Todays Report: Today, Q4 2016 EPS Estimates for Arch Coal Boosted by Analyst (ARCH)

Today, Q4 2016 EPS Estimates for Arch Coal Boosted by Analyst (ARCH)

Arch Coal (NASDAQ:ARCH) – FBR & Co lifted their Q4 2016 earnings per share (EPS) estimates for shares of Arch Coal in a report issued on Thursday. FBR & Co analyst L. Pipes now expects that the firm will post earnings per share of $0.57 for the quarter, up from their previous estimate of ($0.35). FBR & Co has a “Outperform” rating and a $71.00 price objective on the stock. FBR & Co also issued estimates for Arch Coal’s FY2017 earnings at $0.80 EPS and FY2018 earnings at $0.85 EPS.

Separately, Stifel Nicolaus began coverage on shares of Arch Coal in a research note on Monday, October 10th. They set a “buy” rating and a $81.00 price target on the stock.

Arch Coal (NASDAQ:ARCH) opened at 69.06 on Monday. Arch Coal has a 1-year low of $0.04 and a 1-year high of $70.14. The firm’s 50-day moving average is $17.06 and its 200 day moving average is $4.63.

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