Arch Coal, Inc. Class A (NYSE:ARCH) – Stock analysts at Jefferies Group upped their FY2018 earnings per share estimates for Arch Coal, Inc. Class A in a report issued on Thursday. Jefferies Group analyst C. Lafemina now expects that the energy company will earn $12.43 per share for the year, up from their previous estimate of $10.27. Jefferies Group has a “Buy” rating and a $120.00 price objective on the stock. Jefferies Group also issued estimates for Arch Coal, Inc. Class A’s FY2019 earnings at $10.73 EPS, FY2020 earnings at $11.23 EPS, FY2021 earnings at $11.60 EPS and FY2022 earnings at $11.03 EPS.
Arch Coal, Inc. Class A (NYSE:ARCH) last released its quarterly earnings results on Tuesday, February 13th. The energy company reported $4.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $1.80. The firm had revenue of $560.20 million for the quarter, compared to analyst estimates of $574.83 million. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.65 earnings per share.
A number of other equities research analysts have also weighed in on ARCH. Zacks Investment Research upgraded Arch Coal, Inc. Class A from a “hold” rating to a “strong-buy” rating and set a $108.00 price objective on the stock in a research report on Friday. JPMorgan Chase & Co. boosted their price objective on Arch Coal, Inc. Class A from $90.00 to $94.00 and gave the stock a “hold” rating in a research report on Thursday, February 15th. FBR & Co restated a “buy” rating on shares of Arch Coal, Inc. Class A in a research report on Tuesday, October 31st. ValuEngine upgraded Arch Coal, Inc. Class A from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, B. Riley restated a “buy” rating on shares of Arch Coal, Inc. Class A in a research report on Wednesday, November 1st. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $101.25.
Arch Coal, Inc. Class A (ARCH) traded up $0.17 during trading hours on Monday, reaching $92.64. The company had a trading volume of 125,050 shares, compared to its average volume of 358,244. The company has a quick ratio of 2.40, a current ratio of 2.79 and a debt-to-equity ratio of 0.46. Arch Coal, Inc. Class A has a 1-year low of $60.13 and a 1-year high of $99.53.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Monday, March 5th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Friday, March 2nd. This is a positive change from Arch Coal, Inc. Class A’s previous quarterly dividend of $0.35.
In other news, major shareholder Monarch Alternative Capital Lp sold 500,000 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $85.26, for a total value of $42,630,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James N. Chapman sold 1,002 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were 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 in the company, valued at $180,283.74. The disclosure for this sale can be found here. Insiders own 1.34% of the company’s stock.
Large investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in shares of 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 valued at $113,000 after purchasing an additional 967 shares during the period. New York State Teachers Retirement System acquired a new position in shares of Arch Coal, Inc. Class A in the 3rd quarter valued at about $136,000. Ameritas Investment Partners Inc. acquired a new position in shares of Arch Coal, Inc. Class A in the 2nd quarter valued at about $131,000. Meeder Asset Management Inc. acquired a new position in shares of Arch Coal, Inc. Class A in the 3rd quarter valued at about $155,000. Finally, Ontario Teachers Pension Plan Board acquired a new position in shares of Arch Coal, Inc. Class A in the 4th quarter valued at about $217,000. 91.48% of the stock is currently owned by institutional investors.
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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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