Arch Resources (NYSE:ARCH) Issues Earnings Results

Arch Resources (NYSE:ARCH) issued its quarterly earnings results on Tuesday. The energy company reported ($0.34) EPS for the quarter, missing the consensus estimate of $1.83 by ($2.17), RTT News reports. The business had revenue of $617.90 million during the quarter, compared to analysts’ expectations of $587.71 million. Arch Resources had a net margin of 9.24% and a return on equity of 17.91%. The business’s quarterly revenue was down 17.0% on a year-over-year basis. During the same period in the prior year, the business earned $3.91 EPS.

Arch Resources Stock Down 1.2 %

Arch Resources stock opened at $142.22 on Tuesday. The stock has a market cap of $2.57 billion, a PE ratio of 10.33 and a beta of 0.59. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.54 and a quick ratio of 1.77. The stock’s fifty day moving average is $135.68 and its two-hundred day moving average is $147.26. Arch Resources has a 1-year low of $116.44 and a 1-year high of $187.60.

Arch Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.70%. Arch Resources’s dividend payout ratio (DPR) is presently 7.26%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Benchmark reiterated a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a report on Friday, July 26th. StockNews.com began coverage on Arch Resources in a research report on Sunday. They issued a “hold” rating on the stock. Finally, B. Riley lowered their price objective on Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $175.75.

Insider Transactions at Arch Resources

In other news, VP Deck Slone sold 253 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $144.75, for a total transaction of $36,621.75. Following the sale, the vice president now owns 29,120 shares of the company’s stock, valued at approximately $4,215,120. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.90% of the company’s stock.

About Arch Resources

Arch Resources, Inc engages in the production and sale of metallurgical products. It operates in two segments, Metallurgical and Thermal. The company operates active mines. It owned or controlled primarily through long-term leases of coal land in Ohio, Maryland, Virginia, West Virginia, Wyoming, Kentucky, Montana, Pennsylvania, Colorado, and Illinois; and smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.