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.
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.
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