Arch Coal Inc (NYSE:ARCH) Expected to Post Earnings of $2.59 Per Share

Wall Street brokerages expect Arch Coal Inc (NYSE:ARCH) to report earnings of $2.59 per share for the current quarter, according to Zacks. Three analysts have made estimates for Arch Coal’s earnings, with the lowest EPS estimate coming in at $2.35 and the highest estimate coming in at $2.82. Arch Coal reported earnings per share of $4.44 in the same quarter last year, which would suggest a negative year over year growth rate of 41.7%. The firm is expected to issue its next quarterly earnings results on Thursday, February 13th.

On average, analysts expect that Arch Coal will report full year earnings of $15.44 per share for the current fiscal year, with EPS estimates ranging from $13.60 to $16.59. For the next financial year, analysts expect that the company will post earnings of $11.14 per share, with EPS estimates ranging from $9.98 to $12.22. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Arch Coal.

Arch Coal (NYSE:ARCH) last announced its quarterly earnings data on Tuesday, October 22nd. The energy company reported $6.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.29 by $3.05. Arch Coal had a return on equity of 39.77% and a net margin of 13.71%. The company had revenue of $619.50 million for the quarter, compared to the consensus estimate of $571.40 million. During the same quarter in the prior year, the company posted $6.10 EPS. Arch Coal’s quarterly revenue was down 2.2% on a year-over-year basis.

A number of brokerages have recently issued reports on ARCH. B. Riley lowered their target price on shares of Arch Coal from $118.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Jefferies Financial Group raised shares of Arch Coal from a “hold” rating to a “buy” rating and raised their price target for the stock from $80.00 to $100.00 in a research note on Wednesday, October 23rd. ValuEngine upgraded shares of Arch Coal from a “sell” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research raised shares of Arch Coal from a “strong sell” rating to a “hold” rating in a research report on Friday, October 25th. Finally, Seaport Global Securities set a $92.00 target price on shares of Arch Coal and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Arch Coal currently has an average rating of “Buy” and an average target price of $100.80.

Shares of NYSE:ARCH traded up $1.49 on Friday, hitting $75.25. 184,200 shares of the company’s stock were exchanged, compared to its average volume of 252,118. Arch Coal has a 12 month low of $68.63 and a 12 month high of $101.92. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 4.97 and a beta of 0.35. The business’s 50 day simple moving average is $78.03 and its two-hundred day simple moving average is $81.86. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.55 and a quick ratio of 2.05.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.80 annualized dividend and a yield of 2.39%. Arch Coal’s payout ratio is currently 11.88%.

In other Arch Coal news, COO Paul A. Lang sold 965 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $83.47, for a total transaction of $80,548.55. Following the transaction, the chief operating officer now directly owns 4,302 shares in the company, valued at approximately $359,087.94. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John W. Eaves sold 1,500 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $83.47, for a total transaction of $125,205.00. Following the transaction, the chief executive officer now directly owns 6,977 shares in the company, valued at approximately $582,370.19. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,130 shares of company stock valued at $261,261. 0.63% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of ARCH. Wealthcare Advisory Partners LLC bought a new position in shares of Arch Coal during the second quarter valued at approximately $32,000. US Bancorp DE increased its holdings in Arch Coal by 40.8% during the second quarter. US Bancorp DE now owns 507 shares of the energy company’s stock valued at $48,000 after buying an additional 147 shares during the period. Financial Gravity Wealth Inc. purchased a new position in Arch Coal during the second quarter valued at approximately $60,000. NumerixS Investment Technologies Inc purchased a new position in Arch Coal during the second quarter valued at approximately $75,000. Finally, Compagnie Lombard Odier SCmA bought a new position in Arch Coal in the second quarter worth approximately $76,000.

Arch Coal Company Profile

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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