firm has a fifty day simple moving average of $165.08 and a 200 day simple moving average of $163.32. The company has a market capitalization of $3.03 billion, a PE ratio of 6.90 and a beta of 0.68. The company has a quick ratio of 1.83, a current ratio of 2.49 and a debt-to-equity ratio of 0.07.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ARCH. Stratos Wealth Advisors LLC raised its position in Arch Resources by 1.1% in the fourth quarter. Stratos Wealth Advisors LLC now owns 5,599 shares of the energy company’s stock worth $929,000 after acquiring an additional 63 shares during the period. Advisor Group Holdings Inc. raised its position in Arch Resources by 2.9% in the first quarter. Advisor Group Holdings Inc. now owns 2,371 shares of the energy company’s stock worth $325,000 after acquiring an additional 67 shares during the period. Covestor Ltd raised its position in Arch Resources by 61.4% in the third quarter. Covestor Ltd now owns 184 shares of the energy company’s stock worth $31,000 after acquiring an additional 70 shares during the period. Unison Advisors LLC raised its position in Arch Resources by 2.5% in the fourth quarter. Unison Advisors LLC now owns 4,792 shares of the energy company’s stock worth $795,000 after acquiring an additional 119 shares during the period. Finally, Hexagon Capital Partners LLC raised its position in Arch Resources by 188.6% in the fourth quarter. Hexagon Capital Partners LLC now owns 202 shares of the energy company’s stock worth $34,000 after acquiring an additional 132 shares during the period. 88.14% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Matthew C. Giljum sold 199 shares of Arch Resources stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $169.64, for a total transaction of $33,758.36. Following the completion of the transaction, the chief financial officer now directly owns 27,986 shares in the company, valued at $4,747,545.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Rosemary L. Klein sold 1,708 shares of the firm’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $185.00, for a total transaction of $315,980.00. Following the transaction, the vice president now directly owns 6,449 shares of the company’s stock, valued at $1,193,065. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Matthew C. Giljum sold 199 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $169.64, for a total transaction of $33,758.36. Following the transaction, the chief financial officer now directly owns 27,986 shares in the company, valued at $4,747,545.04. The disclosure for this sale can be found here. Insiders sold 106,043 shares of company stock worth $19,442,080 over the last three months. 5.90% of the stock is currently owned by insiders.

Arch Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend was Wednesday, February 28th. Arch Resources’s dividend payout ratio is currently 4.16%.

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.