American Resources Co. to Post Q3 2024 Earnings of ($0.10) Per Share, Roth Capital Forecasts (NASDAQ:AREC)

American Resources Co. (NASDAQ:AREC) – Roth Capital decreased their Q3 2024 earnings estimates for American Resources in a report issued on Monday, September 30th. Roth Capital analyst M. Niehuser now anticipates that the company will post earnings per share of ($0.10) for the quarter, down from their prior forecast of ($0.02). The consensus estimate for American Resources’ current full-year earnings is ($0.13) per share. Roth Capital also issued estimates for American Resources’ Q4 2024 earnings at ($0.09) EPS, FY2024 earnings at ($0.36) EPS, Q1 2025 earnings at ($0.05) EPS, Q2 2025 earnings at $0.00 EPS and FY2025 earnings at $0.06 EPS.

Separately, Roth Mkm lowered their target price on American Resources from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Monday.

American Resources Stock Performance

Shares of American Resources stock opened at $0.98 on Wednesday. The firm has a market capitalization of $77.34 million, a P/E ratio of -7.51 and a beta of 0.15. The company has a current ratio of 0.23, a quick ratio of 0.13 and a debt-to-equity ratio of 230.66. The business’s fifty day simple moving average is $0.59 and its 200 day simple moving average is $0.95. American Resources has a 12 month low of $0.41 and a 12 month high of $1.86.

American Resources (NASDAQ:AREC) last posted its earnings results on Monday, August 19th. The company reported ($0.09) EPS 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 quarter in the prior year, the firm posted ($0.01) EPS.

Institutional Trading of American Resources

An institutional investor recently raised its position in American Resources stock. Vanguard Group Inc. increased its position in American Resources Co. (NASDAQ:AREC) by 7.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,988,101 shares of the company’s stock after acquiring an additional 216,800 shares during the quarter. Vanguard Group Inc. owned about 3.77% of American Resources worth $4,213,000 as of its most recent SEC filing. 9.32% of the stock is owned by hedge funds and other institutional investors.

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.