What is B. Riley’s Estimate for AMR FY2024 Earnings?

Alpha Metallurgical Resources, Inc. (NYSE:AMR) – Equities research analysts at B. Riley increased their FY2024 earnings estimates for Alpha Metallurgical Resources in a research report issued on Monday, November 4th. B. Riley analyst L. Pipes now anticipates that the energy company will post earnings of $18.02 per share for the year, up from their prior forecast of $17.89. B. Riley currently has a “Buy” rating and a $336.00 target price 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 released its earnings results on Friday, November 1st. The energy company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($1.31). Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The business had revenue of $671.90 million during the quarter, compared to analysts’ expectations of $672.95 million. During the same quarter in the previous year, the company earned $6.65 EPS. Alpha Metallurgical Resources’s revenue for the quarter was down 9.4% on a year-over-year basis.

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

Alpha Metallurgical Resources Price Performance

Shares of AMR opened at $222.98 on Wednesday. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 8.18 and a beta of 1.33. Alpha Metallurgical Resources has a fifty-two week low of $185.00 and a fifty-two week high of $452.00. The business’s 50-day moving average is $216.30 and its 200-day moving average is $265.99.

Institutional Investors Weigh In On Alpha Metallurgical Resources

Several institutional investors and hedge funds have recently modified their holdings of AMR. Creative Planning boosted its holdings in Alpha Metallurgical Resources by 2.9% in the second quarter. Creative Planning now owns 1,529 shares of the energy company’s stock worth $429,000 after purchasing an additional 43 shares in the last quarter. Lindenwold Advisors INC lifted its position in shares of Alpha Metallurgical Resources by 2.9% in the first quarter. Lindenwold Advisors INC now owns 1,541 shares of the energy company’s stock worth $510,000 after buying an additional 44 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its stake in shares of Alpha Metallurgical Resources by 0.6% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 7,823 shares of the energy company’s stock worth $2,195,000 after acquiring an additional 47 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Alpha Metallurgical Resources by 1.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 4,876 shares of the energy company’s stock worth $1,368,000 after acquiring an additional 48 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Alpha Metallurgical Resources by 124.6% during the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the energy company’s stock valued at $32,000 after acquiring an additional 76 shares during the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

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.