$2.40 Earnings Per Share Expected for Arch Coal Inc (ARCH) This Quarter

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Wall Street analysts expect Arch Coal Inc (NYSE:ARCH) to announce earnings of $2.40 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Arch Coal’s earnings. The lowest EPS estimate is $2.07 and the highest is $2.97. Arch Coal reported earnings per share of $1.85 during the same quarter last year, which would suggest a positive year-over-year growth rate of 29.7%. The company is expected to issue its next earnings results on Thursday, July 26th.

According to Zacks, analysts expect that Arch Coal will report full-year earnings of $8.80 per share for the current financial year, with EPS estimates ranging from $8.50 to $9.10. For the next financial year, analysts expect that the company will post earnings of $9.11 per share, with EPS estimates ranging from $4.72 to $14.47. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Arch Coal.

Arch Coal (NYSE:ARCH) last released its quarterly earnings results on Thursday, April 26th. The energy company reported $2.95 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.30 by ($1.35). The business had revenue of $575.30 million for the quarter, compared to the consensus estimate of $594.04 million. Arch Coal had a net margin of 10.73% and a return on equity of 39.10%. The business’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period last year, the firm posted $2.55 EPS.

A number of equities research analysts have recently weighed in on the company. Seaport Global Securities set a $112.00 price target on Arch Coal and gave the company a “buy” rating in a report on Monday, April 23rd. Zacks Investment Research cut Arch Coal from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 17th. ValuEngine lowered shares of Arch Coal from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. MKM Partners set a $106.00 price objective on shares of Arch Coal and gave the company a “buy” rating in a research note on Wednesday, June 6th. Finally, B. Riley lowered their price objective on shares of Arch Coal from $115.00 to $97.00 and set a “buy” rating on the stock in a research note on Friday, April 27th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $97.89.

ARCH opened at $79.74 on Monday. The company has a market cap of $1.64 billion, a PE ratio of 7.02 and a beta of 0.07. The company has a current ratio of 2.89, a quick ratio of 2.41 and a debt-to-equity ratio of 0.45. Arch Coal has a twelve month low of $67.97 and a twelve month high of $102.61.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Thursday, May 31st were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, May 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.01%. Arch Coal’s dividend payout ratio is presently 14.08%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. grew its position in Arch Coal by 3.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 104,671 shares of the energy company’s stock worth $9,752,000 after buying an additional 3,128 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in Arch Coal in the fourth quarter worth approximately $691,000. First Trust Advisors LP acquired a new position in Arch Coal in the fourth quarter worth approximately $2,223,000. Wells Fargo & Company MN grew its position in Arch Coal by 14.9% in the fourth quarter. Wells Fargo & Company MN now owns 54,097 shares of the energy company’s stock worth $5,039,000 after buying an additional 7,008 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Arch Coal by 3.2% in the fourth quarter. Bank of New York Mellon Corp now owns 873,834 shares of the energy company’s stock worth $81,406,000 after buying an additional 26,771 shares during the last quarter. Institutional investors and hedge funds own 92.61% 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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Earnings History and Estimates for Arch Coal (NYSE:ARCH)

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