B. Riley Comments on Arch Resources, Inc.’s Q1 2024 Earnings (NYSE:ARCH)

Arch Resources, Inc. (NYSE:ARCH) – Equities researchers at B. Riley dropped their Q1 2024 EPS estimates for shares of Arch Resources in a note issued to investors on Monday, April 15th. B. Riley analyst L. Pipes now expects that the energy company will post earnings of $2.79 per share for the quarter, down from their previous forecast of $4.06. B. Riley has a “Buy” rating and a $193.00 price target on the stock. The consensus estimate for Arch Resources’ current full-year earnings is $16.73 per share. B. Riley also issued estimates for Arch Resources’ Q2 2024 earnings at $1.57 EPS and FY2024 earnings at $12.65 EPS.

Several other brokerages have also weighed in on ARCH. BMO Capital Markets reissued a “market perform” rating and set a $165.00 price objective (down from $180.00) on shares of Arch Resources in a report on Wednesday, April 10th. Citigroup reissued a “neutral” rating and set a $170.00 price objective (down from $185.00) on shares of Arch Resources in a report on Thursday. Finally, StockNews.com lowered shares of Arch Resources from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Arch Resources currently has a consensus rating of “Hold” and a consensus price target of $177.00.

Arch Resources Stock Performance

Arch Resources stock opened at $162.66 on Wednesday. Arch Resources has a 12-month low of $102.42 and a 12-month high of $187.60. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 6.77 and a beta of 0.68. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.49 and a quick ratio of 1.83. The firm’s fifty day moving average price is $164.88 and its 200 day moving average price is $163.32.

Arch Resources (NYSE:ARCH) last released its quarterly earnings results on Thursday, February 15th. The energy company reported $6.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.90 by ($0.83). Arch Resources had a return on equity of 32.20% and a net margin of 14.75%. The firm had revenue of $774.00 million for the quarter, compared to analysts’ expectations of $704.53 million. During the same period last year, the firm earned $23.18 EPS. The business’s quarterly revenue was down 9.9% on a year-over-year basis.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Resurgent Financial Advisors LLC acquired a new position in Arch Resources during the 4th quarter valued at about $29,000. Covestor Ltd boosted its stake in Arch Resources by 61.4% during the 3rd quarter. Covestor Ltd now owns 184 shares of the energy company’s stock valued at $31,000 after purchasing an additional 70 shares during the period. Point72 Hong Kong Ltd acquired a new position in Arch Resources during the 2nd quarter valued at about $32,000. Newbridge Financial Services Group Inc. boosted its stake in Arch Resources by 1,900.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 200 shares of the energy company’s stock valued at $33,000 after purchasing an additional 190 shares during the period. Finally, Hexagon Capital Partners LLC raised its position in shares of Arch Resources by 188.6% during the 4th quarter. Hexagon Capital Partners LLC now owns 202 shares of the energy company’s stock worth $34,000 after buying an additional 132 shares in the last quarter. 88.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Arch Resources news, Director Pamela R. Butcher purchased 200 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average cost of $165.00 per share, with a total value of $33,000.00. Following the acquisition, the director now owns 200 shares of the company’s stock, valued at approximately $33,000. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In other Arch Resources news, Director Pamela R. Butcher purchased 200 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average cost of $165.00 per share, with a total value of $33,000.00. Following the acquisition, the director now owns 200 shares of the company’s stock, valued at approximately $33,000. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Paul T. Demzik sold 4,451 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $178.40, for a total transaction of $794,058.40. Following the transaction, the vice president now directly owns 2,192 shares of the company’s stock, valued at $391,052.80. The disclosure for this sale can be found here. In the last three months, insiders sold 104,335 shares of company stock valued at $19,126,100. Company insiders own 5.40% of the company’s stock.

Arch Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Wednesday, February 28th. Arch Resources’s dividend payout ratio (DPR) is presently 4.16%.

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.