ARQ (ARQ) Projected to Post Earnings on Wednesday

by · The Cerbat Gem

ARQ (NASDAQ:ARQ – Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, May 7th. Analysts expect the company to announce earnings of ($0.03) per share and revenue of $26.90 million for the quarter.

ARQ (NASDAQ:ARQ – Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.03). ARQ had a negative return on equity of 0.25% and a negative net margin of 0.44%. The business had revenue of $27.04 million during the quarter, compared to the consensus estimate of $28.34 million. During the same quarter in the previous year, the business earned $0.14 EPS. On average, analysts expect ARQ to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ARQ Stock Up 11.0 %

ARQ stock opened at $4.23 on Monday. The company has a market capitalization of $178.57 million, a P/E ratio of -423.00 and a beta of 1.51. The company has a quick ratio of 2.28, a current ratio of 2.89 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average price of $4.24 and a 200-day moving average price of $5.79. ARQ has a twelve month low of $3.34 and a twelve month high of $8.17.

Insider Buying and Selling

In related news, CTO Joseph M. Wong sold 6,596 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $4.68, for a total value of $30,869.28. Following the completion of the sale, the chief technology officer now owns 354,790 shares in the company, valued at approximately $1,660,417.20. The trade was a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders sold 20,588 shares of company stock worth $96,352. 26.87% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Canaccord Genuity Group dropped their price objective on ARQ from $10.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, February 11th.

Read Our Latest Stock Report on ARQ

ARQ Company Profile

(Get Free Report)

Arq, Inc is a holding company. It engages in the provision of environmental and emission control equipment to the power generation industry. The company operates through the following Segments: Refined Coal and Advanced Purification Technologies. The Refined Coal segment includes the Tinuum Group, Tinuum Services, and GWN Manager.

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