Wall Street analysts expect Arch Coal Inc (NYSE:ARCH) to report sales of $563.88 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Arch Coal’s earnings, with the lowest sales estimate coming in at $520.00 million and the highest estimate coming in at $591.10 million. Arch Coal reported sales of $613.54 million during the same quarter last year, which indicates a negative year-over-year growth rate of 8.1%. The business is expected to report its next quarterly earnings report on Tuesday, October 30th.

On average, analysts expect that Arch Coal will report full year sales of $2.26 billion for the current fiscal year, with estimates ranging from $2.16 billion to $2.32 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.14 billion, with estimates ranging from $2.03 billion to $2.23 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Arch Coal.

Arch Coal (NYSE:ARCH) last posted its earnings results on Tuesday, July 31st. The energy company reported $2.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.95 by $0.31. The firm had revenue of $592.30 million during the quarter, compared to analysts’ expectations of $525.37 million. Arch Coal had a net margin of 10.80% and a return on equity of 39.79%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.85 earnings per share.

A number of analysts have issued reports on ARCH shares. ValuEngine upgraded shares of Arch Coal from a “sell” rating to a “hold” rating in a research note on Monday, July 2nd. B. Riley lifted their target price on shares of Arch Coal from $96.00 to $106.00 and gave the company a “buy” rating in a research note on Wednesday, September 19th. Seaport Global Securities reiterated a “buy” rating on shares of Arch Coal in a research note on Tuesday, July 31st. Zacks Investment Research cut shares of Arch Coal from a “buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. Finally, TheStreet upgraded shares of Arch Coal from a “c” rating to a “b-” rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $102.63.

Large investors have recently added to or reduced their stakes in the company. Strs Ohio raised its position in shares of Arch Coal by 16.5% in the second quarter. Strs Ohio now owns 14,100 shares of the energy company’s stock valued at $1,105,000 after purchasing an additional 2,000 shares during the period. OppenheimerFunds Inc. raised its position in shares of Arch Coal by 0.4% in the second quarter. OppenheimerFunds Inc. now owns 3,266,210 shares of the energy company’s stock valued at $256,169,000 after purchasing an additional 14,178 shares during the period. Point72 Asset Management L.P. raised its position in shares of Arch Coal by 1,083.3% in the second quarter. Point72 Asset Management L.P. now owns 122,000 shares of the energy company’s stock valued at $9,568,000 after purchasing an additional 111,690 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Arch Coal by 4.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 105,309 shares of the energy company’s stock valued at $8,260,000 after purchasing an additional 4,131 shares during the period. Finally, Ashler Capital LLC raised its position in shares of Arch Coal by 15.8% in the second quarter. Ashler Capital LLC now owns 717,502 shares of the energy company’s stock valued at $56,274,000 after purchasing an additional 97,785 shares during the period. 41.05% of the stock is currently owned by institutional investors.

NYSE ARCH traded down $0.30 during trading on Friday, reaching $91.39. The company’s stock had a trading volume of 180,777 shares, compared to its average volume of 312,088. The company has a quick ratio of 2.07, a current ratio of 2.53 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $1.75 billion, a PE ratio of 8.04 and a beta of 0.34. Arch Coal has a 1-year low of $68.95 and a 1-year high of $102.61.

The company also recently declared a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 31st were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Thursday, August 30th. Arch Coal’s dividend payout ratio is 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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