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

Arch Resources, Inc. (NYSE:ARCH) – B. Riley cut their Q1 2024 earnings per share (EPS) estimates for shares of Arch Resources in a report issued on Monday, April 15th. B. Riley analyst L. Pipes now expects that the energy company will post earnings of $2.79 per share for the quarter, down from their previous estimate of $4.06. B. Riley has a “Buy” rating and a $193.00 price target on the stock. The consensus estimate for Arch Resources’ current full-year earnings is $16.73 per share. B. Riley also issued estimates for Arch Resources’ Q2 2024 earnings at $1.57 EPS and FY2024 earnings at $12.65 EPS.

Several other brokerages have also recently weighed in on ARCH. StockNews.com cut Arch Resources from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Citigroup restated a “neutral” rating and set a $170.00 target price (down from $185.00) on shares of Arch Resources in a report on Thursday. Finally, BMO Capital Markets restated a “market perform” rating and set a $165.00 target price (down from $180.00) on shares of Arch Resources in a report on Wednesday, April 10th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Arch Resources currently has a consensus rating of “Hold” and an average target price of $177.00.

Arch Resources Trading Down 1.0 %

ARCH stock opened at $162.66 on Wednesday. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 6.77 and a beta of 0.68. The business’s 50-day moving average is $164.88 and its 200 day moving average is $163.32. Arch Resources has a 12-month low of $102.42 and a 12-month 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.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings data on Thursday, February 15th. The energy company reported $6.07 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $704.53 million. During the same quarter in the previous year, the firm posted $23.18 earnings per share. The company’s quarterly revenue was down 9.9% on a year-over-year basis.

Institutional Trading of Arch Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. grew its stake in shares of 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 in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Arch Resources by 6.6% in the first quarter. Bank of New York Mellon Corp now owns 78,779 shares of the energy company’s stock worth $10,823,000 after acquiring an additional 4,910 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Arch Resources by 58.0% in the first quarter. MetLife Investment Management LLC now owns 8,190 shares of the energy company’s stock worth $1,125,000 after acquiring an additional 3,007 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Arch Resources by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 519,483 shares of the energy company’s stock worth $71,366,000 after acquiring an additional 14,434 shares in the last quarter. Finally, Ergoteles LLC acquired a new position in shares of Arch Resources in the first quarter worth $619,000. Hedge funds and other institutional investors own 88.14% of the company’s stock.

Insider Activity

In other news, VP Paul T. Demzik sold 4,451 shares of Arch Resources stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $178.40, for a total transaction of $794,058.40. Following the sale, the vice president now owns 2,192 shares of the company’s stock, valued at approximately $391,052.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Arch Resources news, VP John A. Ziegler sold 148 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $172.33, for a total value of $25,504.84. Following 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 filing with the SEC, which can be accessed through the SEC website. Also, VP Paul T. Demzik sold 4,451 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $178.40, for a total value of $794,058.40. Following the completion of the sale, the vice president now directly owns 2,192 shares in the company, valued at approximately $391,052.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,335 shares of company stock valued at $19,126,100. 5.40% of the stock is currently owned by company insiders.

Arch Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend was Wednesday, February 28th. Arch Resources’s payout ratio is presently 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.