Arch Coal Inc (ARCH) to Post FY2018 Earnings of $12.18 Per Share, Seaport Global Securities Forecasts

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Arch Coal Inc (NYSE:ARCH) – Equities research analysts at Seaport Global Securities increased their FY2018 earnings per share (EPS) estimates for shares of Arch Coal in a research report issued on Monday, October 15th, Zacks Investment Research reports. Seaport Global Securities analyst M. Levin now forecasts that the energy company will post earnings of $12.18 per share for the year, up from their previous forecast of $10.88. Seaport Global Securities currently has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Arch Coal’s Q4 2018 earnings at $3.51 EPS, FY2019 earnings at $14.35 EPS and FY2020 earnings at $7.38 EPS.

Arch Coal (NYSE:ARCH) last issued its quarterly earnings data on Tuesday, October 23rd. The energy company reported $6.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.02 by $3.31. The business had revenue of $633.20 million during the quarter, compared to analysts’ expectations of $562.34 million. Arch Coal had a return on equity of 49.50% and a net margin of 13.03%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.54 EPS.

A number of other equities analysts have also recently weighed in on the company. MKM Partners set a $126.00 price target on Arch Coal and gave the stock a “buy” rating in a report on Thursday. ValuEngine cut Arch Coal from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. B. Riley upped their price target on Arch Coal from $106.00 to $107.00 and gave the stock a “buy” rating in a report on Wednesday, October 24th. Macquarie set a $101.00 price target on Arch Coal and gave the stock a “hold” rating in a report on Wednesday, October 24th. Finally, Zacks Investment Research raised Arch Coal from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a report on Tuesday, October 9th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $105.88.

NYSE ARCH traded up $0.39 during trading hours on Wednesday, reaching $94.28. The company’s stock had a trading volume of 250,565 shares, compared to its average volume of 331,673. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 8.30 and a beta of -0.11. Arch Coal has a 1-year low of $75.09 and a 1-year high of $102.61. The company has a current ratio of 2.62, a quick ratio of 2.13 and a debt-to-equity ratio of 0.44.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.70%. Arch Coal’s payout ratio is currently 14.08%.

Several institutional investors have recently made changes to their positions in ARCH. Ontario Teachers Pension Plan Board acquired a new stake in shares of Arch Coal in the third quarter valued at $208,000. Martingale Asset Management L P raised its stake in shares of Arch Coal by 1.9% in the third quarter. Martingale Asset Management L P now owns 58,817 shares of the energy company’s stock valued at $5,259,000 after acquiring an additional 1,102 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Arch Coal by 1.6% in the third quarter. Prudential Financial Inc. now owns 68,114 shares of the energy company’s stock valued at $6,089,000 after acquiring an additional 1,072 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Arch Coal by 2.0% in the third quarter. JPMorgan Chase & Co. now owns 444,090 shares of the energy company’s stock valued at $39,702,000 after acquiring an additional 8,646 shares in the last quarter. Finally, Stone Ridge Asset Management LLC raised its stake in shares of Arch Coal by 64.3% in the third quarter. Stone Ridge Asset Management LLC now owns 7,383 shares of the energy company’s stock valued at $660,000 after acquiring an additional 2,890 shares in the last quarter. 45.94% of the stock is owned by institutional investors and hedge funds.

About Arch Coal

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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