Arch Resources (NYSE:ARCH) Issues Quarterly Earnings Results

Arch Resources (NYSE:ARCH) released its earnings results on Thursday. The energy company reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.79 by $0.19, Briefing.com reports. Arch Resources had a return on equity of 22.32% and a net margin of 10.89%. The firm had revenue of $680.19 million for the quarter, compared to analyst estimates of $596.52 million. During the same quarter in the prior year, the firm posted $10.02 earnings per share. The company’s quarterly revenue was down 21.8% on a year-over-year basis.

Arch Resources Stock Down 0.6 %

NYSE:ARCH opened at $164.42 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.83 and a current ratio of 2.64. The company has a market cap of $3.00 billion, a PE ratio of 9.67 and a beta of 0.68. Arch Resources has a 52-week low of $102.42 and a 52-week high of $187.60. The stock has a 50-day simple moving average of $164.08 and a 200 day simple moving average of $163.64.

Arch Resources Cuts Dividend

The company also recently disclosed a None dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a dividend of $1.11 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a dividend yield of 0.6%. Arch Resources’s payout ratio is presently 5.88%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ARCH. B. Riley lowered their price target on Arch Resources from $198.00 to $193.00 and set a “buy” rating for the company in a report on Monday, April 15th. Citigroup restated a “neutral” rating and issued a $170.00 price target (down from $185.00) on shares of Arch Resources in a report on Thursday, April 18th. Benchmark restated a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a report on Monday, April 22nd. StockNews.com downgraded Arch Resources from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $165.00 price target (down from $180.00) on shares of Arch Resources in a report on Wednesday, April 10th. 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.com, the stock currently has a consensus rating of “Hold” and an average price target of $177.00.

Insider Buying and Selling

In related news, VP John A. Ziegler sold 148 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $172.33, for a total transaction of $25,504.84. Following the completion of the transaction, the vice president now directly owns 23,232 shares in the company, valued at $4,003,570.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Arch Resources news, VP John A. Ziegler sold 148 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $172.33, for a total value of $25,504.84. Following the completion of the transaction, the vice president now directly owns 23,232 shares in the company, valued at $4,003,570.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Paul T. Demzik sold 4,451 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $178.40, for a total value of $794,058.40. Following the completion of the transaction, the vice president now owns 2,192 shares of the company’s stock, valued at $391,052.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,335 shares of company stock worth $19,126,100. 5.40% of the stock is owned by corporate insiders.

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.