Arch Resources, Inc. to Issue Quarterly Dividend of $0.25 (NYSE:ARCH)

Arch Resources, Inc. (NYSE:ARCH) declared a quarterly dividend on Thursday, July 25th, Zacks reports. Stockholders of record on Friday, August 30th will be paid a dividend of 0.25 per share by the energy company on Friday, September 13th. This represents a $1.00 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Friday, August 30th.

Arch Resources has increased its dividend payment by an average of 26.0% per year over the last three years. Arch Resources has a dividend payout ratio of 4.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Arch Resources to earn $21.74 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 4.6%.

Arch Resources Trading Down 3.8 %

ARCH stock opened at $141.03 on Friday. The business has a fifty day moving average price of $160.80 and a 200 day moving average price of $164.47. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.64 and a quick ratio of 1.89. Arch Resources has a fifty-two week low of $111.52 and a fifty-two week high of $187.60. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 8.30 and a beta of 0.63.

Arch Resources (NYSE:ARCH) last announced its earnings results on Thursday, July 25th. The energy company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.50). Arch Resources had a net margin of 10.89% and a return on equity of 22.32%. The business had revenue of $608.75 million during the quarter, compared to analyst estimates of $562.23 million. During the same quarter last year, the business posted $4.04 earnings per share. The business’s quarterly revenue was down 19.6% compared to the same quarter last year. Analysts expect that Arch Resources will post 13.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ARCH has been the subject of a number of research analyst reports. Benchmark reaffirmed a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a research note on Monday, April 22nd. BMO Capital Markets reaffirmed a “market perform” rating and set a $165.00 price objective (down previously from $180.00) on shares of Arch Resources in a report on Wednesday, April 10th. B. Riley decreased their price objective on Arch Resources from $198.00 to $193.00 and set a “buy” rating on the stock in a research report on Monday, April 15th. Finally, Citigroup restated a “neutral” rating and set a $170.00 target price (down previously from $185.00) on shares of Arch Resources in a research report on Thursday, April 18th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $177.00.

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.