Arch Coal, Inc. Class A (NASDAQ:ARCH) – Equities research analysts at FBR & Co lifted their Q2 2017 earnings per share estimates for Arch Coal, Inc. Class A in a research report issued on Monday. FBR & Co analyst L. Pipes now expects that the energy company will post earnings per share of $2.43 for the quarter, up from their prior estimate of $2.13. FBR & Co currently has a “Outperform” rating and a $105.00 price target on the stock. FBR & Co also issued estimates for Arch Coal, Inc. Class A’s Q4 2017 earnings at $1.27 EPS, Q1 2018 earnings at $0.76 EPS, Q2 2018 earnings at $0.83 EPS, Q3 2018 earnings at $1.24 EPS, Q4 2018 earnings at $1.16 EPS and FY2019 earnings at $3.75 EPS.
A number of other research analysts also recently issued reports on the company. Zacks Investment Research downgraded Arch Coal, Inc. Class A from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 11th. Stifel Nicolaus reduced their price target on Arch Coal, Inc. Class A from $96.00 to $92.00 and set a “buy” rating on the stock in a report on Friday, May 19th. Jefferies Group LLC set a $90.00 price target on Arch Coal, Inc. Class A and gave the company a “buy” rating in a report on Thursday, June 1st. Finally, MKM Partners restated a “buy” rating and set a $89.00 price target (up previously from $86.00) on shares of Arch Coal, Inc. Class A in a report on Tuesday, May 9th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $91.67.
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Shares of Arch Coal, Inc. Class A (ARCH) opened at 74.68 on Wednesday. The company’s 50 day moving average price is $68.72 and its 200 day moving average price is $70.73. Arch Coal, Inc. Class A has a 12 month low of $59.05 and a 12 month high of $86.47. The company has a market cap of $1.87 billion and a price-to-earnings ratio of 1.14.
Arch Coal, Inc. Class A (NASDAQ:ARCH) last announced its earnings results on Tuesday, May 2nd. The energy company reported $2.55 EPS for the quarter, beating the consensus estimate of $1.95 by $0.60. The business had revenue of $600.97 million for the quarter, compared to the consensus estimate of $590.60 million. During the same quarter in the previous year, the company earned ($9.71) EPS. The firm’s revenue for the quarter was up 40.4% on a year-over-year basis.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. purchased a new position in Arch Coal, Inc. Class A during the fourth quarter worth $107,000. FNY Partners Fund LP increased its position in Arch Coal, Inc. Class A by 150.0% in the first quarter. FNY Partners Fund LP now owns 2,500 shares of the energy company’s stock worth $172,000 after buying an additional 1,500 shares during the period. Quadrature Capital Ltd purchased a new position in Arch Coal, Inc. Class A during the fourth quarter worth $205,000. Oppenheimer Asset Management Inc. purchased a new position in Arch Coal, Inc. Class A during the first quarter worth $219,000. Finally, Driehaus Capital Management LLC purchased a new position in Arch Coal, Inc. Class A during the first quarter worth $229,000.
Arch Coal, Inc. Class A Company Profile
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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