Alpha Metallurgical Resources (NYSE:AMR) Posts Quarterly Earnings Results, Misses Expectations By $1.31 EPS

Alpha Metallurgical Resources (NYSE:AMR) released its quarterly earnings results on Friday. The energy company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($1.31), Briefing.com reports. Alpha Metallurgical Resources had a net margin of 13.52% and a return on equity of 28.63%. The firm had revenue of $671.90 million for the quarter, compared to the consensus estimate of $672.95 million. During the same quarter in the prior year, the firm earned $6.65 earnings per share. The company’s revenue for the quarter was down 9.4% compared to the same quarter last year.

Alpha Metallurgical Resources Stock Performance

Alpha Metallurgical Resources stock opened at $202.60 on Monday. The stock has a market cap of $2.64 billion, a PE ratio of 6.03 and a beta of 1.33. Alpha Metallurgical Resources has a one year low of $185.00 and a one year high of $452.00. The stock has a fifty day moving average of $216.68 and a 200 day moving average of $267.61.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AMR shares. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Wednesday, October 16th. B. Riley dropped their target price on Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating on the stock in a report on Friday, September 6th.

Alpha Metallurgical Resources Company Profile

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.