Arch Resources (NYSE:ARCH – Get Free Report) announced its earnings results on Thursday. The energy company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.50), Briefing.com reports. The firm had revenue of $608.75 million for the quarter, compared to analyst estimates of $562.23 million. Arch Resources had a net margin of 10.89% and a return on equity of 22.32%. Arch Resources’s revenue for the quarter was down 19.6% compared to the same quarter last year. During the same period last year, the firm earned $4.04 earnings per share.
Arch Resources Stock Up 1.1 %
Shares of Arch Resources stock traded up $1.55 during trading on Friday, hitting $142.59. 494,922 shares of the stock traded hands, compared to its average volume of 401,188. The stock has a market cap of $2.58 billion, a P/E ratio of 8.39 and a beta of 0.63. The company has a fifty day moving average price of $160.42 and a two-hundred day moving average price of $164.26. Arch Resources has a twelve month low of $111.52 and a twelve month high of $187.60. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.89 and a current ratio of 2.64.
Arch Resources Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.70%. The ex-dividend date is Friday, August 30th. Arch Resources’s payout ratio is currently 5.88%.
Analysts Set New Price Targets
Read Our Latest Stock Report on Arch Resources
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.
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