Roth Capital Estimates ARQ’s FY2024 Earnings (NASDAQ:ARQ)

Arq, Inc. (NASDAQ:ARQ) – Research analysts at Roth Capital boosted their FY2024 earnings per share (EPS) estimates for shares of ARQ in a report released on Tuesday, November 5th. Roth Capital analyst G. Sweeney now forecasts that the company will earn ($0.11) per share for the year, up from their previous estimate of ($0.12). The consensus estimate for ARQ’s current full-year earnings is ($0.12) per share. Roth Capital also issued estimates for ARQ’s FY2025 earnings at $0.23 EPS, FY2026 earnings at $0.40 EPS and FY2027 earnings at $0.74 EPS.

ARQ (NASDAQ:ARQ) last issued its earnings results on Monday, August 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The firm had revenue of $25.41 million during the quarter, compared to analysts’ expectations of $20.60 million. ARQ had a negative return on equity of 2.38% and a negative net margin of 4.07%. During the same period in the prior year, the company earned ($0.21) EPS.

ARQ Price Performance

Shares of ARQ stock opened at $6.92 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.83 and a current ratio of 2.68. ARQ has a 52-week low of $1.94 and a 52-week high of $8.26. The company has a fifty day moving average of $5.82 and a 200-day moving average of $6.29. The stock has a market capitalization of $252.65 million, a price-to-earnings ratio of -57.66 and a beta of 1.40.

Institutional Investors Weigh In On ARQ

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARQ. The Manufacturers Life Insurance Company bought a new position in ARQ during the 2nd quarter valued at approximately $63,000. Murphy Pohlad Asset Management LLC bought a new position in shares of ARQ during the third quarter valued at approximately $62,000. XTX Topco Ltd purchased a new stake in ARQ in the second quarter worth $64,000. Mraz Amerine & Associates Inc. bought a new stake in ARQ in the third quarter valued at $66,000. Finally, Cubist Systematic Strategies LLC purchased a new position in ARQ during the 2nd quarter valued at $71,000. 18.49% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Robert E. Rasmus bought 25,000 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was bought at an average cost of $5.25 per share, for a total transaction of $131,250.00. Following the acquisition, the chief executive officer now directly owns 450,792 shares of the company’s stock, valued at $2,366,658. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 26.87% of the stock is currently owned by insiders.

About ARQ

Arq, Inc produces activated carbon products in North America. The company's products include granular activated carbon, powdered and granular activated carbon, and colloidal carbon products; Arq Powder Wetcake, a fine and low-ash coal waste-derived particle; and additives for air emissions control.