Equities analysts predict that Alliance Resource Partners, L.P. (NASDAQ:ARLP) will announce $522.54 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Alliance Resource Partners’ earnings, with the lowest sales estimate coming in at $501.30 million and the highest estimate coming in at $550.30 million. Alliance Resource Partners reported sales of $483.23 million during the same quarter last year, which suggests a positive year over year growth rate of 8.1%. The business is scheduled to announce its next earnings report on Monday, February 4th.
On average, analysts expect that Alliance Resource Partners will report full year sales of $2.00 billion for the current financial year, with estimates ranging from $1.98 billion to $2.02 billion. For the next fiscal year, analysts anticipate that the company will post sales of $2.01 billion, with estimates ranging from $1.89 billion to $2.14 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts 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 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $506.23 million. During the same quarter in the previous year, the firm earned $0.52 earnings per share. Alliance Resource Partners’s revenue was up 9.8% on a year-over-year basis.
ARLP has been the topic of several research analyst reports. TheStreet upgraded Alliance Resource Partners from a “c+” rating to a “b” rating in a research report on Monday, October 29th. ValuEngine upgraded Alliance Resource Partners from a “sell” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research downgraded Alliance Resource Partners from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, BidaskClub upgraded Alliance Resource Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $23.40.
In other news, Director Nick Carter bought 2,219 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The shares were bought at an average cost of $19.85 per share, for a total transaction of $44,047.15. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at $397,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 44.03% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. lifted its position in shares of Alliance Resource Partners by 9.9% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 57,429 shares of the energy company’s stock worth $1,172,000 after buying an additional 5,184 shares in the last quarter. Wells Fargo & Company MN increased its stake in Alliance Resource Partners by 2.0% during the third quarter. Wells Fargo & Company MN now owns 1,228,905 shares of the energy company’s stock worth $25,071,000 after acquiring an additional 24,066 shares during the last quarter. Moody Aldrich Partners LLC bought a new stake in Alliance Resource Partners during the third quarter worth approximately $248,000. Alps Advisors Inc. bought a new stake in Alliance Resource Partners during the third quarter worth approximately $506,000. Finally, Whittier Trust Co. bought a new stake in Alliance Resource Partners during the third quarter worth approximately $146,000. Institutional investors own 29.16% of the company’s stock.
Shares of Alliance Resource Partners stock opened at $19.33 on Friday. Alliance Resource Partners has a 52 week low of $15.55 and a 52 week high of $21.90. The stock has a market capitalization of $2.46 billion, a PE ratio of 6.74 and a beta of 0.79. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 14th. Investors of record on Wednesday, November 7th will be given a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 10.86%. Alliance Resource Partners’s dividend payout ratio is currently 72.47%.
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.
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