Arch Coal Inc (NYSE:ARCH) – Equities research analysts at Jefferies Financial Group increased their FY2020 earnings per share (EPS) estimates for shares of Arch Coal in a research note issued on Monday, July 9th. Jefferies Financial Group analyst C. Lafemina now anticipates that the energy company will post earnings per share of $8.83 for the year, up from their previous estimate of $8.82.
Get Arch Coal alerts:Arch Coal (NYSE:ARCH) last posted its earnings results on Thursday, April 26th. The energy company reported $2.95 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.30 by ($1.35). The firm had revenue of $575.30 million for the quarter, compared to the consensus estimate of $594.04 million. Arch Coal had a return on equity of 39.10% and a net margin of 10.73%. The business’s revenue was down 4.3% on a year-over-year basis. During the same period last year, the company posted $2.55 EPS.
ARCH has been the topic of a number of other research reports. Seaport Global Securities set a $112.00 price target on shares of Arch Coal and gave the stock a “buy” rating in a report on Monday, April 23rd. Zacks Investment Research lowered shares of Arch Coal from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 17th. ValuEngine lowered shares of Arch Coal from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. MKM Partners set a $106.00 price target on shares of Arch Coal and gave the stock a “buy” rating in a report on Wednesday, June 6th. Finally, B. Riley decreased their price target on shares of Arch Coal from $115.00 to $97.00 and set a “buy” rating on the stock in a report on Friday, April 27th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $97.89.
Arch Coal opened at $77.24 on Tuesday, Marketbeat reports. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.41 and a current ratio of 2.89. The company has a market cap of $1.66 billion, a P/E ratio of 6.80 and a beta of 0.07. Arch Coal has a 1-year low of $68.95 and a 1-year high of $102.61.
The business also recently declared a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Thursday, May 31st were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Wednesday, May 30th. Arch Coal’s payout ratio is 14.08%.
Several large investors have recently modified their holdings of ARCH. Envestnet Asset Management Inc. increased its holdings in shares of Arch Coal by 100.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,449 shares of the energy company’s stock worth $135,000 after buying an additional 725 shares during the last quarter. Jefferies Group LLC bought a new position in shares of Arch Coal during the 4th quarter valued at $224,000. Amalgamated Bank bought a new position in shares of Arch Coal during the 4th quarter valued at $226,000. Oppenheimer Asset Management Inc. bought a new position in shares of Arch Coal during the 1st quarter valued at $232,000. Finally, Sei Investments Co. grew its holdings in shares of Arch Coal by 3,230.4% during the 1st quarter. Sei Investments Co. now owns 2,631 shares of the energy company’s stock valued at $242,000 after purchasing an additional 2,552 shares during the last quarter. 92.61% of the stock is currently owned by hedge funds and other institutional investors.
Arch Coal Company Profile
Arch Coal, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2017, the company operated 9 active mines located in Wyoming, West Virginia, Kentucky, Virginia, Colorado, and Illinois. It also owned or controlled, primarily through long-term leases, approximately 28,292 acres of coal land in Ohio; 1,060 acres of coal land in Maryland; 10,108 acres of coal land in Virginia; 359,160 acres of coal land in West Virginia; 98,488 acres of coal land in Wyoming; 267,857 acres of coal land in Illinois; 34,446 acres of coal land in Kentucky; 9,840 acres of coal land in Montana; 21,802 acres of coal land in New Mexico; 358 acres of coal land in Pennsylvania; and 20,165 acres of coal land in Colorado, as well as owned or controlled through long-term leases smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.
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