Arch Resources (NYSE:ARCH) Issues Earnings Results

Arch Resources (NYSE:ARCH) posted its quarterly earnings data on Thursday. The energy company reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.79 by $0.19, Briefing.com reports. The company had revenue of $680.19 million during the quarter, compared to analysts’ expectations of $596.52 million. Arch Resources had a return on equity of 22.32% and a net margin of 10.89%. Arch Resources’s revenue for the quarter was down 21.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $10.02 earnings per share.

Arch Resources Stock Performance

Shares of NYSE ARCH traded down $1.01 during trading hours on Friday, reaching $164.42. 368,946 shares of the stock were exchanged, compared to its average volume of 350,544. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 9.67 and a beta of 0.68. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.83 and a current ratio of 2.64. Arch Resources has a 52 week low of $102.42 and a 52 week high of $187.60. The stock’s fifty day simple moving average is $164.08 and its 200 day simple moving average is $163.64.

Arch Resources Cuts Dividend

The company also recently announced a None dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $1.11 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a dividend yield of 0.6%. Arch Resources’s dividend payout ratio (DPR) is currently 5.88%.

Wall Street Analyst Weigh In

ARCH has been the subject of several recent research reports. BMO Capital Markets reaffirmed a “market perform” rating and set a $165.00 price objective (down from $180.00) on shares of Arch Resources in a research report on Wednesday, April 10th. Benchmark reissued a “buy” rating and set a $180.00 price target on shares of Arch Resources in a research report on Monday, April 22nd. B. Riley reduced their price target on Arch Resources from $198.00 to $193.00 and set a “buy” rating for the company in a research report on Monday, April 15th. Citigroup restated a “neutral” rating and issued a $170.00 price objective (down previously from $185.00) on shares of Arch Resources in a research note on Thursday, April 18th. Finally, StockNews.com lowered Arch Resources from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $177.00.

Insider Transactions at Arch Resources

In other news, Director Pamela R. Butcher bought 200 shares of the stock in a transaction dated Wednesday, March 13th. The shares were bought at an average price of $165.00 per share, for a total transaction of $33,000.00. Following the completion of the purchase, the director now owns 200 shares in the company, valued at $33,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Arch Resources news, Chairman John W. Eaves sold 72,946 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $185.03, for a total transaction of $13,497,198.38. Following the transaction, the chairman now owns 136,725 shares in the company, valued at approximately $25,298,226.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Pamela R. Butcher acquired 200 shares of the stock in a transaction on Wednesday, March 13th. The shares were bought at an average price of $165.00 per share, for a total transaction of $33,000.00. Following the purchase, the director now owns 200 shares in the company, valued at $33,000. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 104,335 shares of company stock worth $19,126,100. Company insiders own 5.40% of the company’s stock.

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.