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

Arq, Inc. (NASDAQ:ARQ) – Equities researchers at Roth Capital boosted their FY2024 earnings per share estimates for ARQ in a research note issued to investors on Tuesday, November 5th. Roth Capital analyst G. Sweeney now anticipates 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 (NASDAQ:ARQ) last released its quarterly earnings results on Monday, August 12th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). ARQ had a negative net margin of 4.07% and a negative return on equity of 2.38%. The business had revenue of $25.41 million during the quarter, compared to analysts’ expectations of $20.60 million. During the same quarter last year, the business posted ($0.21) earnings per share.

ARQ Price Performance

NASDAQ:ARQ opened at $6.72 on Thursday. The firm’s fifty day moving average is $5.82 and its two-hundred day moving average is $6.29. The company has a quick ratio of 1.83, a current ratio of 2.68 and a debt-to-equity ratio of 0.09. ARQ has a one year low of $1.84 and a one year high of $8.26.

Insider Transactions 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 shares were purchased at an average cost of $5.25 per share, with a total value of $131,250.00. Following the completion of the purchase, the chief executive officer now owns 450,792 shares in the company, valued at approximately $2,366,658. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 26.87% of the company’s stock.

Institutional Trading of ARQ

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

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.