B. Riley Has Optimistic Outlook of AMR FY2024 Earnings

Alpha Metallurgical Resources, Inc. (NYSE:AMR) – Stock analysts at B. Riley lifted their FY2024 earnings per share (EPS) estimates for Alpha Metallurgical Resources in a report issued on Monday, November 4th. B. Riley analyst L. Pipes now forecasts that the energy company will post earnings of $18.02 per share for the year, up from their prior estimate of $17.89. B. Riley currently has a “Buy” rating and a $336.00 target price on the stock. The consensus estimate for Alpha Metallurgical Resources’ current full-year earnings is $17.89 per share. B. Riley also issued estimates for Alpha Metallurgical Resources’ Q4 2024 earnings at $3.64 EPS, Q1 2025 earnings at $6.70 EPS, Q2 2025 earnings at $11.42 EPS, Q3 2025 earnings at $11.40 EPS, Q4 2025 earnings at $11.25 EPS, FY2025 earnings at $40.77 EPS, Q1 2026 earnings at $10.11 EPS, Q2 2026 earnings at $10.11 EPS, Q3 2026 earnings at $10.51 EPS and FY2026 earnings at $40.97 EPS.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings results on Friday, November 1st. The energy company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($1.31). The business had revenue of $671.90 million during the quarter, compared to the consensus estimate of $672.95 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The company’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted $6.65 EPS.

Separately, Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday.

Alpha Metallurgical Resources Trading Up 4.5 %

Alpha Metallurgical Resources stock opened at $222.98 on Wednesday. Alpha Metallurgical Resources has a 52 week low of $185.00 and a 52 week high of $452.00. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 8.18 and a beta of 1.33. The company’s 50-day moving average price is $216.30 and its two-hundred day moving average price is $265.99.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AMR. Creative Planning boosted its position in shares of Alpha Metallurgical Resources by 2.9% during the 2nd quarter. Creative Planning now owns 1,529 shares of the energy company’s stock valued at $429,000 after purchasing an additional 43 shares in the last quarter. Lindenwold Advisors INC grew its position in Alpha Metallurgical Resources by 2.9% in the first quarter. Lindenwold Advisors INC now owns 1,541 shares of the energy company’s stock worth $510,000 after buying an additional 44 shares during the last quarter. Linden Thomas Advisory Services LLC increased its holdings in shares of Alpha Metallurgical Resources by 0.6% in the second quarter. Linden Thomas Advisory Services LLC now owns 7,823 shares of the energy company’s stock valued at $2,195,000 after buying an additional 47 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in shares of Alpha Metallurgical Resources by 1.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 4,876 shares of the energy company’s stock valued at $1,368,000 after acquiring an additional 48 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Alpha Metallurgical Resources by 124.6% during the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the energy company’s stock valued at $32,000 after acquiring an additional 76 shares during the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

Alpha Metallurgical Resources Company Profile

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.