Analysts expect Arch Coal Inc (NYSE:ARCH) to report earnings per share of $3.23 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Arch Coal’s earnings. The highest EPS estimate is $3.67 and the lowest is $2.75. Arch Coal reported earnings of $2.26 per share in the same quarter last year, which would indicate a positive year over year growth rate of 42.9%. The business is expected to announce its next earnings results before the market opens on Wednesday, July 24th.
According to Zacks, analysts expect that Arch Coal will report full year earnings of $18.59 per share for the current financial year, with EPS estimates ranging from $16.80 to $20.12. For the next financial year, analysts forecast that the firm will report earnings of $13.45 per share, with EPS estimates ranging from $9.94 to $17.25. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Arch Coal.
Arch Coal (NYSE:ARCH) last issued its quarterly earnings data on Tuesday, April 23rd. The energy company reported $3.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.53 by $1.38. Arch Coal had a return on equity of 47.43% and a net margin of 13.38%. The company had revenue of $555.18 million during the quarter, compared to analysts’ expectations of $572.79 million. During the same quarter in the previous year, the business earned $2.74 earnings per share. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis.
Several institutional investors have recently added to or reduced their stakes in the company. FMR LLC grew its holdings in Arch Coal by 35.9% in the 4th quarter. FMR LLC now owns 466 shares of the energy company’s stock worth $39,000 after acquiring an additional 123 shares during the last quarter. Penn Capital Management Co. Inc. lifted its position in Arch Coal by 2.0% during the 1st quarter. Penn Capital Management Co. Inc. now owns 7,719 shares of the energy company’s stock valued at $2,095,000 after acquiring an additional 148 shares during the period. Rhumbline Advisers lifted its position in Arch Coal by 0.8% during the 1st quarter. Rhumbline Advisers now owns 26,051 shares of the energy company’s stock valued at $2,378,000 after acquiring an additional 202 shares during the period. Squarepoint Ops LLC lifted its position in Arch Coal by 1.4% during the 4th quarter. Squarepoint Ops LLC now owns 17,241 shares of the energy company’s stock valued at $1,431,000 after acquiring an additional 235 shares during the period. Finally, Bessemer Group Inc. lifted its position in Arch Coal by 0.8% during the 2nd quarter. Bessemer Group Inc. now owns 36,400 shares of the energy company’s stock valued at $3,429,000 after acquiring an additional 300 shares during the period.
NYSE ARCH traded up $1.83 on Thursday, reaching $90.33. The stock had a trading volume of 18,220 shares, compared to its average volume of 148,884. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.31 and a current ratio of 2.80. Arch Coal has a 12-month low of $78.05 and a 12-month high of $101.92. The company’s 50-day moving average is $90.08. The firm has a market capitalization of $1.49 billion, a PE ratio of 5.95 and a beta of 0.30.
About Arch Coal
Arch Coal, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2018, the company operated nine active mines. It also owned or controlled primarily through long-term leases approximately 28,292 acres of coal land in Ohio; 1,060 acres of coal land in Maryland; 10,195 acres of coal land in Virginia; 359,122 acres of coal land in West Virginia; 81,868 acres of coal land in Wyoming; 268,802 acres of coal land in Illinois; 33,527 acres of coal land in Kentucky; 9,840 acres of coal land in Montana; 21,802 acres of coal land in New Mexico; 358 acres of coal land in Pennsylvania; and 19,146 acres of coal land in Colorado, as well as owned or controlled through long-term leases smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.
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