Equities analysts predict that Arch Coal (NYSE:ARCH) will report $585.84 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Arch Coal’s earnings, with the highest sales estimate coming in at $616.51 million and the lowest estimate coming in at $547.00 million. The business is expected to report its next quarterly earnings results on Tuesday, May 8th.
According to Zacks, analysts expect that Arch Coal will report full-year sales of $585.84 million for the current fiscal year, with estimates ranging from $2.10 billion to $2.32 billion. For the next year, analysts expect that the firm will post sales of $2.17 billion per share, with estimates ranging from $2.13 billion to $2.22 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Arch Coal.
Arch Coal (NYSE:ARCH) last released its quarterly earnings data on Tuesday, February 13th. The energy company reported $4.12 earnings per share for the quarter, beating 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. During the same period last year, the business earned $1.65 EPS. The company’s revenue was down 2.7% compared to the same quarter last year.
Several equities research analysts recently weighed in on ARCH shares. Zacks Investment Research raised Arch Coal from a “hold” rating to a “strong-buy” rating and set a $107.00 price objective on the stock in a report on Tuesday, January 2nd. Stifel Nicolaus set a $109.00 price objective on Arch Coal and gave the company a “buy” rating in a report on Tuesday, January 16th. JPMorgan Chase downgraded Arch Coal from an “overweight” rating to a “neutral” rating and set a $90.00 price objective on the stock. in a report on Thursday, January 25th. Jefferies Group set a $120.00 price objective on Arch Coal and gave the company a “buy” rating in a report on Tuesday, February 13th. Finally, ValuEngine raised Arch Coal from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 28th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Arch Coal currently has an average rating of “Buy” and an average price target of $101.25.
NYSE ARCH opened at $92.41 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.10 and a current ratio of 2.49. Arch Coal has a twelve month low of $60.13 and a twelve month high of $101.84. The firm has a market cap of $1,939.41, a P/E ratio of 8.13 and a beta of -0.14.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Monday, March 5th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 2nd. This is an increase from Arch Coal’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 1.73%. Arch Coal’s payout ratio is presently 14.08%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its holdings in Arch Coal by 100.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,449 shares of the energy company’s stock worth $135,000 after buying an additional 725 shares during the period. Ontario Teachers Pension Plan Board acquired a new position in Arch Coal during the 4th quarter worth about $217,000. Jefferies Group LLC acquired a new position in Arch Coal during the 4th quarter worth about $224,000. Amalgamated Bank acquired a new position in Arch Coal during the 4th quarter worth about $226,000. Finally, Fox Run Management L.L.C. acquired a new position in Arch Coal during the 4th quarter worth about $228,000. 86.07% of the stock is currently owned by hedge funds and other institutional investors.
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Arch Coal Company Profile
Arch Coal, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2017, the company operated 9 active mines located in Wyoming, West Virginia, Kentucky, Virginia, Colorado, and Illinois. It also owned or controlled, primarily through long-term leases, approximately 28,292 acres of coal land in Ohio; 1,060 acres of coal land in Maryland; 10,108 acres of coal land in Virginia; 359,160 acres of coal land in West Virginia; 98,488 acres of coal land in Wyoming; 267,857 acres of coal land in Illinois; 34,446 acres of coal land in Kentucky; 9,840 acres of coal land in Montana; 21,802 acres of coal land in New Mexico; 358 acres of coal land in Pennsylvania; and 20,165 acres of coal land in Colorado, as well as owned or controlled through long-term leases smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.
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