Analysts Anticipate Alliance Resource Partners, L.P. (ARLP) Will Post Earnings of $0.70 Per Share

Analysts expect Alliance Resource Partners, L.P. (NASDAQ:ARLP) to announce earnings per share (EPS) of $0.70 for the current quarter, Zacks reports. Three analysts have issued estimates for Alliance Resource Partners’ earnings, with the lowest EPS estimate coming in at $0.62 and the highest estimate coming in at $0.74. Alliance Resource Partners reported earnings of $0.64 per share during the same quarter last year, which suggests a positive year over year growth rate of 9.4%. The firm is scheduled to announce its next quarterly earnings report on Monday, July 29th.

On average, analysts expect that Alliance Resource Partners will report full-year earnings of $4.14 per share for the current financial year, with EPS estimates ranging from $4.06 to $4.20. For the next fiscal year, analysts anticipate that the business will post earnings of $2.55 per share, with EPS estimates ranging from $2.25 to $2.82. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Alliance Resource Partners.

Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings data on Monday, April 29th. The energy company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.69 by $0.34. Alliance Resource Partners had a return on equity of 31.50% and a net margin of 23.51%. The company had revenue of $526.60 million for the quarter, compared to analyst estimates of $523.00 million. During the same period last year, the company earned $1.16 earnings per share. Alliance Resource Partners’s quarterly revenue was up 15.2% compared to the same quarter last year.

ARLP has been the topic of a number of research analyst reports. Zacks Investment Research raised Alliance Resource Partners from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Thursday, April 25th. BidaskClub downgraded Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 1st. Finally, ValuEngine upgraded Alliance Resource Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $21.50.

A number of large investors have recently bought and sold shares of ARLP. BOKF NA grew its stake in shares of Alliance Resource Partners by 7,304.2% during the fourth quarter. BOKF NA now owns 2,052,364 shares of the energy company’s stock valued at $35,588,000 after acquiring an additional 2,024,645 shares in the last quarter. Magnolia Group LLC raised its holdings in shares of Alliance Resource Partners by 124.5% during the fourth quarter. Magnolia Group LLC now owns 2,478,520 shares of the energy company’s stock worth $42,978,000 after acquiring an additional 1,374,271 shares during the period. Marshall Wace LLP acquired a new stake in shares of Alliance Resource Partners during the third quarter worth $7,969,000. Hartz Capital Inc. acquired a new stake in shares of Alliance Resource Partners during the first quarter worth $7,919,000. Finally, Energy Income Partners LLC raised its holdings in shares of Alliance Resource Partners by 3.9% during the fourth quarter. Energy Income Partners LLC now owns 5,764,835 shares of the energy company’s stock worth $99,963,000 after acquiring an additional 217,096 shares during the period. Institutional investors own 26.75% of the company’s stock.

ARLP traded down $0.17 during trading on Friday, hitting $18.42. The company’s stock had a trading volume of 4,903 shares, compared to its average volume of 480,325. The company has a current ratio of 1.51, a quick ratio of 1.33 and a debt-to-equity ratio of 0.48. Alliance Resource Partners has a twelve month low of $16.50 and a twelve month high of $20.99. The firm has a market cap of $2.39 billion, a P/E ratio of 7.55 and a beta of 0.97.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 8th will be given a $0.535 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $2.14 dividend on an annualized basis and a yield of 11.62%. This is an increase from Alliance Resource Partners’s previous quarterly dividend of $0.53. Alliance Resource Partners’s payout ratio is currently 86.89%.

About Alliance Resource Partners

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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Earnings History and Estimates for Alliance Resource Partners (NASDAQ:ARLP)

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