Wall Street analysts forecast that Alliance Resource Partners, L.P. (NASDAQ:ARLP) will report earnings per share of $0.53 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Alliance Resource Partners’ earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.50. Alliance Resource Partners reported earnings per share of $1.10 in the same quarter last year, which would suggest a negative year-over-year growth rate of 51.8%. The business is scheduled to report its next earnings report before the market opens on Monday, April 30th.
On average, analysts expect that Alliance Resource Partners will report full-year earnings of $2.21 per share for the current fiscal year, with EPS estimates ranging from $2.14 to $2.28. For the next fiscal year, analysts expect that the company will report earnings of $2.04 per share, with EPS estimates ranging from $1.75 to $2.27. 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.
Alliance Resource Partners (NASDAQ:ARLP) last announced its earnings results on Monday, January 29th. The energy company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 the consensus estimate of $478.15 million. During the same period in the prior 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.
Shares of ARLP traded down $0.25 during mid-day trading on Monday, hitting $16.60. 420,771 shares of the company’s stock were exchanged, compared to its average volume of 362,615. Alliance Resource Partners has a 52 week low of $16.50 and a 52 week high of $23.45. The stock has a market capitalization of $2,202.36, a PE ratio of 5.78 and a beta of 0.74. The company has a current ratio of 0.97, a quick ratio of 0.76 and a debt-to-equity ratio of 0.41.
Several hedge funds and other institutional investors have recently bought and sold shares of ARLP. Guggenheim Capital LLC boosted its position in shares of Alliance Resource Partners by 322.0% during the 4th quarter. Guggenheim Capital LLC now owns 239,910 shares of the energy company’s stock worth $4,726,000 after acquiring an additional 183,065 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Alliance Resource Partners during the 4th quarter worth approximately $3,546,000. Deutsche Bank AG boosted its position in shares of Alliance Resource Partners by 64.2% during the 4th quarter. Deutsche Bank AG now owns 295,653 shares of the energy company’s stock worth $5,824,000 after acquiring an additional 115,599 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Alliance Resource Partners by 12.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 843,816 shares of the energy company’s stock worth $15,738,000 after acquiring an additional 94,379 shares in the last quarter. Finally, Rational Advisors LLC acquired a new stake in shares of Alliance Resource Partners during the 4th quarter worth approximately $1,806,000. Institutional investors and hedge funds own 14.35% of the company’s stock.
Alliance Resource Partners 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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