Arch Coal Inc. (NYSE:ARCH) declared a quarterly dividend on Monday, October 30th, Zacks reports. Shareholders of record on Thursday, November 30th will be given a dividend of 0.35 per share by the energy company on Friday, December 15th. This represents a $1.40 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Wednesday, November 29th.
Arch Coal (ARCH) opened at $80.67 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.79 and a quick ratio of 2.40. Arch Coal has a 52-week low of $60.13 and a 52-week high of $86.35.
Arch Coal (NYSE:ARCH) last released its quarterly earnings results on Tuesday, October 31st. The energy company reported $2.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.96. The business had revenue of $613.53 million during the quarter, compared to the consensus estimate of $550.35 million. During the same quarter in the previous year, the business posted ($1.43) earnings per share. The firm’s revenue was up 11.5% on a year-over-year basis. research analysts forecast that Arch Coal will post 9.62 EPS for the current year.
Several research firms have weighed in on ARCH. Zacks Investment Research downgraded shares of Arch Coal from a “buy” rating to a “hold” rating in a research report on Monday. B. Riley set a $95.00 price objective on shares of Arch Coal and gave the stock a “buy” rating in a research note on Tuesday, November 14th. FBR & Co reissued a “buy” rating on shares of Arch Coal in a research note on Tuesday, October 31st. Jefferies Group LLC reissued a “buy” rating on shares of Arch Coal in a research note on Thursday, October 19th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $92.00 price objective on shares of Arch Coal in a research note on Friday, October 13th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $93.00.
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About Arch Coal
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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