$3.02 Earnings Per Share Expected for Arch Coal Inc (ARCH) This Quarter

Share on StockTwits

Wall Street brokerages expect Arch Coal Inc (NYSE:ARCH) to post earnings per share (EPS) of $3.02 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Arch Coal’s earnings. The lowest EPS estimate is $2.52 and the highest is $3.53. Arch Coal reported earnings per share of $2.54 in the same quarter last year, which would suggest a positive year-over-year growth rate of 18.9%. The firm is expected to issue its next earnings report before the market opens on Tuesday, October 23rd.

On average, analysts expect that Arch Coal will report full-year earnings of $11.49 per share for the current financial year, with EPS estimates ranging from $10.44 to $12.18. For the next year, analysts forecast that the company will post earnings of $11.77 per share, with EPS estimates ranging from $8.21 to $14.67. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Arch Coal.

Arch Coal (NYSE:ARCH) last posted its earnings results on Tuesday, July 31st. The energy company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.31. The company had revenue of $592.30 million for the quarter, compared to analyst estimates of $525.37 million. Arch Coal had a net margin of 10.80% and a return on equity of 39.79%. Arch Coal’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.85 EPS.

Several brokerages have recently commented on ARCH. ValuEngine upgraded shares of Arch Coal from a “sell” rating to a “hold” rating in a report on Monday, July 2nd. Stifel Nicolaus began coverage on shares of Arch Coal in a report on Wednesday, June 27th. They issued a “hold” rating and a $83.00 price objective on the stock. Zacks Investment Research upgraded shares of Arch Coal from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a report on Wednesday, June 27th. B. Riley decreased their price objective on shares of Arch Coal from $97.00 to $95.00 and set a “$79.11” rating on the stock in a report on Thursday, July 19th. Finally, TheStreet upgraded shares of Arch Coal from a “c” rating to a “b-” rating in a report on Thursday, October 4th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $103.57.

NYSE:ARCH traded up $0.91 on Friday, hitting $93.95. The stock had a trading volume of 7,811 shares, compared to its average volume of 248,915. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.53 and a quick ratio of 2.07. Arch Coal has a 1-year low of $70.28 and a 1-year high of $102.61. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 8.26 and a beta of 0.34.

A number of institutional investors have recently added to or reduced their stakes in the business. Vident Investment Advisory LLC lifted its holdings in Arch Coal by 1.5% during the 2nd quarter. Vident Investment Advisory LLC now owns 38,080 shares of the energy company’s stock worth $2,987,000 after buying an additional 570 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Arch Coal by 3.7% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 29,708 shares of the energy company’s stock worth $2,330,000 after buying an additional 1,050 shares in the last quarter. Swiss National Bank lifted its holdings in Arch Coal by 3.5% during the 2nd quarter. Swiss National Bank now owns 35,300 shares of the energy company’s stock worth $2,769,000 after buying an additional 1,200 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in Arch Coal during the 2nd quarter worth approximately $105,000. Finally, SG Americas Securities LLC lifted its holdings in Arch Coal by 13.8% during the 2nd quarter. SG Americas Securities LLC now owns 11,438 shares of the energy company’s stock worth $897,000 after buying an additional 1,391 shares in the last quarter. Institutional investors own 41.05% of the company’s stock.

Arch Coal Company Profile

Arch Coal, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2017, the company operated 9 active mines located in Wyoming, West Virginia, Kentucky, Virginia, Colorado, and Illinois. 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; 10,108 acres of coal land in Virginia; 359,160 acres of coal land in West Virginia; 98,488 acres of coal land in Wyoming; 267,857 acres of coal land in Illinois; 34,446 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 20,165 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.

Read More: What is a Stop Order?

Get a free copy of the Zacks research report on Arch Coal (ARCH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Arch Coal (NYSE:ARCH)

Receive News & Ratings for Arch Coal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Coal and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Janus Henderson Group PLC Boosts Stake in AES Corp
Janus Henderson Group PLC Boosts Stake in AES Corp
Mitsubishi UFJ Trust & Banking Corp Has $3.94 Million Stake in Melco Resorts & Entertainment Limited
Mitsubishi UFJ Trust & Banking Corp Has $3.94 Million Stake in Melco Resorts & Entertainment Limited
Mitsubishi UFJ Trust & Banking Corp Reduces Position in Momo Inc
Mitsubishi UFJ Trust & Banking Corp Reduces Position in Momo Inc
Vermilion Energy Inc  Shares Bought by Janus Henderson Group PLC
Vermilion Energy Inc Shares Bought by Janus Henderson Group PLC
Mitsubishi UFJ Trust & Banking Corp Sells 77,782 Shares of SINA Corp
Mitsubishi UFJ Trust & Banking Corp Sells 77,782 Shares of SINA Corp
Tower Research Capital LLC TRC Acquires 22,565 Shares of Summit Midstream Partners LP
Tower Research Capital LLC TRC Acquires 22,565 Shares of Summit Midstream Partners LP


© 2006-2018 Ticker Report