Arch Resources (NYSE:ARCH – Get Free Report) posted its quarterly earnings results on Thursday. The energy company reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.79 by $0.19, Briefing.com reports. Arch Resources had a net margin of 10.89% and a return on equity of 22.32%. The business had revenue of $680.19 million during the quarter, compared to analyst estimates of $596.52 million. During the same period in the prior year, the business posted $10.02 earnings per share. The company’s revenue was down 21.8% on a year-over-year basis.
Arch Resources Trading Down 0.6 %
ARCH stock traded down $1.01 during trading on Friday, reaching $164.42. The company had a trading volume of 368,946 shares, compared to its average volume of 350,544. Arch Resources has a 52 week low of $102.42 and a 52 week high of $187.60. The company has a market cap of $3.00 billion, a P/E ratio of 9.67 and a beta of 0.68. The business has a 50 day moving average of $164.08 and a 200 day moving average of $163.64. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.64 and a quick ratio of 1.83.
Arch Resources Cuts Dividend
The company also recently announced a None dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $1.11 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a dividend yield of 0.6%. Arch Resources’s dividend payout ratio is currently 5.88%.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on ARCH
Insider Buying and Selling
In related news, Director Pamela R. Butcher purchased 200 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average cost of $165.00 per share, with a total value of $33,000.00. Following the completion of the purchase, the director now directly owns 200 shares in the company, valued at $33,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director James N. Chapman sold 2,005 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $184.08, for a total value of $369,080.40. Following the completion of the transaction, the director now directly owns 1,219 shares of the company’s stock, valued at $224,393.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Pamela R. Butcher purchased 200 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average cost of $165.00 per share, with a total value of $33,000.00. Following the completion of the purchase, the director now owns 200 shares of the company’s stock, valued at $33,000. The disclosure for this purchase can be found here. Insiders sold a total of 104,335 shares of company stock valued at $19,126,100 over the last three months. Corporate insiders own 5.40% of the company’s stock.
Arch Resources Company Profile
Arch Resources, Inc engages in the production and sale of metallurgical products. It operates in two segments, Metallurgical and Thermal. The company operates active mines. It owned or controlled primarily through long-term leases of coal land in Ohio, Maryland, Virginia, West Virginia, Wyoming, Kentucky, Montana, Pennsylvania, Colorado, and Illinois; and smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.
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