Zacks: Brokerages Expect Arch Coal, Inc. Class A (ARCH) to Post $2.32 EPS

Analysts expect that Arch Coal, Inc. Class A (NYSE:ARCH) will report earnings of $2.32 per share for the current quarter, Zacks reports. Four analysts have made estimates for Arch Coal, Inc. Class A’s earnings, with the highest EPS estimate coming in at $2.44 and the lowest estimate coming in at $2.18. The company is expected to report its next earnings report before the market opens on Tuesday, February 13th.

According to Zacks, analysts expect that Arch Coal, Inc. Class A will report full year earnings of $9.21 per share for the current fiscal year, with EPS estimates ranging from $9.06 to $9.42. For the next fiscal year, analysts forecast that the company will report earnings of $10.60 per share, with EPS estimates ranging from $9.05 to $14.36. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Arch Coal, Inc. Class A.

Arch Coal, Inc. Class A (NYSE:ARCH) last released its quarterly earnings results on Tuesday, October 31st. The energy company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.96. The company had revenue of $613.53 million during the quarter, compared to the consensus estimate of $550.35 million. The business’s revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the firm earned ($1.43) EPS.

Several equities analysts have commented on ARCH shares. FBR & Co set a $96.00 price objective on Arch Coal, Inc. Class A and gave the company a “buy” rating in a research report on Wednesday, October 11th. Stifel Nicolaus set a $109.00 price objective on Arch Coal, Inc. Class A and gave the company a “buy” rating in a research report on Tuesday, January 16th. ValuEngine raised Arch Coal, Inc. Class A from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. B. Riley set a $95.00 price objective on Arch Coal, Inc. Class A and gave the company a “buy” rating in a research report on Tuesday, November 14th. Finally, Jefferies Group reissued a “buy” rating on shares of Arch Coal, Inc. Class A in a research report on Thursday, October 19th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $96.50.

In other Arch Coal, Inc. Class A news, major shareholder Monarch Alternative Capital Lp sold 500,000 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $85.26, for a total transaction of $42,630,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James N. Chapman sold 1,002 shares of Arch Coal, Inc. Class A stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $80.99, for a total value of $81,151.98. Following the completion of the transaction, the director now directly owns 2,226 shares of the company’s stock, valued at approximately $180,283.74. The disclosure for this sale can be found here. Company insiders own 1.34% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada raised its position in Arch Coal, Inc. Class A by 140.6% in the 2nd quarter. Royal Bank of Canada now owns 1,655 shares of the energy company’s stock worth $113,000 after buying an additional 967 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in Arch Coal, Inc. Class A in the 2nd quarter worth about $131,000. New York State Teachers Retirement System purchased a new position in Arch Coal, Inc. Class A in the 3rd quarter worth about $136,000. Meeder Asset Management Inc. purchased a new position in Arch Coal, Inc. Class A in the 3rd quarter worth about $155,000. Finally, B. Riley Financial Inc. purchased a new position in Arch Coal, Inc. Class A in the 3rd quarter worth about $215,000.

Arch Coal, Inc. Class A (ARCH) traded up $0.18 during trading hours on Monday, reaching $93.21. 256,592 shares of the company traded hands, compared to its average volume of 326,284. Arch Coal, Inc. Class A has a twelve month low of $60.13 and a twelve month high of $99.53. The company has a current ratio of 2.79, a quick ratio of 2.40 and a debt-to-equity ratio of 0.46.

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About Arch Coal, Inc. Class A

Arch Coal, Inc is a coal producer. The Company is engaged in the production of thermal and metallurgical coal from surface and underground mines located throughout the United States, for sale to utility, industrial and steel producers both in the United States and around the world. The Company operates mining complexes in West Virginia, Kentucky, Maryland, Virginia, Illinois, Wyoming and Colorado.

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