Arch Coal, Inc. Class A (ARCH) Expected to Announce Quarterly Sales of $586.45 Million

Wall Street brokerages predict that Arch Coal, Inc. Class A (NYSE:ARCH) will announce $586.45 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Arch Coal, Inc. Class A’s earnings, with the lowest sales estimate coming in at $542.00 million and the highest estimate coming in at $640.38 million. The company is expected to announce its next quarterly earnings results on Tuesday, January 30th.

On average, analysts expect that Arch Coal, Inc. Class A will report full year sales of $586.45 million for the current fiscal year, with estimates ranging from $2.31 billion to $2.41 billion. For the next financial year, analysts forecast that the business will report sales of $2.21 billion per share, with estimates ranging from $2.04 billion to $2.35 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Arch Coal, Inc. Class A.

Arch Coal, Inc. Class A (NYSE:ARCH) last posted its quarterly earnings results on Tuesday, October 31st. The energy company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.96. The business had revenue of $613.53 million for the quarter, compared to the consensus estimate of $550.35 million. During the same quarter in the previous year, the business posted ($1.43) EPS. The company’s revenue for the quarter was up 11.5% on a year-over-year basis.

A number of research firms recently commented on ARCH. Zacks Investment Research cut Arch Coal, Inc. Class A from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. ValuEngine upgraded Arch Coal, Inc. Class A from a “hold” rating to a “buy” rating in a report on Friday, December 1st. B. Riley set a $95.00 price objective on Arch Coal, Inc. Class A and gave the stock a “buy” rating in a report on Tuesday, November 14th. FBR & Co restated a “buy” rating on shares of Arch Coal, Inc. Class A in a report on Tuesday, October 31st. Finally, Jefferies Group restated a “buy” rating on shares of Arch Coal, Inc. Class A in a report on Thursday, October 19th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Arch Coal, Inc. Class A presently has an average rating of “Buy” and an average target price of $94.75.

Arch Coal, Inc. Class A (ARCH) opened at $96.83 on Friday. Arch Coal, Inc. Class A has a 1-year low of $60.13 and a 1-year high of $99.53. The company has a quick ratio of 2.40, a current ratio of 2.79 and a debt-to-equity ratio of 0.46.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Wednesday, November 29th.

In other news, Director James N. Chapman sold 1,002 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $80.99, for a total transaction of $81,151.98. Following the completion of the sale, the director now owns 2,226 shares in the company, valued at $180,283.74. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Monarch Alternative Capital Lp sold 500,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $85.26, for a total value of $42,630,000.00. The disclosure for this sale can be found here. Insiders own 1.34% of the company’s stock.

Several hedge funds have recently modified their holdings of ARCH. BlackRock Inc. boosted its stake in shares of Arch Coal, Inc. Class A by 242.4% in the second quarter. BlackRock Inc. now owns 1,415,537 shares of the energy company’s stock valued at $96,680,000 after buying an additional 1,002,176 shares during the period. Dimensional Fund Advisors LP bought a new stake in shares of Arch Coal, Inc. Class A in the third quarter valued at approximately $35,030,000. Davidson Kempner Capital Management LP boosted its stake in shares of Arch Coal, Inc. Class A by 51.2% in the second quarter. Davidson Kempner Capital Management LP now owns 999,951 shares of the energy company’s stock valued at $68,297,000 after buying an additional 338,500 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Arch Coal, Inc. Class A by 11,912.7% in the second quarter. JPMorgan Chase & Co. now owns 228,241 shares of the energy company’s stock valued at $15,588,000 after buying an additional 226,341 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Arch Coal, Inc. Class A by 450.0% in the second quarter. Northern Trust Corp now owns 252,215 shares of the energy company’s stock valued at $17,226,000 after buying an additional 206,361 shares during the period.

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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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