Arch Coal (ARCH) Expected to Post Quarterly Sales of $528.07 Million

Brokerages expect Arch Coal (NYSE:ARCH) to report $528.07 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Arch Coal’s earnings. The lowest sales estimate is $495.00 million and the highest is $564.62 million. Arch Coal reported sales of $549.87 million in the same quarter last year, which suggests a negative year-over-year growth rate of 4%. The business is expected to announce its next earnings report on Thursday, July 26th.

On average, analysts expect that Arch Coal will report full year sales of $2.16 billion for the current fiscal year, with estimates ranging from $2.06 billion to $2.27 billion. For the next year, analysts expect that the firm will report sales of $2.11 billion per share, with estimates ranging from $2.02 billion to $2.23 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Arch Coal.

Arch Coal (NYSE:ARCH) last released its earnings results on Thursday, April 26th. The energy company reported $2.95 EPS for the quarter, missing analysts’ consensus estimates of $4.30 by ($1.35). The company had revenue of $575.30 million for the quarter, compared to analysts’ expectations of $594.04 million. Arch Coal had a return on equity of 39.10% and a net margin of 10.73%. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.55 EPS.

A number of analysts have recently commented on ARCH shares. Zacks Investment Research cut shares of Arch Coal from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 17th. Jefferies Group set a $120.00 target price on shares of Arch Coal and gave the stock a “buy” rating in a research note on Tuesday, February 13th. ValuEngine cut shares of Arch Coal from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. B. Riley cut their target price on shares of Arch Coal from $115.00 to $97.00 and set a “buy” rating for the company in a research note on Friday, April 27th. Finally, JPMorgan Chase cut shares of Arch Coal from an “overweight” rating to a “neutral” rating and set a $90.00 target price for the company. in a research note on Thursday, January 25th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $103.00.

Shares of ARCH stock traded down $1.13 on Monday, reaching $79.15. 227,449 shares of the company were exchanged, compared to its average volume of 541,298. The stock has a market capitalization of $1.65 billion, a P/E ratio of 6.97 and a beta of 0.01. The company has a quick ratio of 2.41, a current ratio of 2.89 and a debt-to-equity ratio of 0.45. Arch Coal has a 1 year low of $60.13 and a 1 year high of $102.61.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Thursday, May 31st will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, May 30th. This represents a $1.60 dividend on an annualized basis and a yield of 2.02%. Arch Coal’s payout ratio is presently 14.08%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Allianz Asset Management GmbH boosted its position in Arch Coal by 7.7% during the fourth quarter. Allianz Asset Management GmbH now owns 8,061 shares of the energy company’s stock worth $751,000 after acquiring an additional 575 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Arch Coal by 100.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,449 shares of the energy company’s stock worth $135,000 after acquiring an additional 725 shares during the last quarter. Meeder Asset Management Inc. boosted its position in Arch Coal by 33.5% during the fourth quarter. Meeder Asset Management Inc. now owns 2,895 shares of the energy company’s stock worth $270,000 after acquiring an additional 727 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in Arch Coal by 9.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 8,783 shares of the energy company’s stock worth $807,000 after acquiring an additional 766 shares during the last quarter. Finally, Eagle Global Advisors LLC boosted its position in Arch Coal by 1.9% during the first quarter. Eagle Global Advisors LLC now owns 50,569 shares of the energy company’s stock worth $4,646,000 after acquiring an additional 936 shares during the last quarter. Hedge funds and other institutional investors own 58.88% of the company’s stock.

About Arch Coal

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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