American Resources (AREC) Scheduled to Post Earnings on Thursday

American Resources (NASDAQ:AREC) will issue its quarterly earnings data after the market closes on Thursday, November 14th. Analysts expect the company to announce earnings of ($0.10) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

American Resources (NASDAQ:AREC) last posted its quarterly earnings data on Monday, August 19th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.04). American Resources had a negative return on equity of 978.72% and a negative net margin of 332.74%. During the same period last year, the firm earned ($0.01) EPS. On average, analysts expect American Resources to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

American Resources Stock Up 5.7 %

Shares of AREC opened at $1.11 on Wednesday. American Resources has a twelve month low of $0.41 and a twelve month high of $1.86. The company has a 50 day moving average of $0.85 and a 200-day moving average of $0.87. The stock has a market capitalization of $85.94 million, a P/E ratio of -5.00 and a beta of 0.17.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm decreased their price objective on American Resources from $5.00 to $4.00 and set a “buy” rating for the company in a report on Monday, September 30th.

American Resources Company Profile

American Resources Corporation, together with its subsidiaries, extracts, processes, transports, and sells metallurgical coal to the steel and industrial industries. It supplies raw materials; and sells coal used in pulverized coal injections. The company was founded in 2006 and is headquartered in Fishers, Indiana.