Equities Analysts Set Expectations for Arch Coal’s FY2020 Earnings (NYSE:ARCH)

Arch Coal (NYSE:ARCH) – Equities research analysts at Jefferies Group decreased their FY2020 EPS estimates for shares of Arch Coal in a research note issued on Thursday, March 22nd, Zacks Investment Research reports. Jefferies Group analyst C. Lafemina now forecasts that the energy company will post earnings per share of $11.14 for the year, down from their prior forecast of $11.23. Jefferies Group currently has a “Buy” rating and a $120.00 price target on the stock.

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A number of other research firms also recently weighed in on ARCH. Zacks Investment Research raised Arch Coal from a “hold” rating to a “strong-buy” rating and set a $107.00 target price for the company in a report on Tuesday, January 2nd. ValuEngine downgraded Arch Coal from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Stifel Nicolaus set a $109.00 target price on Arch Coal and gave the stock a “buy” rating in a report on Tuesday, January 16th. Finally, JPMorgan Chase downgraded Arch Coal from an “overweight” rating to a “neutral” rating and set a $90.00 target price for the company. in a report on Thursday, January 25th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $101.25.



Arch Coal stock traded down $1.34 during mid-day trading on Friday, hitting $95.88. 204,553 shares of the company’s stock traded hands, compared to its average volume of 319,291. Arch Coal has a fifty-two week low of $60.13 and a fifty-two week high of $101.84. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.49 and a quick ratio of 2.10. The company has a market capitalization of $2,040.34, a price-to-earnings ratio of 8.43 and a beta of -0.13.

Arch Coal (NYSE:ARCH) last announced its quarterly earnings results on Tuesday, February 13th. The energy company reported $4.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $1.80. The business had revenue of $560.20 million for the quarter, compared to analyst estimates of $574.83 million. During the same period in the prior year, the business earned $1.65 EPS. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year.

Several hedge funds and other institutional investors have recently modified their holdings of ARCH. Royal Bank of Canada increased its position in shares of Arch Coal by 140.6% in the second quarter. Royal Bank of Canada now owns 1,655 shares of the energy company’s stock worth $113,000 after purchasing an additional 967 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Arch Coal by 100.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,449 shares of the energy company’s stock worth $135,000 after purchasing an additional 725 shares during the period. B. Riley Financial Inc. bought a new position in shares of Arch Coal in the third quarter worth $215,000. Ontario Teachers Pension Plan Board bought a new position in shares of Arch Coal in the fourth quarter worth $217,000. Finally, Jefferies Group LLC bought a new position in shares of Arch Coal in the fourth quarter worth $224,000. Institutional investors own 59.89% of the company’s stock.

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Arch Coal Company Profile

Arch Coal, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2017, the company operated 9 active mines located in Wyoming, West Virginia, Kentucky, Virginia, Colorado, and Illinois. It also owned or controlled, primarily through long-term leases, approximately 28,292 acres of coal land in Ohio; 1,060 acres of coal land in Maryland; 10,108 acres of coal land in Virginia; 359,160 acres of coal land in West Virginia; 98,488 acres of coal land in Wyoming; 267,857 acres of coal land in Illinois; 34,446 acres of coal land in Kentucky; 9,840 acres of coal land in Montana; 21,802 acres of coal land in New Mexico; 358 acres of coal land in Pennsylvania; and 20,165 acres of coal land in Colorado, as well as owned or controlled through long-term leases smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.

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Earnings History and Estimates for Arch Coal (NYSE:ARCH)

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