Brokers Offer Predictions for Arch Resources, Inc.’s Q3 2024 Earnings (NYSE:ARCH)

Arch Resources, Inc. (NYSE:ARCH) – Research analysts at B. Riley decreased their Q3 2024 EPS estimates for shares of Arch Resources in a research note issued on Wednesday, October 9th. B. Riley analyst L. Pipes now anticipates that the energy company will earn $1.38 per share for the quarter, down from their previous estimate of $2.13. B. Riley currently has a “Buy” rating and a $188.00 target price on the stock. The consensus estimate for Arch Resources’ current full-year earnings is $8.62 per share. B. Riley also issued estimates for Arch Resources’ Q4 2024 earnings at $1.92 EPS, FY2024 earnings at $7.12 EPS and FY2025 earnings at $17.08 EPS.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings data on Thursday, July 25th. The energy company reported $0.81 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.50). Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The company had revenue of $608.75 million during the quarter, compared to analyst estimates of $562.23 million. During the same quarter in the prior year, the company posted $4.04 earnings per share. The business’s revenue was down 19.6% compared to the same quarter last year.

Several other equities research analysts also recently weighed in on ARCH. StockNews.com began coverage on shares of Arch Resources in a research note on Thursday. They set a “hold” rating on the stock. Benchmark reaffirmed a “buy” rating and set a $180.00 target price on shares of Arch Resources in a research note on Friday, July 26th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $175.75.

Arch Resources Price Performance

Shares of ARCH opened at $145.80 on Monday. Arch Resources has a fifty-two week low of $116.44 and a fifty-two week high of $187.60. The firm’s 50 day moving average price is $130.37 and its 200 day moving average price is $148.94. The company has a market cap of $2.64 billion, a P/E ratio of 8.58 and a beta of 0.60. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.07.

Arch Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.25 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.69%. Arch Resources’s payout ratio is 5.88%.

Institutional Investors Weigh In On Arch Resources

A number of hedge funds and other institutional investors have recently modified their holdings of ARCH. Nisa Investment Advisors LLC raised its stake in Arch Resources by 5.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,856 shares of the energy company’s stock worth $283,000 after acquiring an additional 90 shares in the last quarter. CWM LLC grew its position in Arch Resources by 132.0% during the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock worth $26,000 after purchasing an additional 99 shares during the last quarter. AlphaMark Advisors LLC grew its position in Arch Resources by 6.6% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,956 shares of the energy company’s stock worth $298,000 after purchasing an additional 121 shares during the last quarter. Linden Thomas Advisory Services LLC grew its position in Arch Resources by 1.4% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 9,475 shares of the energy company’s stock worth $1,442,000 after purchasing an additional 127 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in Arch Resources by 6.5% during the 2nd quarter. Hsbc Holdings PLC now owns 2,250 shares of the energy company’s stock worth $343,000 after purchasing an additional 137 shares during the last quarter. 88.14% of the stock is currently owned by institutional investors and hedge funds.

Arch Resources Company Profile

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.