$586.45 Million in Sales Expected for Arch Coal, Inc. Class A (ARCH) This Quarter

Wall Street brokerages forecast that Arch Coal, Inc. Class A (NYSE:ARCH) will report $586.45 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Arch Coal, Inc. Class A’s earnings, with the lowest sales estimate coming in at $542.00 million and the highest estimate coming in at $640.38 million. The company is expected to issue its next quarterly earnings results on Tuesday, January 30th.

According to Zacks, analysts expect that Arch Coal, Inc. Class A will report full-year sales of $586.45 million for the current fiscal year, with estimates ranging from $2.31 billion to $2.41 billion. For the next fiscal year, analysts forecast that the firm will report sales of $2.21 billion per share, with estimates ranging from $2.04 billion to $2.35 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Arch Coal, Inc. Class A.

Arch Coal, Inc. Class A (NYSE:ARCH) last announced its quarterly earnings results on Tuesday, October 31st. The energy company reported $2.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.96. The business had revenue of $613.53 million for the quarter, compared to analyst estimates of $550.35 million. The company’s revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.43) EPS.

ARCH has been the subject of several research analyst reports. Jefferies Group restated a “buy” rating on shares of Arch Coal, Inc. Class A in a report on Thursday, September 21st. FBR & Co restated a “buy” rating on shares of Arch Coal, Inc. Class A in a report on Tuesday, September 19th. B. Riley set a $95.00 price objective on Arch Coal, Inc. Class A and gave the company a “buy” rating in a report on Tuesday, November 14th. Stifel Nicolaus restated a “buy” rating and issued a $92.00 price objective on shares of Arch Coal, Inc. Class A in a report on Friday, October 13th. Finally, ValuEngine upgraded Arch Coal, Inc. Class A from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Arch Coal, Inc. Class A presently has an average rating of “Buy” and an average target price of $94.75.

Shares of Arch Coal, Inc. Class A (NYSE:ARCH) opened at $96.83 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.40 and a current ratio of 2.79. Arch Coal, Inc. Class A has a twelve month low of $60.13 and a twelve month high of $99.53.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Wednesday, November 29th.

In other news, Director James N. Chapman sold 1,002 shares of the business’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $80.99, for a total transaction of $81,151.98. Following the sale, the director now directly owns 2,226 shares of the company’s stock, valued at $180,283.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Monarch Alternative Capital Lp sold 500,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $85.26, for a total value of $42,630,000.00. The disclosure for this sale can be found here. 1.34% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Arch Coal, Inc. Class A by 10.5% during the second quarter. Vanguard Group Inc. now owns 1,801,011 shares of the energy company’s stock worth $123,010,000 after purchasing an additional 171,751 shares during the period. BlackRock Inc. raised its position in shares of Arch Coal, Inc. Class A by 242.4% during the second quarter. BlackRock Inc. now owns 1,415,537 shares of the energy company’s stock worth $96,680,000 after purchasing an additional 1,002,176 shares during the period. Davidson Kempner Capital Management LP raised its position in shares of Arch Coal, Inc. Class A by 51.2% during the second quarter. Davidson Kempner Capital Management LP now owns 999,951 shares of the energy company’s stock worth $68,297,000 after purchasing an additional 338,500 shares during the period. Ameriprise Financial Inc. raised its position in shares of Arch Coal, Inc. Class A by 25.1% during the second quarter. Ameriprise Financial Inc. now owns 812,195 shares of the energy company’s stock worth $55,674,000 after purchasing an additional 162,743 shares during the period. Finally, Teachers Advisors LLC raised its position in shares of Arch Coal, Inc. Class A by 26.8% during the second quarter. Teachers Advisors LLC now owns 774,404 shares of the energy company’s stock worth $52,892,000 after purchasing an additional 163,479 shares during the period.

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About Arch Coal, Inc. Class A

Arch Coal, Inc is a coal producer. The Company is engaged in the production of thermal and metallurgical coal from surface and underground mines located throughout the United States, for sale to utility, industrial and steel producers both in the United States and around the world. The Company operates mining complexes in West Virginia, Kentucky, Maryland, Virginia, Illinois, Wyoming and Colorado.

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