Arch Resources (ARCH) Set to Announce Quarterly Earnings on Tuesday

Arch Resources (NYSE:ARCH) will be posting its quarterly earnings results before the market opens on Tuesday, November 5th. Analysts expect Arch Resources to post earnings of $1.38 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Arch Resources Price Performance

Shares of Arch Resources stock opened at $144.00 on Friday. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 10.46 and a beta of 0.60. Arch Resources has a 1-year low of $116.44 and a 1-year high of $187.60. The firm’s 50-day moving average price is $135.30 and its two-hundred day moving average price is $147.52.

Insider Activity

In other news, VP Deck Slone sold 253 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $144.75, for a total transaction of $36,621.75. Following the sale, the vice president now directly owns 29,120 shares of the company’s stock, valued at $4,215,120. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Benchmark reaffirmed a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a research note on Friday, July 26th. StockNews.com assumed coverage on shares of Arch Resources in a research note on Sunday. They set a “hold” rating on the stock. Finally, B. Riley decreased their price objective on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $175.75.

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.