Arch Coal, Inc. Class A (NYSE:ARCH) – Analysts at Jefferies Group cut their FY2020 earnings per share (EPS) estimates for Arch Coal, Inc. Class A in a note issued to investors on Thursday. Jefferies Group analyst C. Lafemina now expects that the energy company will earn $11.14 per share for the year, down from their prior forecast of $11.23. Jefferies Group has a “Buy” rating and a $120.00 price objective on the stock.
Arch Coal, Inc. Class A (NYSE:ARCH) last issued its quarterly earnings results on Tuesday, February 13th. The energy company reported $4.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $1.80. The company had revenue of $560.20 million during the quarter, compared to analyst estimates of $574.83 million. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.65 EPS.
A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Arch Coal, Inc. Class A from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. raised their price objective on shares of Arch Coal, Inc. Class A from $90.00 to $94.00 and gave the company a “hold” rating in a research note on Thursday, February 15th. ValuEngine raised shares of Arch Coal, Inc. Class A from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Stifel Nicolaus set a $109.00 price objective on shares of Arch Coal, Inc. Class A and gave the company a “buy” rating in a research note on Tuesday, January 16th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $101.25.
Shares of Arch Coal, Inc. Class A (ARCH) traded down $0.31 during trading on Friday, hitting $91.23. 384,108 shares of the company were exchanged, compared to its average volume of 336,130. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.49 and a quick ratio of 2.10. Arch Coal, Inc. Class A has a fifty-two week low of $60.13 and a fifty-two week high of $101.84.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Monday, March 5th were paid a $0.40 dividend. The ex-dividend date was Friday, March 2nd. This is a boost from Arch Coal, Inc. Class A’s previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a yield of 1.75%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP bought a new position in shares of Arch Coal, Inc. Class A during the third quarter worth $35,030,000. Gendell Jeffrey L boosted its position in shares of Arch Coal, Inc. Class A by 12.1% during the fourth quarter. Gendell Jeffrey L now owns 75,000 shares of the energy company’s stock worth $6,987,000 after purchasing an additional 8,119 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new position in shares of Arch Coal, Inc. Class A during the fourth quarter worth $217,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Arch Coal, Inc. Class A during the third quarter worth $3,894,000. Finally, Ingalls & Snyder LLC bought a new position in shares of Arch Coal, Inc. Class A during the fourth quarter worth $279,000. 59.80% of the stock is currently owned by institutional investors.
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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