Arch Coal, Inc. Class A (ARCH) Releases Quarterly Earnings Results, Beats Estimates By $1.80 EPS

Arch Coal, Inc. Class A (NYSE:ARCH) posted its earnings results on Tuesday. The energy company reported $4.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $1.80, RTT News reports. The company had revenue of $560.20 million for the quarter, compared to analyst estimates of $574.83 million. Arch Coal, Inc. Class A’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.65 earnings per share.

Arch Coal, Inc. Class A (NYSE:ARCH) opened at $88.58 on Tuesday. Arch Coal, Inc. Class A has a 1-year low of $60.13 and a 1-year high of $99.53. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.40 and a current ratio of 2.79.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Monday, March 5th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.81%. This is a boost from Arch Coal, Inc. Class A’s previous quarterly dividend of $0.35.

In other Arch Coal, Inc. Class A news, major shareholder Monarch Alternative Capital Lp sold 500,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $85.26, for a total value of $42,630,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James N. Chapman sold 1,002 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $80.99, for a total value of $81,151.98. Following the completion of the sale, the director now owns 2,226 shares in the company, valued at approximately $180,283.74. The disclosure for this sale can be found here. Insiders own 1.34% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its stake in Arch Coal, Inc. Class A by 140.6% in the 2nd quarter. Royal Bank of Canada now owns 1,655 shares of the energy company’s stock valued at $113,000 after acquiring an additional 967 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in Arch Coal, Inc. Class A in the 2nd quarter valued at approximately $131,000. New York State Teachers Retirement System bought a new stake in Arch Coal, Inc. Class A in the 3rd quarter valued at approximately $136,000. Meeder Asset Management Inc. bought a new stake in Arch Coal, Inc. Class A in the 3rd quarter valued at approximately $155,000. Finally, B. Riley Financial Inc. bought a new stake in Arch Coal, Inc. Class A in the 3rd quarter valued at approximately $215,000.

ARCH has been the topic of several recent analyst reports. Zacks Investment Research upgraded Arch Coal, Inc. Class A from a “hold” rating to a “buy” rating and set a $104.00 price objective on the stock in a report on Monday, January 29th. B. Riley set a $95.00 price objective on Arch Coal, Inc. Class A and gave the company a “buy” rating in a report on Tuesday, November 14th. FBR & Co reiterated a “buy” rating on shares of Arch Coal, Inc. Class A in a report on Tuesday, October 31st. Jefferies Group reiterated a “buy” rating on shares of Arch Coal, Inc. Class A in a report on Thursday, October 19th. Finally, Stifel Nicolaus set a $109.00 price objective on Arch Coal, Inc. Class A and gave the company a “buy” rating in a report on Tuesday, January 16th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $96.50.

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About Arch Coal, Inc. Class A

Arch Coal, Inc is a coal producer. The Company is engaged in the production of thermal and metallurgical coal from surface and underground mines located throughout the United States, for sale to utility, industrial and steel producers both in the United States and around the world. The Company operates mining complexes in West Virginia, Kentucky, Maryland, Virginia, Illinois, Wyoming and Colorado.

Earnings History for Arch Coal, Inc. Class A (NYSE:ARCH)

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