Arch Coal Inc (ARCH) Expected to Earn Q4 2018 Earnings of $3.04 Per Share

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Arch Coal Inc (NYSE:ARCH) – Stock analysts at B. Riley boosted their Q4 2018 earnings estimates for Arch Coal in a research report issued on Wednesday, October 24th. B. Riley analyst L. Pipes now forecasts that the energy company will post earnings of $3.04 per share for the quarter, up from their prior forecast of $2.20. B. Riley has a “Buy” rating and a $107.00 price objective on the stock. B. Riley also issued estimates for Arch Coal’s Q1 2019 earnings at $2.97 EPS, Q2 2019 earnings at $3.23 EPS, Q3 2019 earnings at $3.51 EPS, Q4 2019 earnings at $3.09 EPS, FY2019 earnings at $12.79 EPS and FY2020 earnings at $9.69 EPS.

Arch Coal (NYSE:ARCH) last announced its quarterly earnings data on Tuesday, October 23rd. The energy company reported $6.33 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $3.31. Arch Coal had a net margin of 13.03% and a return on equity of 49.50%. The company had revenue of $633.20 million during the quarter, compared to analyst estimates of $562.34 million. During the same period in the previous year, the business earned $2.54 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis.

A number of other brokerages have also weighed in on ARCH. Zacks Investment Research lowered shares of Arch Coal from a “buy” rating to a “hold” rating in a report on Monday, October 8th. Macquarie set a $101.00 price objective on shares of Arch Coal and gave the stock a “hold” rating in a report on Wednesday, October 24th. TheStreet upgraded shares of Arch Coal from a “c” rating to a “b-” rating in a report on Thursday, October 4th. ValuEngine upgraded shares of Arch Coal from a “hold” rating to a “buy” rating in a report on Friday, October 12th. Finally, Seaport Global Securities restated a “buy” rating on shares of Arch Coal in a report on Tuesday, July 31st. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Arch Coal currently has an average rating of “Buy” and a consensus price target of $103.38.

Shares of NYSE ARCH opened at $93.08 on Monday. Arch Coal has a twelve month low of $74.82 and a twelve month high of $102.61. The company has a market capitalization of $1.74 billion, a P/E ratio of 8.19 and a beta of 0.34. The company has a quick ratio of 2.13, a current ratio of 2.62 and a debt-to-equity ratio of 0.44.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. OppenheimerFunds Inc. raised its stake in Arch Coal by 0.4% during the 2nd quarter. OppenheimerFunds Inc. now owns 3,266,210 shares of the energy company’s stock valued at $256,169,000 after buying an additional 14,178 shares during the last quarter. BlackRock Inc. raised its stake in Arch Coal by 3.8% during the 2nd quarter. BlackRock Inc. now owns 1,317,496 shares of the energy company’s stock valued at $103,331,000 after buying an additional 48,463 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Arch Coal by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 977,758 shares of the energy company’s stock valued at $76,686,000 after buying an additional 84,036 shares during the last quarter. Ashler Capital LLC raised its stake in Arch Coal by 15.8% during the 2nd quarter. Ashler Capital LLC now owns 717,502 shares of the energy company’s stock valued at $56,274,000 after buying an additional 97,785 shares during the last quarter. Finally, Davidson Kempner Capital Management LP raised its stake in Arch Coal by 260.8% during the 2nd quarter. Davidson Kempner Capital Management LP now owns 628,010 shares of the energy company’s stock valued at $49,255,000 after buying an additional 453,955 shares during the last quarter. Institutional investors and hedge funds own 41.89% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.60 dividend on an annualized basis and a yield of 1.72%. Arch Coal’s dividend payout ratio is presently 14.08%.

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

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