Alpha Metallurgical Resources (AMR) Set to Announce Earnings on Monday

Alpha Metallurgical Resources (NYSE:AMR) is scheduled to be announcing its earnings results before the market opens on Monday, May 6th. Analysts expect the company to announce earnings of $8.58 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings data on Monday, February 26th. The energy company reported $12.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.78 by $4.10. Alpha Metallurgical Resources had a net margin of 20.80% and a return on equity of 46.22%. The firm had revenue of $959.90 million for the quarter, compared to analysts’ expectations of $796.65 million. During the same quarter last year, the business posted $13.37 earnings per share. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, analysts expect Alpha Metallurgical Resources to post $30 EPS for the current fiscal year and $36 EPS for the next fiscal year.

Alpha Metallurgical Resources Stock Performance

Shares of NYSE:AMR opened at $333.43 on Friday. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 6.85 and a beta of 1.38. The firm has a fifty day moving average price of $337.63 and a 200 day moving average price of $323.06. Alpha Metallurgical Resources has a fifty-two week low of $132.72 and a fifty-two week high of $452.00.

Insider Buying and Selling at Alpha Metallurgical Resources

In other news, insider Daniel E. Horn sold 100 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $360.29, for a total value of $36,029.00. Following the completion of the transaction, the insider now owns 6,462 shares in the company, valued at approximately $2,328,193.98. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Kenneth S. Courtis sold 22,802 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $302.81, for a total transaction of $6,904,673.62. Following the transaction, the director now owns 638,234 shares of the company’s stock, valued at $193,263,637.54. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Daniel E. Horn sold 100 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $360.29, for a total value of $36,029.00. Following the completion of the sale, the insider now owns 6,462 shares in the company, valued at $2,328,193.98. The disclosure for this sale can be found here. Insiders have sold a total of 153,971 shares of company stock worth $55,479,986 over the last ninety days. Company insiders own 15.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley cut their price objective on Alpha Metallurgical Resources from $381.00 to $374.00 and set a “buy” rating for the company in a research report on Monday, April 15th.

About Alpha Metallurgical Resources

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.