Roth Capital Forecasts ARQ’s FY2024 Earnings (NASDAQ:ARQ)

Arq, Inc. (NASDAQ:ARQ) – Equities researchers at Roth Capital increased their FY2024 earnings estimates for ARQ in a research report issued to clients and investors on Tuesday, November 5th. Roth Capital analyst G. Sweeney now expects that the company will post earnings per share of ($0.11) for the year, up from their previous estimate of ($0.12). The consensus estimate for ARQ’s current full-year earnings is ($0.12) per share. Roth Capital also issued estimates for ARQ’s FY2025 earnings at $0.23 EPS, FY2026 earnings at $0.40 EPS and FY2027 earnings at $0.74 EPS.

ARQ Stock Performance

ARQ stock opened at $6.02 on Thursday. The stock’s 50 day simple moving average is $5.82 and its 200 day simple moving average is $6.29. ARQ has a 12-month low of $1.75 and a 12-month high of $8.26. The firm has a market cap of $219.81 million, a P/E ratio of -50.17 and a beta of 1.40. The company has a current ratio of 2.68, a quick ratio of 1.83 and a debt-to-equity ratio of 0.09.

ARQ (NASDAQ:ARQ) last announced its quarterly earnings data on Monday, August 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The firm had revenue of $25.41 million for the quarter, compared to analyst estimates of $20.60 million. ARQ had a negative net margin of 4.07% and a negative return on equity of 2.38%. During the same quarter in the previous year, the company earned ($0.21) EPS.

Institutional Trading of ARQ

Hedge funds have recently made changes to their positions in the stock. Murphy Pohlad Asset Management LLC acquired a new stake in shares of ARQ in the 3rd quarter worth about $62,000. The Manufacturers Life Insurance Company bought a new position in ARQ in the 2nd quarter worth about $63,000. XTX Topco Ltd acquired a new stake in shares of ARQ in the second quarter valued at approximately $64,000. Mraz Amerine & Associates Inc. bought a new stake in shares of ARQ during the third quarter valued at approximately $66,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of ARQ during the second quarter valued at approximately $71,000. Institutional investors own 18.49% of the company’s stock.

Insider Buying and Selling at ARQ

In other ARQ news, CEO Robert E. Rasmus purchased 25,000 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was acquired at an average cost of $5.25 per share, with a total value of $131,250.00. Following the acquisition, the chief executive officer now owns 450,792 shares of the company’s stock, valued at approximately $2,366,658. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 26.87% of the stock is owned by insiders.

ARQ Company Profile

Arq, Inc produces activated carbon products in North America. The company's products include granular activated carbon, powdered and granular activated carbon, and colloidal carbon products; Arq Powder Wetcake, a fine and low-ash coal waste-derived particle; and additives for air emissions control.