Brokerages expect Arch Coal, Inc. Class A (NYSE:ARCH) to announce $559.54 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Arch Coal, Inc. Class A’s earnings, with estimates ranging from $548.00 million to $578.40 million. The company is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, February 13th.
On average, analysts expect that Arch Coal, Inc. Class A will report full-year sales of $559.54 million for the current fiscal year, with estimates ranging from $2.31 billion to $2.36 billion. For the next financial year, analysts anticipate that the firm will post sales of $2.27 billion per share, with estimates ranging from $2.10 billion to $2.37 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Arch Coal, Inc. Class A.
Arch Coal, Inc. Class A (NYSE:ARCH) last issued its quarterly earnings results on Tuesday, October 31st. The energy company reported $2.54 EPS for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.96. The business had revenue of $613.53 million for the quarter, compared to analysts’ expectations of $550.35 million. The business’s revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.43) earnings per share.
A number of brokerages recently commented on ARCH. FBR & Co set a $96.00 price target on Arch Coal, Inc. Class A and gave the company a “buy” rating in a research report on Wednesday, October 11th. Zacks Investment Research raised Arch Coal, Inc. Class A from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. JPMorgan Chase & Co. lowered Arch Coal, Inc. Class A from an “overweight” rating to a “neutral” rating and set a $90.00 price objective for the company. in a report on Thursday, January 25th. Stifel Nicolaus reissued a “buy” rating and set a $92.00 price objective on shares of Arch Coal, Inc. Class A in a report on Friday, October 13th. Finally, Jefferies Group reissued a “buy” rating on shares of Arch Coal, Inc. Class A in a report on Thursday, October 19th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $96.50.
In other Arch Coal, Inc. Class A news, major shareholder Monarch Alternative Capital Lp sold 500,000 shares of the 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 can be accessed through the SEC website. Also, Director James N. Chapman sold 1,002 shares of the stock in a transaction on Friday, November 24th. The shares were sold at an average price of $80.99, for a total value of $81,151.98. Following the transaction, the director now directly owns 2,226 shares of the company’s stock, valued at $180,283.74. The disclosure for this sale can be found here. 1.34% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its holdings in shares of Arch Coal, Inc. Class A by 140.6% in the second quarter. Royal Bank of Canada now owns 1,655 shares of the energy company’s stock worth $113,000 after acquiring an additional 967 shares during the period. New York State Teachers Retirement System bought a new position in shares of Arch Coal, Inc. Class A in the third quarter worth $136,000. Ameritas Investment Partners Inc. bought a new position in shares of Arch Coal, Inc. Class A in the second quarter worth $131,000. Meeder Asset Management Inc. bought a new position in shares of Arch Coal, Inc. Class A in the third quarter worth $155,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Arch Coal, Inc. Class A in the fourth quarter worth $228,000.
Shares of Arch Coal, Inc. Class A (ARCH) opened at $89.90 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.40 and a current ratio of 2.79. Arch Coal, Inc. Class A has a 52-week low of $60.13 and a 52-week high of $99.53.
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Arch Coal, Inc. Class A Company Profile
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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