Zacks: Brokerages Anticipate Arch Coal, Inc. Class A (ARCH) to Post $2.71 EPS
Wall Street analysts forecast that Arch Coal, Inc. Class A (NYSE:ARCH) will announce earnings of $2.71 per share for the current quarter, according to Zacks. Four analysts have made estimates for Arch Coal, Inc. Class A’s earnings, with the highest EPS estimate coming in at $3.31 and the lowest estimate coming in at $2.07. The firm is expected to announce its next earnings report on Tuesday, January 30th.
On average, analysts expect that Arch Coal, Inc. Class A will report full-year earnings of $9.31 per share for the current fiscal year, with EPS estimates ranging from $8.71 to $9.80. For the next financial year, analysts expect that the company will report earnings of $8.79 per share, with EPS estimates ranging from $6.50 to $11.00. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Arch Coal, Inc. Class A.
Arch Coal, Inc. Class A (NYSE:ARCH) last posted its quarterly earnings results on Tuesday, October 31st. The energy company reported $2.54 EPS for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.96. The firm had revenue of $613.53 million for the quarter, compared to the consensus estimate of $550.35 million. During the same quarter in the prior year, the company earned ($1.43) earnings per share. The company’s quarterly revenue was up 11.5% compared to the same quarter last year.
Several research analysts have commented on the stock. Zacks Investment Research lowered shares of Arch Coal, Inc. Class A from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. ValuEngine upgraded shares of Arch Coal, Inc. Class A from a “hold” rating to a “buy” rating in a report on Friday, December 1st. B. Riley set a $95.00 price objective on shares of Arch Coal, Inc. Class A and gave the stock a “buy” rating in a report on Tuesday, November 14th. FBR & Co restated a “buy” rating on shares of Arch Coal, Inc. Class A in a report on Tuesday, October 31st. Finally, Jefferies Group restated a “buy” rating on shares of Arch Coal, Inc. Class A in a report on Thursday, October 19th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $94.75.
Arch Coal, Inc. Class A (ARCH) traded down $1.85 during trading hours on Friday, reaching $96.83. 331,256 shares of the company were exchanged, compared to its average volume of 296,897. Arch Coal, Inc. Class A has a 52 week low of $60.13 and a 52 week high of $99.53. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.79 and a quick ratio of 2.40.
In related news, Director James N. Chapman sold 1,002 shares of the stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $80.99, for a total value of $81,151.98. Following the completion of the transaction, the director now directly owns 2,226 shares in the company, valued at approximately $180,283.74. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Monarch Alternative Capital Lp sold 500,000 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $85.26, for a total transaction of $42,630,000.00. The disclosure for this sale can be found here. 1.34% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Arch Coal, Inc. Class A by 242.4% in the 2nd quarter. BlackRock Inc. now owns 1,415,537 shares of the energy company’s stock worth $96,680,000 after acquiring an additional 1,002,176 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Arch Coal, Inc. Class A by 11,912.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 228,241 shares of the energy company’s stock worth $15,588,000 after acquiring an additional 226,341 shares in the last quarter. Kennedy Capital Management Inc. bought a new position in shares of Arch Coal, Inc. Class A in the 2nd quarter worth about $1,707,000. Schwab Charles Investment Management Inc. increased its stake in shares of Arch Coal, Inc. Class A by 59.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 99,624 shares of the energy company’s stock worth $6,805,000 after acquiring an additional 37,245 shares in the last quarter. Finally, Skylands Capital LLC increased its stake in shares of Arch Coal, Inc. Class A by 10.4% in the 3rd quarter. Skylands Capital LLC now owns 297,300 shares of the energy company’s stock worth $21,328,000 after acquiring an additional 28,050 shares in the last quarter. Institutional investors own 37.04% of the company’s stock.
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About Arch Coal, Inc. Class A
Arch Coal, Inc is a coal producer. The Company is engaged in the production of thermal and metallurgical coal from surface and underground mines located throughout the United States, for sale to utility, industrial and steel producers both in the United States and around the world. The Company operates mining complexes in West Virginia, Kentucky, Maryland, Virginia, Illinois, Wyoming and Colorado.
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