Brokerages Expect Alliance Resource Partners, L.P. (ARLP) Will Announce Quarterly Sales of $452.02 Million

Brokerages expect Alliance Resource Partners, L.P. (NASDAQ:ARLP) to post sales of $452.02 million for the current quarter, Zacks reports. Three analysts have made estimates for Alliance Resource Partners’ earnings, with the highest sales estimate coming in at $456.80 million and the lowest estimate coming in at $448.80 million. Alliance Resource Partners reported sales of $461.08 million in the same quarter last year, which indicates a negative year-over-year growth rate of 2%. The business is expected to announce its next quarterly earnings results before the market opens on Monday, April 30th.

According to Zacks, analysts expect that Alliance Resource Partners will report full year sales of $452.02 million for the current financial year, with estimates ranging from $1.82 billion to $1.86 billion. For the next year, analysts anticipate that the firm will post sales of $1.83 billion per share, with estimates ranging from $1.76 billion to $1.91 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Alliance Resource Partners.

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Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings data on Monday, January 29th. The energy company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). Alliance Resource Partners had a return on equity of 26.79% and a net margin of 16.90%. The business had revenue of $483.00 million for the quarter, compared to analyst estimates of $478.15 million. During the same period in the previous year, the business posted $1.30 earnings per share. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year.

A number of brokerages recently commented on ARLP. BidaskClub upgraded Alliance Resource Partners from a “strong sell” rating to a “sell” rating in a report on Saturday, March 24th. Zacks Investment Research upgraded Alliance Resource Partners from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Friday, February 2nd. ValuEngine cut Alliance Resource Partners from a “buy” rating to a “hold” rating in a report on Friday, February 9th. B. Riley restated a “buy” rating and set a $30.00 target price on shares of Alliance Resource Partners in a report on Tuesday, January 30th. Finally, Stifel Nicolaus set a $22.00 target price on Alliance Resource Partners and gave the company a “hold” rating in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $26.25.

Alliance Resource Partners stock traded down $0.10 during midday trading on Wednesday, reaching $16.85. 177,812 shares of the stock traded hands, compared to its average volume of 289,368. Alliance Resource Partners has a 12-month low of $16.75 and a 12-month high of $23.45. The stock has a market capitalization of $2,215.43, a price-to-earnings ratio of 5.87 and a beta of 0.74. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.97 and a quick ratio of 0.76.

Institutional investors have recently made changes to their positions in the stock. Advantage Investment Management LLC boosted its stake in shares of Alliance Resource Partners by 1,441.2% in the 4th quarter. Advantage Investment Management LLC now owns 5,317 shares of the energy company’s stock valued at $105,000 after buying an additional 4,972 shares during the period. TCI Wealth Advisors Inc. boosted its stake in shares of Alliance Resource Partners by 66.0% in the 4th quarter. TCI Wealth Advisors Inc. now owns 6,638 shares of the energy company’s stock valued at $131,000 after buying an additional 2,638 shares during the period. Tower Research Capital LLC TRC purchased a new position in shares of Alliance Resource Partners in the 4th quarter valued at about $132,000. Schroder Investment Management Group purchased a new position in shares of Alliance Resource Partners in the 4th quarter valued at about $167,000. Finally, Huntington National Bank purchased a new position in shares of Alliance Resource Partners in the 4th quarter valued at about $188,000. Institutional investors own 14.33% of the company’s stock.

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About Alliance Resource Partners

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

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