Seaport Global Securities Comments on Arch Coal Inc’s FY2018 Earnings (ARCH)

Arch Coal Inc (NYSE:ARCH) – Seaport Global Securities lifted their FY2018 EPS estimates for Arch Coal in a note issued to investors on Monday, October 15th, Zacks Investment Research reports. Seaport Global Securities analyst M. Levin now anticipates that the energy company will post earnings per share of $12.18 for the year, up from their prior forecast of $10.88. Seaport Global Securities currently has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Arch Coal’s Q4 2018 earnings at $3.51 EPS, FY2019 earnings at $14.35 EPS and FY2020 earnings at $7.38 EPS.

Arch Coal (NYSE:ARCH) last announced its quarterly earnings results on Tuesday, October 23rd. The energy company reported $6.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $3.31. Arch Coal had a net margin of 13.03% and a return on equity of 49.50%. The company had revenue of $633.20 million during the quarter, compared to the consensus estimate of $562.34 million. During the same quarter in the previous year, the company posted $2.54 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year.

A number of other brokerages have also recently weighed in on ARCH. B. Riley cut their price objective on shares of Arch Coal from $97.00 to $95.00 and set a “$79.11” rating on the stock in a research note on Thursday, July 19th. Zacks Investment Research upgraded shares of Arch Coal from a “hold” rating to a “strong-buy” rating and set a $104.00 price objective on the stock in a research note on Tuesday, September 11th. TheStreet upgraded shares of Arch Coal from a “c” rating to a “b-” rating in a research note on Thursday, October 4th. ValuEngine upgraded shares of Arch Coal from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. Finally, Macquarie set a $101.00 price objective on shares of Arch Coal and gave the company a “hold” rating in a research note on Wednesday, October 24th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $105.88.

Shares of ARCH traded up $0.39 during midday trading on Wednesday, hitting $94.28. 250,565 shares of the stock traded hands, compared to its average volume of 331,673. Arch Coal has a 1-year low of $75.09 and a 1-year high of $102.61. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 8.30 and a beta of -0.11. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.13 and a current ratio of 2.62.

Institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC bought a new stake in Arch Coal in the second quarter worth about $105,000. Trilogy Capital Inc. bought a new stake in Arch Coal in the second quarter worth about $173,000. Ontario Teachers Pension Plan Board bought a new stake in Arch Coal in the third quarter worth about $208,000. Jane Street Group LLC bought a new stake in Arch Coal in the second quarter worth about $237,000. Finally, Sei Investments Co. raised its position in Arch Coal by 3,230.4% in the first quarter. Sei Investments Co. now owns 2,631 shares of the energy company’s stock worth $242,000 after acquiring an additional 2,552 shares in the last quarter. Hedge funds and other institutional investors own 45.94% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.70%. The ex-dividend date is Thursday, November 29th. Arch Coal’s dividend payout ratio (DPR) is presently 14.08%.

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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