Equities Analysts Set Expectations for AMR FY2024 Earnings

Alpha Metallurgical Resources, Inc. (NYSE:AMR) – Investment analysts at B. Riley increased their FY2024 EPS estimates for shares of Alpha Metallurgical Resources in a research note issued on Monday, November 4th. B. Riley analyst L. Pipes now anticipates that the energy company will post earnings per share of $18.02 for the year, up from their previous forecast of $17.89. B. Riley has a “Buy” rating and a $336.00 price objective on the stock. The consensus estimate for Alpha Metallurgical Resources’ current full-year earnings is $17.89 per share. B. Riley also issued estimates for Alpha Metallurgical Resources’ Q4 2024 earnings at $3.64 EPS, Q1 2025 earnings at $6.70 EPS, Q2 2025 earnings at $11.42 EPS, Q3 2025 earnings at $11.40 EPS, Q4 2025 earnings at $11.25 EPS, FY2025 earnings at $40.77 EPS, Q1 2026 earnings at $10.11 EPS, Q2 2026 earnings at $10.11 EPS, Q3 2026 earnings at $10.51 EPS and FY2026 earnings at $40.97 EPS.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings data on Friday, November 1st. The energy company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($1.31). The company had revenue of $671.90 million for the quarter, compared to analyst estimates of $672.95 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. Alpha Metallurgical Resources’s revenue was down 9.4% on a year-over-year basis. During the same period in the prior year, the business earned $6.65 earnings per share.

Separately, Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday.

Alpha Metallurgical Resources Stock Performance

NYSE AMR opened at $241.88 on Wednesday. Alpha Metallurgical Resources has a one year low of $185.00 and a one year high of $452.00. The company has a 50-day simple moving average of $216.45 and a 200-day simple moving average of $265.82. The firm has a market capitalization of $3.15 billion, a PE ratio of 8.88 and a beta of 1.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Janus Henderson Group PLC boosted its holdings in shares of Alpha Metallurgical Resources by 19.3% in the 1st quarter. Janus Henderson Group PLC now owns 27,174 shares of the energy company’s stock valued at $8,998,000 after buying an additional 4,387 shares during the period. Stratos Wealth Advisors LLC boosted its stake in Alpha Metallurgical Resources by 50.3% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 9,878 shares of the energy company’s stock valued at $2,333,000 after purchasing an additional 3,305 shares during the period. Edgestream Partners L.P. acquired a new position in Alpha Metallurgical Resources during the 1st quarter valued at about $677,000. Invst LLC acquired a new position in Alpha Metallurgical Resources during the 1st quarter valued at about $681,000. Finally, Jade Capital Advisors LLC boosted its stake in Alpha Metallurgical Resources by 180.0% during the 3rd quarter. Jade Capital Advisors LLC now owns 7,000 shares of the energy company’s stock valued at $1,653,000 after purchasing an additional 4,500 shares during the period. 84.29% of the stock is owned by institutional investors and hedge funds.

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.