Q3 2024 Earnings Forecast for American Resources Co. (NASDAQ:AREC) Issued By Roth Capital

American Resources Co. (NASDAQ:AREC) – Roth Capital decreased their Q3 2024 earnings per share (EPS) estimates for shares of American Resources in a report released on Monday, September 30th. Roth Capital analyst M. Niehuser now anticipates that the company will post earnings per share of ($0.10) for the quarter, down from their previous forecast of ($0.02). The consensus estimate for American Resources’ current full-year earnings is ($0.13) per share. Roth Capital also issued estimates for American Resources’ Q4 2024 earnings at ($0.09) EPS, FY2024 earnings at ($0.36) EPS, Q1 2025 earnings at ($0.05) EPS, Q2 2025 earnings at $0.00 EPS and FY2025 earnings at $0.06 EPS.

Separately, Roth Mkm decreased their price target on shares of American Resources from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Monday.

American Resources Price Performance

Shares of NASDAQ:AREC opened at $0.98 on Wednesday. The firm has a fifty day moving average price of $0.59 and a two-hundred day moving average price of $0.95. The company has a market cap of $77.34 million, a price-to-earnings ratio of -7.51 and a beta of 0.15. The company has a debt-to-equity ratio of 230.66, a current ratio of 0.23 and a quick ratio of 0.13. American Resources has a one year low of $0.41 and a one year high of $1.86.

American Resources (NASDAQ:AREC) last released its quarterly earnings data on Monday, August 19th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). American Resources had a negative net margin of 332.74% and a negative return on equity of 978.72%. During the same quarter in the prior year, the business earned ($0.01) earnings per share.

Institutional Inflows and Outflows

An institutional investor recently raised its position in American Resources stock. Vanguard Group Inc. raised its stake in shares of American Resources Co. (NASDAQ:AREC) by 7.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,988,101 shares of the company’s stock after purchasing an additional 216,800 shares during the quarter. Vanguard Group Inc. owned 3.77% of American Resources worth $4,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 9.32% of the company’s stock.

American Resources Company Profile

American Resources Corporation, together with its subsidiaries, extracts, processes, transports, and sells metallurgical coal to the steel and industrial industries. It supplies raw materials; and sells coal used in pulverized coal injections. The company was founded in 2006 and is headquartered in Fishers, Indiana.