Equities Analysts Set Expectations for Arch Coal’s Q4 2016 Earnings (ARCH)
Arch Coal (NASDAQ:ARCH) – Equities researchers at FBR & Co dropped their Q4 2016 earnings estimates for shares of Arch Coal in a note issued to investors on Thursday. FBR & Co analyst L. Pipes now anticipates that the brokerage will post earnings of $0.38 per share for the quarter, down from their prior estimate of $0.57. FBR & Co currently has a “Outperform” rating and a $90.00 price target on the stock. FBR & Co also issued estimates for Arch Coal’s Q1 2017 earnings at $0.18 EPS, Q2 2017 earnings at $0.43 EPS, Q3 2017 earnings at $1.33 EPS, Q4 2017 earnings at $0.79 EPS, FY2017 earnings at $2.73 EPS, Q1 2018 earnings at ($0.06) EPS, Q2 2018 earnings at $0.07 EPS, Q3 2018 earnings at $0.24 EPS and FY2018 earnings at $0.31 EPS.
Several other brokerages have also weighed in on ARCH. Stifel Nicolaus initiated coverage on Arch Coal in a research report on Monday, October 10th. They issued a “buy” rating and a $81.00 target price on the stock. Seaport Global Securities initiated coverage on Arch Coal in a research report on Thursday. They issued a “buy” rating and a $95.00 target price on the stock.
Shares of Arch Coal (NASDAQ:ARCH) opened at 84.79 on Monday. Arch Coal has a one year low of $0.04 and a one year high of $86.00. The firm’s 50-day moving average price is $55.57 and its 200-day moving average price is $14.55. The stock’s market capitalization is $2.12 billion.
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