Brokerages Anticipate Alliance Resource Partners, L.P. (ARLP) Will Announce Earnings of $0.76 Per Share

Analysts expect Alliance Resource Partners, L.P. (NASDAQ:ARLP) to report $0.76 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Alliance Resource Partners, L.P.’s earnings. The highest EPS estimate is $0.91 and the lowest is $0.48. Alliance Resource Partners, L.P. reported earnings per share of $0.36 in the same quarter last year, which would suggest a positive year-over-year growth rate of 111.1%. The business is scheduled to report its next earnings report before the market opens on Monday, May 1st.

On average, analysts expect that Alliance Resource Partners, L.P. will report full year earnings of $2.85 per share for the current fiscal year, with EPS estimates ranging from $2.40 to $3.22. For the next fiscal year, analysts expect that the company will report earnings of $2.25 per share, with EPS estimates ranging from $1.72 to $2.68. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Alliance Resource Partners, L.P..

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last posted its quarterly earnings data on Monday, January 30th. The energy company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.46. Alliance Resource Partners, L.P. had a net margin of 17.57% and a return on equity of 34.39%. The firm had revenue of $527.40 million for the quarter, compared to analyst estimates of $519.22 million. During the same period last year, the firm posted ($0.19) EPS. Alliance Resource Partners, L.P.’s quarterly revenue was down 2.7% on a year-over-year basis.

Several research analysts recently weighed in on the company. FBR & Co raised their target price on Alliance Resource Partners, L.P. from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, January 31st. Hilliard Lyons raised Alliance Resource Partners, L.P. from a “neutral” rating to a “buy” rating and set a $28.00 target price for the company in a report on Wednesday, February 1st. Zacks Investment Research raised Alliance Resource Partners, L.P. from a “sell” rating to a “hold” rating in a report on Monday, April 10th. Finally, Vetr raised Alliance Resource Partners, L.P. from a “buy” rating to a “strong-buy” rating and set a $25.59 target price for the company in a report on Thursday, March 2nd. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $26.93.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) traded up 1.049% during trading on Tuesday, reaching $21.675. 170,021 shares of the company were exchanged. The stock has a market capitalization of $1.62 billion, a PE ratio of 6.399 and a beta of 0.56. The firm’s 50 day moving average is $21.94 and its 200 day moving average is $23.02. Alliance Resource Partners, L.P. has a 52-week low of $13.20 and a 52-week high of $26.65.

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Several large investors have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Alliance Resource Partners, L.P. by 493.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 54,023 shares of the energy company’s stock valued at $1,213,000 after buying an additional 44,927 shares in the last quarter. Energy Income Partners LLC bought a new stake in shares of Alliance Resource Partners, L.P. during the fourth quarter valued at approximately $135,961,000. Allianz Asset Management AG increased its stake in shares of Alliance Resource Partners, L.P. by 20.5% in the fourth quarter. Allianz Asset Management AG now owns 1,600,070 shares of the energy company’s stock valued at $35,922,000 after buying an additional 272,570 shares in the last quarter. Chiron Investment Management LLC bought a new stake in shares of Alliance Resource Partners, L.P. during the fourth quarter valued at approximately $2,938,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Alliance Resource Partners, L.P. during the fourth quarter valued at approximately $2,775,000. 28.48% of the stock is owned by institutional investors and hedge funds.

Alliance Resource Partners, L.P. Company Profile

Alliance Resource Partners, L.P. is a producer and marketer of coal primarily to the United States utilities and industrial users. The Company operates through segments, including Illinois Basin, Appalachia, and Other and Corporate. The Illinois Basin segment consists of various operating segments, including Webster County Coal, LLC’s Dotiki mining complex, Gibson County Coal, LLC’s mining complex, which includes the Gibson North mine and Gibson South mine, Hopkins County Coal, LLC’s mining complex, which includes the Elk Creek mine, the Pleasant View surface mineable reserves and the Fies property, White County Coal, LLC’s, Pattiki mining complex, Warrior Coal, LLC’s mining complex, Sebree Mining, LLC’s mining complex, which includes the Onton mine and River View Coal, LLC mining complex.

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