Arch Coal (NYSE:ARCH) – Stock analysts at B. Riley lifted their Q2 2018 earnings per share (EPS) estimates for shares of Arch Coal in a research note issued to investors on Thursday, April 19th. B. Riley analyst L. Pipes now expects that the energy company will post earnings per share of $3.45 for the quarter, up from their prior estimate of $3.18. B. Riley also issued estimates for Arch Coal’s Q4 2018 earnings at $2.78 EPS, FY2018 earnings at $12.99 EPS, Q1 2019 earnings at $3.01 EPS, Q2 2019 earnings at $3.06 EPS, Q3 2019 earnings at $3.28 EPS, Q4 2019 earnings at $2.93 EPS, FY2019 earnings at $12.28 EPS and FY2020 earnings at $8.97 EPS.
Arch Coal (NYSE:ARCH) last announced 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 during the quarter, compared to analyst estimates of $574.83 million. During the same quarter last year, the company earned $1.65 EPS. The company’s quarterly revenue was down 2.7% compared to the same quarter last year.
Shares of NYSE ARCH opened at $100.57 on Friday. Arch Coal has a 12 month low of $60.13 and a 12 month high of $102.61. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.10 and a current ratio of 2.49.
A number of large investors have recently bought and sold shares of ARCH. Dimensional Fund Advisors LP acquired a new position in Arch Coal during the third quarter valued at $35,030,000. Renaissance Technologies LLC raised its position in Arch Coal by 4,086.5% during the fourth quarter. Renaissance Technologies LLC now owns 217,700 shares of the energy company’s stock valued at $20,281,000 after buying an additional 212,500 shares during the period. Encompass Capital Advisors LLC acquired a new position in Arch Coal during the fourth quarter valued at $9,316,000. Two Sigma Investments LP raised its position in Arch Coal by 3,368.1% during the fourth quarter. Two Sigma Investments LP now owns 91,507 shares of the energy company’s stock valued at $8,525,000 after buying an additional 94,307 shares during the period. Finally, Deutsche Bank AG raised its position in Arch Coal by 227.2% during the fourth quarter. Deutsche Bank AG now owns 134,432 shares of the energy company’s stock valued at $12,523,000 after buying an additional 93,346 shares during the period. 59.89% of the stock is currently owned by hedge funds and other institutional investors.
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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