Wall Street analysts expect Alliance Resource Partners, L.P. (NASDAQ:ARLP) to announce sales of $535.60 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Alliance Resource Partners’ earnings, with the lowest sales estimate coming in at $523.70 million and the highest estimate coming in at $550.30 million. Alliance Resource Partners reported sales of $483.23 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.8%. The company is expected to report its next quarterly earnings results on Monday, February 4th.
On average, analysts expect that Alliance Resource Partners will report full-year sales of $2.01 billion for the current financial year, with estimates ranging from $1.99 billion to $2.02 billion. For the next fiscal year, analysts anticipate that the company will report sales of $2.13 billion, with estimates ranging from $2.09 billion to $2.15 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Alliance Resource Partners.
Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings data on Monday, October 29th. The energy company reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.20). Alliance Resource Partners had a return on equity of 25.32% and a net margin of 19.96%. The company had revenue of $497.80 million for the quarter, compared to the consensus estimate of $506.23 million. During the same quarter last year, the business earned $0.52 EPS. Alliance Resource Partners’s revenue was up 9.8% on a year-over-year basis.
A number of research firms have commented on ARLP. BidaskClub upgraded Alliance Resource Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Zacks Investment Research upgraded Alliance Resource Partners from a “hold” rating to a “strong-buy” rating and set a $23.00 price target on the stock in a research note on Monday, October 15th. ValuEngine upgraded Alliance Resource Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. Finally, TheStreet upgraded Alliance Resource Partners from a “c+” rating to a “b” rating in a research note on Monday, October 29th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Alliance Resource Partners presently has an average rating of “Buy” and a consensus price target of $23.20.
Alliance Resource Partners stock remained flat at $$19.55 during mid-day trading on Friday. The company’s stock had a trading volume of 397,723 shares, compared to its average volume of 666,095. Alliance Resource Partners has a 12-month low of $15.55 and a 12-month high of $21.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.13. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 6.81 and a beta of 0.79.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 14th. Stockholders of record on Wednesday, November 7th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 10.74%. The ex-dividend date is Tuesday, November 6th. Alliance Resource Partners’s dividend payout ratio is 73.17%.
Large investors have recently made changes to their positions in the company. Whittier Trust Co. acquired a new stake in shares of Alliance Resource Partners in the third quarter worth $146,000. Moody Aldrich Partners LLC purchased a new position in shares of Alliance Resource Partners in the third quarter worth about $248,000. Intrust Bank NA lifted its stake in shares of Alliance Resource Partners by 36.1% in the second quarter. Intrust Bank NA now owns 14,438 shares of the energy company’s stock worth $265,000 after buying an additional 3,831 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Alliance Resource Partners by 29.0% in the second quarter. Commonwealth Equity Services LLC now owns 16,478 shares of the energy company’s stock worth $302,000 after buying an additional 3,708 shares in the last quarter. Finally, Texas Yale Capital Corp. purchased a new position in shares of Alliance Resource Partners in the second quarter worth about $471,000. 29.18% of the stock is currently owned by institutional investors.
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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