B. Riley Equities Analysts Increase Earnings Estimates for Arch Coal (ARCH)

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.

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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.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research raised Arch Coal from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a report on Monday, January 29th. Stifel Nicolaus set a $109.00 target price on Arch Coal and gave the company a “buy” rating in a report on Tuesday, January 16th. Jefferies Group set a $120.00 target price on Arch Coal and gave the company a “buy” rating in a report on Tuesday, February 13th. JPMorgan Chase upped their target price on Arch Coal from $90.00 to $94.00 and gave the company a “hold” rating in a report on Thursday, February 15th. Finally, ValuEngine downgraded Arch Coal from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $101.25.

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.

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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.

Earnings History and Estimates for Arch Coal (NYSE:ARCH)

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