Arch Resources (NYSE:ARCH) Posts Earnings Results, Misses Expectations By $2.17 EPS

Arch Resources (NYSE:ARCH) released its quarterly earnings results on Tuesday. The energy company reported ($0.34) EPS for the quarter, missing the consensus estimate of $1.83 by ($2.17), RTT News reports. Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The firm had revenue of $617.90 million for the quarter, compared to analyst estimates of $587.71 million. During the same period last year, the firm earned $3.91 EPS. The company’s quarterly revenue was down 17.0% on a year-over-year basis.

Arch Resources Stock Down 1.2 %

ARCH stock opened at $142.22 on Tuesday. The stock has a market capitalization of $2.57 billion, a PE ratio of 10.33 and a beta of 0.59. The company has a fifty day moving average of $135.68 and a 200-day moving average of $147.26. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.77 and a current ratio of 2.54. Arch Resources has a one year low of $116.44 and a one year high of $187.60.

Arch Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.70%. Arch Resources’s dividend payout ratio (DPR) is presently 7.26%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. B. Riley lowered their target price on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. StockNews.com assumed coverage on shares of Arch Resources in a research note on Sunday. They set a “hold” rating for the company. Finally, Benchmark restated a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $175.75.

Insider Buying and Selling at Arch Resources

In related news, VP Deck Slone sold 253 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $144.75, for a total transaction of $36,621.75. Following the transaction, the vice president now owns 29,120 shares of the company’s stock, valued at $4,215,120. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 5.90% of the stock is owned by corporate insiders.

About Arch Resources

Arch Resources, Inc engages in the production and sale of metallurgical products. It operates in two segments, Metallurgical and Thermal. The company operates active mines. It owned or controlled primarily through long-term leases of coal land in Ohio, Maryland, Virginia, West Virginia, Wyoming, Kentucky, Montana, Pennsylvania, Colorado, and Illinois; and smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.