Equities analysts expect Alliance Resource Partners, L.P. (NASDAQ:ARLP) to post $0.76 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Alliance Resource Partners’ earnings, with the lowest EPS estimate coming in at $0.75 and the highest estimate coming in at $0.77. Alliance Resource Partners reported earnings per share of $0.55 during the same quarter last year, which suggests a positive year-over-year growth rate of 38.2%. The company is scheduled to report its next quarterly earnings report on Monday, February 4th.
According to Zacks, analysts expect that Alliance Resource Partners will report full year earnings of $3.27 per share for the current year, with EPS estimates ranging from $3.10 to $3.40. For the next year, analysts anticipate that the company will post earnings of $2.51 per share, with EPS estimates ranging from $2.02 to $2.96. Zacks’ EPS calculations are an average based on a survey of research firms that cover Alliance Resource Partners.
Alliance Resource Partners (NASDAQ:ARLP) last announced its quarterly earnings data on Monday, October 29th. The energy company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.20). Alliance Resource Partners had a net margin of 19.96% and a return on equity of 25.50%. The business had revenue of $497.80 million for the quarter, compared to the consensus estimate of $506.23 million. During the same period in the prior year, the company earned $0.52 EPS. Alliance Resource Partners’s quarterly revenue was up 9.8% on a year-over-year basis.
A number of brokerages recently weighed in on ARLP. ValuEngine raised shares of Alliance Resource Partners from a “sell” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research downgraded shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a research report on Thursday. TheStreet upgraded shares of Alliance Resource Partners from a “c+” rating to a “b” rating in a research report on Monday. Finally, BidaskClub upgraded shares of Alliance Resource Partners from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 21st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $23.40.
Shares of NASDAQ:ARLP traded up $0.10 during trading on Thursday, reaching $19.29. 640,200 shares of the company’s stock traded hands, compared to its average volume of 420,188. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.34. Alliance Resource Partners has a 12 month low of $15.55 and a 12 month high of $21.90. The company has a market cap of $2.46 billion, a PE ratio of 6.72 and a beta of 0.79.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 14th. Shareholders of record on Wednesday, November 7th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 10.89%. The ex-dividend date is Tuesday, November 6th. Alliance Resource Partners’s dividend payout ratio (DPR) is 72.47%.
In other news, Director Nick Carter bought 2,219 shares of the firm’s stock in a transaction on Wednesday, August 8th. The stock was purchased at an average price of $19.85 per share, for a total transaction of $44,047.15. Following the transaction, the director now owns 20,000 shares in the company, valued at $397,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 44.03% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. OppenheimerFunds Inc. bought a new position in Alliance Resource Partners in the 2nd quarter worth about $7,584,000. Tiedemann Advisors LLC grew its position in Alliance Resource Partners by 66.5% in the 2nd quarter. Tiedemann Advisors LLC now owns 230,152 shares of the energy company’s stock worth $4,224,000 after purchasing an additional 91,905 shares during the last quarter. Bank of Montreal Can grew its position in Alliance Resource Partners by 64.3% in the 2nd quarter. Bank of Montreal Can now owns 1,047,600 shares of the energy company’s stock worth $19,223,000 after purchasing an additional 410,000 shares during the last quarter. Morgan Stanley grew its position in Alliance Resource Partners by 92.9% in the 2nd quarter. Morgan Stanley now owns 2,085,152 shares of the energy company’s stock worth $38,263,000 after purchasing an additional 1,004,474 shares during the last quarter. Finally, First Manhattan Co. grew its position in Alliance Resource Partners by 40.9% in the 2nd quarter. First Manhattan Co. now owns 581,218 shares of the energy company’s stock worth $10,665,000 after purchasing an additional 168,579 shares during the last quarter. Hedge funds and other institutional investors own 29.16% of the company’s stock.
Alliance Resource Partners Company Profile
Alliance Resource Partners, L.P. produces and markets coal primarily to utilities and industrial users in the United States. The company operates through two segments, Illinois Basin and Appalachia. It produces a range of steam and metallurgical coal with sulfur and heat contents. The company operates eight underground mining complexes in Illinois, Indiana, Kentucky, Maryland, and West Virginia.
Featured Story: Outstanding Shares and The Effect on Share Price
Get a free copy of the Zacks research report on Alliance Resource Partners (ARLP)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Alliance Resource Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliance Resource Partners and related companies with MarketBeat.com's FREE daily email newsletter.