Q3 2024 Earnings Forecast for Arch Resources, Inc. (NYSE:ARCH) Issued By B. Riley

Arch Resources, Inc. (NYSE:ARCH) – Stock analysts at B. Riley decreased their Q3 2024 earnings estimates for shares of Arch Resources in a research report issued to clients and investors on Tuesday, July 23rd. B. Riley analyst L. Pipes now anticipates that the energy company will earn $3.70 per share for the quarter, down from their previous estimate of $3.89. B. Riley currently has a “Buy” rating and a $193.00 price target on the stock. The consensus estimate for Arch Resources’ current full-year earnings is $13.27 per share. B. Riley also issued estimates for Arch Resources’ FY2024 earnings at $11.83 EPS.

Other equities research analysts have also recently issued research reports about the stock. Citigroup reiterated a “neutral” rating and set a $170.00 target price (down previously from $185.00) on shares of Arch Resources in a research report on Thursday, April 18th. Benchmark reiterated a “buy” rating and set a $180.00 target price on shares of Arch Resources in a research report on Monday, April 22nd. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $165.00 target price (down previously from $180.00) on shares of Arch Resources in a research report on Wednesday, April 10th. Three 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 stock has an average rating of “Hold” and a consensus target price of $177.00.

Arch Resources Trading Down 3.8 %

Shares of ARCH stock opened at $141.03 on Wednesday. Arch Resources has a 52-week low of $111.52 and a 52-week high of $187.60. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 8.30 and a beta of 0.63. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.89 and a current ratio of 2.64. The firm has a fifty day moving average of $160.80 and a 200-day moving average of $164.47.

Arch Resources (NYSE:ARCH) last announced its quarterly earnings data on Monday, April 29th. The energy company reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.79 by $0.19. Arch Resources had a net margin of 10.89% and a return on equity of 22.32%. The company had revenue of $680.19 million during the quarter, compared to analysts’ expectations of $596.52 million. During the same quarter in the prior year, the company posted $10.02 EPS. The business’s revenue was down 21.8% on a year-over-year basis.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. CWM LLC lifted its position in shares of Arch Resources by 132.0% in the second quarter. CWM LLC now owns 174 shares of the energy company’s stock worth $26,000 after purchasing an additional 99 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its position in shares of Arch Resources by 1,900.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 200 shares of the energy company’s stock worth $33,000 after purchasing an additional 190 shares in the last quarter. Lindbrook Capital LLC lifted its position in shares of Arch Resources by 99.0% in the first quarter. Lindbrook Capital LLC now owns 201 shares of the energy company’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in shares of Arch Resources by 188.6% in the fourth quarter. Hexagon Capital Partners LLC now owns 202 shares of the energy company’s stock worth $34,000 after purchasing an additional 132 shares in the last quarter. Finally, CVA Family Office LLC bought a new stake in shares of Arch Resources in the fourth quarter worth $38,000. Institutional investors own 88.14% of the company’s stock.

Arch Resources Company Profile

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.