Zacks: Brokerages Anticipate Arch Coal Inc (ARCH) Will Announce Earnings of $2.71 Per Share
Brokerages expect Arch Coal Inc (NYSE:ARCH) to report earnings per share of $2.71 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Arch Coal’s earnings, with the highest EPS estimate coming in at $3.34 and the lowest estimate coming in at $2.21. Arch Coal posted earnings of $2.95 per share in the same quarter last year, which indicates a negative year over year growth rate of 8.1%. The business is expected to issue its next quarterly earnings results on Thursday, April 25th.
On average, analysts expect that Arch Coal will report full-year earnings of $14.35 per share for the current year, with EPS estimates ranging from $10.71 to $17.61. For the next year, analysts expect that the firm will post earnings of $10.70 per share, with EPS estimates ranging from $5.62 to $14.85. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Arch Coal.
Arch Coal (NYSE:ARCH) last posted its earnings results on Thursday, February 14th. The energy company reported $4.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.28 by $1.16. Arch Coal had a net margin of 12.75% and a return on equity of 47.94%. The company had revenue of $650.96 million for the quarter, compared to analyst estimates of $570.69 million. During the same quarter in the prior year, the business posted $2.56 EPS. The firm’s revenue was up 16.2% compared to the same quarter last year.
Large investors have recently bought and sold shares of the business. Quantamental Technologies LLC bought a new position in shares of Arch Coal during the 4th quarter valued at approximately $33,000. FMR LLC grew its position in shares of Arch Coal by 35.9% during the 4th quarter. FMR LLC now owns 466 shares of the energy company’s stock valued at $39,000 after acquiring an additional 123 shares during the period. First Quadrant L P CA bought a new position in shares of Arch Coal during the 4th quarter valued at approximately $70,000. Ontario Teachers Pension Plan Board bought a new position in shares of Arch Coal during the 3rd quarter valued at approximately $208,000. Finally, Amalgamated Bank bought a new position in shares of Arch Coal during the 3rd quarter valued at approximately $214,000. Hedge funds and other institutional investors own 81.03% of the company’s stock.
Shares of ARCH traded down $0.86 on Monday, reaching $89.72. The company’s stock had a trading volume of 202,538 shares, compared to its average volume of 264,530. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.67 and a quick ratio of 2.29. Arch Coal has a twelve month low of $75.09 and a twelve month high of $102.61. The firm has a market capitalization of $1.57 billion, a PE ratio of 5.92 and a beta of 0.01.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were paid a $0.45 dividend. This is a positive change from Arch Coal’s previous quarterly dividend of $0.40. The ex-dividend date was Monday, March 4th. This represents a $1.80 annualized dividend and a yield of 2.01%. Arch Coal’s dividend payout ratio (DPR) is 11.88%.
About Arch Coal
Arch Coal, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2018, the company operated nine active mines. 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; 10,195 acres of coal land in Virginia; 359,122 acres of coal land in West Virginia; 81,868 acres of coal land in Wyoming; 268,802 acres of coal land in Illinois; 33,527 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 19,146 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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