Arch Coal Inc (ARCH) Expected to Announce Quarterly Sales of $558.06 Million

Equities analysts expect Arch Coal Inc (NYSE:ARCH) to post $558.06 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Arch Coal’s earnings. The highest sales estimate is $594.40 million and the lowest is $504.00 million. Arch Coal reported sales of $560.24 million during the same quarter last year, which would suggest a negative year over year growth rate of 0.4%. The business is expected to report its next quarterly earnings results before the market opens on Thursday, February 14th.

According to Zacks, analysts expect that Arch Coal will report full year sales of $2.36 billion for the current fiscal year, with estimates ranging from $2.30 billion to $2.40 billion. For the next fiscal year, analysts anticipate that the company will post sales of $2.24 billion, with estimates ranging from $2.07 billion to $2.45 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Arch Coal.

A number of brokerages have issued reports on ARCH. MKM Partners set a $126.00 price target on Arch Coal and gave the stock a “buy” rating in a research report on Thursday, November 8th. ValuEngine downgraded Arch Coal from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Macquarie set a $101.00 target price on Arch Coal and gave the company a “hold” rating in a research note on Wednesday, October 24th. TheStreet upgraded Arch Coal from a “c” rating to a “b” rating in a research note on Monday, January 28th. Finally, Zacks Investment Research upgraded Arch Coal from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a research note on Wednesday, January 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $103.78.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantamental Technologies LLC acquired a new position in Arch Coal in the 4th quarter valued at approximately $33,000. First Quadrant L P CA acquired a new stake in shares of Arch Coal in the 4th quarter valued at about $70,000. Ontario Teachers Pension Plan Board acquired a new stake in shares of Arch Coal in the 3rd quarter valued at about $208,000. Amalgamated Bank acquired a new stake in shares of Arch Coal in the 3rd quarter valued at about $214,000. Finally, Jane Street Group LLC acquired a new stake in shares of Arch Coal in the 2nd quarter valued at about $237,000. 61.69% of the stock is owned by institutional investors and hedge funds.

ARCH stock traded up $0.23 during trading on Friday, reaching $82.28. 2,008 shares of the company’s stock were exchanged, compared to its average volume of 244,054. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.13 and a current ratio of 2.62. Arch Coal has a 1-year low of $75.09 and a 1-year high of $102.61. The firm has a market capitalization of $1.54 billion, a PE ratio of 7.24 and a beta of -0.02.

About Arch Coal

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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