Alpha Metallurgical Resources (AMR) to Release Earnings on Friday

Alpha Metallurgical Resources (NYSE:AMR) is scheduled to post its quarterly earnings results before the market opens on Friday, November 1st. Analysts expect Alpha Metallurgical Resources to post earnings of $2.01 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings results on Monday, August 5th. The energy company reported $4.49 earnings per share for the quarter, beating the consensus estimate of $4.46 by $0.03. Alpha Metallurgical Resources had a return on equity of 28.63% and a net margin of 13.52%. The company had revenue of $804.00 million during the quarter, compared to analysts’ expectations of $733.05 million. During the same quarter in the prior year, the firm posted $12.16 earnings per share. The business’s quarterly revenue was down 6.3% on a year-over-year basis. On average, analysts expect Alpha Metallurgical Resources to post $21 EPS for the current fiscal year and $36 EPS for the next fiscal year.

Alpha Metallurgical Resources Price Performance

Shares of AMR stock opened at $209.85 on Wednesday. The stock has a market capitalization of $2.73 billion, a PE ratio of 5.08 and a beta of 1.30. The business’s 50 day simple moving average is $218.46 and its 200 day simple moving average is $271.25. Alpha Metallurgical Resources has a one year low of $185.00 and a one year high of $452.00.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AMR. B. Riley reduced their price objective on shares of Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a report on Wednesday, October 16th.

Alpha Metallurgical Resources Company Profile

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.