Equities analysts expect Alliance Resource Partners, L.P. (NASDAQ:ARLP) to post $0.73 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Alliance Resource Partners’ earnings, with the lowest EPS estimate coming in at $0.70 and the highest estimate coming in at $0.78. Alliance Resource Partners posted earnings of $0.52 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 40.4%. The business is expected to announce its next quarterly earnings results on Monday, October 29th.
According to Zacks, analysts expect that Alliance Resource Partners will report full-year earnings of $3.33 per share for the current year, with EPS estimates ranging from $3.27 to $3.40. For the next year, analysts expect that the firm will post earnings of $2.26 per share, with EPS estimates ranging from $2.02 to $2.48. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Alliance Resource Partners.
Alliance Resource Partners (NASDAQ:ARLP) last issued its earnings results on Monday, July 30th. The energy company reported $0.64 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.64. Alliance Resource Partners had a net margin of 19.77% and a return on equity of 24.78%. The company had revenue of $516.10 million for the quarter, compared to analysts’ expectations of $491.55 million. During the same quarter last year, the company posted $0.82 earnings per share. The firm’s quarterly revenue was up 29.4% on a year-over-year basis.
Several equities research analysts recently issued reports on the stock. BidaskClub upgraded shares of Alliance Resource Partners from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. ValuEngine upgraded shares of Alliance Resource Partners from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Finally, Zacks Investment Research upgraded shares of Alliance Resource Partners from a “hold” rating to a “strong-buy” rating and set a $23.00 target price on the stock in a report on Monday, August 6th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $24.50.
ARLP stock traded down $0.19 on Monday, hitting $20.67. The company had a trading volume of 320,300 shares, compared to its average volume of 399,628. Alliance Resource Partners has a 12-month low of $15.55 and a 12-month high of $21.90. 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 stock has a market capitalization of $2.68 billion, a P/E ratio of 7.20 and a beta of 0.79.
In other Alliance Resource Partners news, Director Nick Carter purchased 2,219 shares of the company’s stock in a transaction dated Wednesday, August 8th. The shares were acquired at an average price of $19.85 per share, for a total transaction of $44,047.15. Following the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $397,000. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 44.03% of the company’s stock.
Several institutional investors have recently modified their holdings of ARLP. Wells Fargo & Company MN boosted its stake in shares of Alliance Resource Partners by 9.2% during the 1st quarter. Wells Fargo & Company MN now owns 204,929 shares of the energy company’s stock worth $3,617,000 after acquiring an additional 17,349 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Alliance Resource Partners by 77.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 26,566 shares of the energy company’s stock worth $470,000 after acquiring an additional 11,602 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of Alliance Resource Partners by 68.1% during the 1st quarter. Hsbc Holdings PLC now owns 34,797 shares of the energy company’s stock worth $614,000 after acquiring an additional 14,100 shares during the last quarter. UBS Group AG boosted its stake in shares of Alliance Resource Partners by 490.0% during the 1st quarter. UBS Group AG now owns 78,572 shares of the energy company’s stock worth $1,387,000 after acquiring an additional 65,254 shares during the last quarter. Finally, Mountain Lake Investment Management LLC purchased a new position in shares of Alliance Resource Partners during the 1st quarter worth $882,000. Institutional investors and hedge funds own 28.96% 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: Dividend Stocks – Are They Right For You?
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.