FBR & Co Analysts Increase Earnings Estimates for Arch Coal, Inc. Class A (ARCH)

Arch Coal, Inc. Class A (NASDAQ:ARCH) – Equities researchers at FBR & Co upped their Q4 2017 earnings per share (EPS) estimates for shares of Arch Coal, Inc. Class A in a research report issued to clients and investors on Wednesday. FBR & Co analyst L. Pipes now forecasts that the energy company will post earnings of $2.59 per share for the quarter, up from their previous forecast of $2.30. FBR & Co has a “Buy” rating and a $96.00 price objective on the stock. FBR & Co also issued estimates for Arch Coal, Inc. Class A’s FY2019 earnings at $3.72 EPS.

Several other research analysts have also recently issued reports on ARCH. Stifel Nicolaus restated a “buy” rating and issued a $92.00 target price on shares of Arch Coal, Inc. Class A in a report on Friday, June 23rd. Jefferies Group LLC restated a “buy” rating and issued a $90.00 target price on shares of Arch Coal, Inc. Class A in a report on Friday, July 7th. Seaport Global Securities reiterated a “buy” rating on shares of Arch Coal, Inc. Class A in a research note on Thursday, July 27th. Clarkson Capital reiterated a “buy” rating on shares of Arch Coal, Inc. Class A in a research note on Thursday, July 27th. Finally, MKM Partners reiterated a “buy” rating and set a $98.00 price target (up previously from $93.00) on shares of Arch Coal, Inc. Class A in a research note on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $93.00.

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Shares of Arch Coal, Inc. Class A (NASDAQ:ARCH) traded down 0.64% during midday trading on Thursday, hitting $70.23. The company had a trading volume of 74,082 shares. Arch Coal, Inc. Class A has a 52 week low of $67.00 and a 52 week high of $86.47. The firm’s 50 day moving average is $72.95 and its 200 day moving average is $72.95. The company has a market capitalization of $1.71 billion and a P/E ratio of 0.98.

Arch Coal, Inc. Class A (NASDAQ:ARCH) last released its quarterly earnings results on Thursday, July 27th. The energy company reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.07). The business had revenue of $549.87 million during the quarter, compared to analysts’ expectations of $596.76 million. The business’s revenue for the quarter was up 30.8% on a year-over-year basis.

A number of hedge funds and other institutional investors have recently modified their holdings of ARCH. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Arch Coal, Inc. Class A in the 2nd quarter valued at about $104,000. Royal Bank of Canada grew its stake in Arch Coal, Inc. Class A by 140.6% in the 2nd quarter. Royal Bank of Canada now owns 1,655 shares of the energy company’s stock valued at $113,000 after acquiring an additional 967 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Arch Coal, Inc. Class A in the 2nd quarter valued at about $131,000. Great West Life Assurance Co. Can acquired a new stake in Arch Coal, Inc. Class A in the 2nd quarter valued at about $164,000. Finally, FNY Partners Fund LP grew its stake in Arch Coal, Inc. Class A by 150.0% in the 1st quarter. FNY Partners Fund LP now owns 2,500 shares of the energy company’s stock valued at $172,000 after acquiring an additional 1,500 shares during the last quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.98%. This is a boost from Arch Coal, Inc. Class A’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, August 29th.

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.

Earnings History and Estimates for Arch Coal, Inc. Class A (NASDAQ:ARCH)

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