Brokerages forecast that Alliance Resource Partners, L.P. (NASDAQ:ARLP) will post $523.66 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Alliance Resource Partners’ earnings, with estimates ranging from $502.80 million to $536.97 million. Alliance Resource Partners posted sales of $457.12 million during the same quarter last year, which suggests a positive year over year growth rate of 14.6%. The company is expected to report its next earnings report on Monday, April 29th.
On average, analysts expect that Alliance Resource Partners will report full-year sales of $2.16 billion for the current financial year, with estimates ranging from $2.15 billion to $2.16 billion. For the next fiscal year, analysts expect that the firm will report sales of $2.11 billion, with estimates ranging from $2.10 billion to $2.13 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Alliance Resource Partners.
Alliance Resource Partners (NASDAQ:ARLP) last posted its earnings results on Monday, January 28th. The energy company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.39). The business had revenue of $531.80 million for the quarter, compared to the consensus estimate of $538.50 million. Alliance Resource Partners had a return on equity of 26.19% and a net margin of 18.30%. The company’s revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 earnings per share.
Several research analysts recently weighed in on the stock. BidaskClub cut shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 12th. Zacks Investment Research cut shares of Alliance Resource Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 7th. ValuEngine upgraded shares of Alliance Resource Partners from a “sell” rating to a “hold” rating in a report on Friday, October 26th. Finally, TheStreet upgraded shares of Alliance Resource Partners from a “c+” rating to a “b” rating in a report on Monday, October 29th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Alliance Resource Partners currently has an average rating of “Buy” and an average target price of $21.00.
Shares of NASDAQ:ARLP traded up $0.05 during midday trading on Monday, hitting $18.81. 237,508 shares of the company’s stock were exchanged, compared to its average volume of 428,476. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 0.85. The company has a market cap of $2.44 billion, a PE ratio of 7.71 and a beta of 1.01. Alliance Resource Partners has a 12 month low of $15.55 and a 12 month high of $20.99.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 14th. Investors of record on Thursday, February 7th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Wednesday, February 6th. This is a boost from Alliance Resource Partners’s previous quarterly dividend of $0.53. This represents a $2.12 annualized dividend and a yield of 11.27%. Alliance Resource Partners’s payout ratio is 86.89%.
A number of institutional investors have recently added to or reduced their stakes in ARLP. Acima Private Wealth LLC purchased a new position in Alliance Resource Partners during the fourth quarter worth about $69,000. Whittier Trust Co. purchased a new position in Alliance Resource Partners during the third quarter worth about $146,000. Penserra Capital Management LLC purchased a new position in Alliance Resource Partners during the fourth quarter worth about $173,000. Moody Aldrich Partners LLC purchased a new position in Alliance Resource Partners during the third quarter worth about $248,000. Finally, CLS Investments LLC purchased a new position in Alliance Resource Partners during the third quarter worth about $363,000. Institutional investors and hedge funds own 28.97% of the company’s stock.
Alliance Resource Partners Company Profile
Alliance Resource Partners LP produces and markets coal to United States utilities and industrial users. It operates through the following segments: Illinois Basin, Appalachia, and Other and Corporate. The Illinois Basin segment is comprised of Webster County coal’s Dotiki mining complex, Gibson mining complex, which includes the Gibson north mine and the Gibson south project, Hopkins County coal’s Elk Creek mining complex, White County coal’s Pattiki mining complex, Warrior’s mining complex, River View’s mining complex, the Sebree property and certain properties of Alliance Resource Properties and ARP Sebree LLC.
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