Arch Coal Inc (NYSE:ARCH) – Stock analysts at B. Riley dropped their Q2 2019 earnings per share (EPS) estimates for Arch Coal in a research report issued on Wednesday, June 12th. B. Riley analyst L. Pipes now expects that the energy company will post earnings of $3.45 per share for the quarter, down from their previous estimate of $3.58. B. Riley currently has a “Buy” rating and a $125.00 target price on the stock.

Arch Coal (NYSE:ARCH) last issued its quarterly earnings results on Tuesday, April 23rd. The energy company reported $3.91 EPS for the quarter, topping the consensus estimate of $2.53 by $1.38. Arch Coal had a net margin of 13.38% and a return on equity of 47.43%. The company had revenue of $555.18 million during the quarter, compared to analysts’ expectations of $572.79 million. During the same quarter in the previous year, the company earned $2.74 EPS. Arch Coal’s revenue was down 3.5% on a year-over-year basis.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Arch Coal from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a report on Tuesday, April 16th. TheStreet cut shares of Arch Coal from a “b” rating to a “c+” rating in a report on Wednesday, May 29th. ValuEngine upgraded shares of Arch Coal from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Finally, BMO Capital Markets boosted their price objective on shares of Arch Coal to $115.00 and gave the company a “market perform” rating in a report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $107.83.

Shares of NYSE:ARCH opened at $87.97 on Thursday. Arch Coal has a one year low of $75.09 and a one year high of $101.92. The company has a quick ratio of 2.31, a current ratio of 2.80 and a debt-to-equity ratio of 0.43. The company has a market cap of $1.50 billion, a PE ratio of 5.46 and a beta of 0.24.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Thursday, May 30th. Arch Coal’s dividend payout ratio is currently 11.88%.

A number of hedge funds and other institutional investors have recently modified their holdings of ARCH. FMR LLC increased its holdings in shares of Arch Coal by 8,292.7% in the first quarter. FMR LLC now owns 39,110 shares of the energy company’s stock valued at $3,570,000 after purchasing an additional 38,644 shares during the last quarter. Metropolitan Life Insurance Co NY increased its holdings in shares of Arch Coal by 188.8% in the first quarter. Metropolitan Life Insurance Co NY now owns 18,203 shares of the energy company’s stock valued at $21,358,000 after purchasing an additional 11,899 shares during the last quarter. Macquarie Group Ltd. increased its holdings in shares of Arch Coal by 850.0% in the first quarter. Macquarie Group Ltd. now owns 7,600 shares of the energy company’s stock valued at $694,000 after purchasing an additional 6,800 shares during the last quarter. SEI Investments Co increased its holdings in shares of Arch Coal by 25.9% in the first quarter. SEI Investments Co now owns 12,967 shares of the energy company’s stock valued at $1,187,000 after purchasing an additional 2,670 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Arch Coal by 76.2% in the first quarter. Goldman Sachs Group Inc. now owns 302,709 shares of the energy company’s stock valued at $27,628,000 after purchasing an additional 130,918 shares during the last quarter.

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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Earnings History and Estimates for Arch Coal (NYSE:ARCH)

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