Arch Coal (NYSE:ARCH) Posts Earnings Results, Misses Estimates By $0.04 EPS
Arch Coal (NYSE:ARCH) announced its quarterly earnings data on Tuesday. The energy company reported ($3.26) EPS for the quarter, missing the Zacks’ consensus estimate of ($3.22) by ($0.04), Briefing.com reports. Arch Coal had a negative return on equity of 1.33% and a net margin of 1.25%. The company had revenue of $319.50 million for the quarter, compared to analyst estimates of $287.27 million. During the same period in the prior year, the firm posted $3.53 earnings per share. The business’s quarterly revenue was down 44.0% compared to the same quarter last year.
Shares of Arch Coal stock traded down $0.75 during trading hours on Friday, reaching $30.20. The stock had a trading volume of 8,758 shares, compared to its average volume of 262,108. The firm has a 50 day simple moving average of $30.15 and a two-hundred day simple moving average of $38.40. The firm has a market capitalization of $483.47 million, a price-to-earnings ratio of 36.08 and a beta of 0.94. The company has a current ratio of 2.06, a quick ratio of 1.75 and a debt-to-equity ratio of 0.59. Arch Coal has a 1 year low of $21.80 and a 1 year high of $92.37.
In other news, Director Robert B. Hamill acquired 2,000 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were bought at an average cost of $31.59 per share, for a total transaction of $63,180.00. Company insiders own 5.00% of the company’s stock.
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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