Seaport Global Securities Equities Analysts Cut Earnings Estimates for Arch Coal Inc (NYSE:ARCH)

Arch Coal Inc (NYSE:ARCH) – Equities researchers at Seaport Global Securities cut their Q3 2019 earnings estimates for shares of Arch Coal in a research note issued to investors on Tuesday, October 8th. Seaport Global Securities analyst M. Levin now anticipates that the energy company will post earnings per share of $3.07 for the quarter, down from their prior estimate of $4.24. Seaport Global Securities currently has a “Buy” rating and a $92.00 target price on the stock. Seaport Global Securities also issued estimates for Arch Coal’s Q4 2019 earnings at $3.50 EPS, FY2019 earnings at $14.05 EPS, FY2020 earnings at $8.41 EPS and FY2021 earnings at $7.36 EPS.

Several other equities analysts have also weighed in on ARCH. BMO Capital Markets raised shares of Arch Coal from a “market perform” rating to an “outperform” rating and cut their target price for the company from $105.00 to $100.00 in a report on Thursday, September 5th. Zacks Investment Research lowered shares of Arch Coal from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 24th. ValuEngine raised shares of Arch Coal from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. B. Riley set a $116.00 target price on shares of Arch Coal and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, TheStreet raised shares of Arch Coal from a “c” rating to a “b-” rating in a report on Monday, October 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Arch Coal presently has an average rating of “Hold” and a consensus price target of $102.43.

NYSE:ARCH opened at $79.33 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.67 and a quick ratio of 2.12. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 5.24 and a beta of 0.38. The company has a 50 day moving average price of $76.12 and a 200-day moving average price of $85.92. Arch Coal has a 1-year low of $68.63 and a 1-year high of $101.92.

Arch Coal (NYSE:ARCH) last posted its earnings results on Wednesday, July 24th. The energy company reported $3.53 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.30. The firm had revenue of $570.22 million during the quarter, compared to analyst estimates of $558.75 million. Arch Coal had a net margin of 14.31% and a return on equity of 48.65%. The business’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.06 EPS.

A number of institutional investors have recently added to or reduced their stakes in the stock. Hexavest Inc. acquired a new stake in Arch Coal in the 3rd quarter valued at $413,000. Alpha Windward LLC grew its stake in Arch Coal by 8.2% in the 3rd quarter. Alpha Windward LLC now owns 5,520 shares of the energy company’s stock valued at $410,000 after acquiring an additional 420 shares during the period. Macquarie Group Ltd. grew its stake in Arch Coal by 77.6% in the 2nd quarter. Macquarie Group Ltd. now owns 13,500 shares of the energy company’s stock valued at $1,271,000 after acquiring an additional 5,900 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Arch Coal by 1.5% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 49,318 shares of the energy company’s stock valued at $4,646,000 after acquiring an additional 731 shares during the period. Finally, Luminus Management LLC grew its stake in Arch Coal by 1,221.7% in the 2nd quarter. Luminus Management LLC now owns 660,439 shares of the energy company’s stock valued at $62,220,000 after acquiring an additional 610,471 shares during the period.

In related news, Director Holly K. Koeppel purchased 2,200 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were purchased at an average price of $89.02 per share, with a total value of $195,844.00. Following the purchase, the director now owns 2,200 shares of the company’s stock, valued at $195,844. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.63% of the stock is currently owned by company insiders.

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.45 dividend. The ex-dividend date was Thursday, August 29th. This represents a $1.80 dividend on an annualized basis and a yield of 2.27%. Arch Coal’s dividend payout ratio is currently 11.88%.

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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Earnings History and Estimates for Arch Coal (NYSE:ARCH)

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