Analysts Expect Alliance Resource Partners, L.P. (ARLP) to Announce $0.73 EPS

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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 $3.28 to $3.40. For the next year, analysts expect that the firm will post earnings of $2.33 per share, with EPS estimates ranging from $2.02 to $2.49. 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 released its quarterly earnings results on Monday, July 30th. The energy company reported $0.64 earnings per share (EPS) for the quarter, hitting the Zacks’ 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 during the quarter, compared to the consensus estimate of $491.55 million. During the same period in the prior year, the firm earned $0.82 earnings per share. Alliance Resource Partners’s revenue was up 29.4% on a year-over-year basis.

ARLP has been the subject of a number of analyst reports. ValuEngine raised shares of Alliance Resource Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. BidaskClub raised shares of Alliance Resource Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Finally, Zacks Investment Research raised shares of Alliance Resource Partners from a “hold” rating to a “strong-buy” rating and set a $23.00 target price for the company in a research note on Monday, August 6th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Alliance Resource Partners has an average rating of “Buy” and a consensus target price of $24.50.

In other Alliance Resource Partners news, Director Nick Carter bought 2,219 shares of the firm’s stock in a transaction on Wednesday, August 8th. The stock was acquired at an average price of $19.85 per share, with a total value of $44,047.15. Following the completion of the purchase, the director now owns 20,000 shares of the company’s stock, valued at $397,000. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 44.03% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the company. Morgan Stanley grew its holdings in shares of Alliance Resource Partners by 92.9% during the second quarter. Morgan Stanley now owns 2,085,152 shares of the energy company’s stock valued at $38,263,000 after buying an additional 1,004,474 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Alliance Resource Partners by 34.6% during the third quarter. Bank of Montreal Can now owns 1,409,614 shares of the energy company’s stock valued at $28,756,000 after buying an additional 362,014 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Alliance Resource Partners by 487.9% during the second quarter. Wells Fargo & Company MN now owns 1,204,839 shares of the energy company’s stock valued at $22,109,000 after buying an additional 999,910 shares during the last quarter. FMR LLC grew its holdings in shares of Alliance Resource Partners by 0.7% during the second quarter. FMR LLC now owns 836,100 shares of the energy company’s stock valued at $15,342,000 after buying an additional 5,700 shares during the last quarter. Finally, First Manhattan Co. grew its holdings in shares of Alliance Resource Partners by 40.9% during the second quarter. First Manhattan Co. now owns 581,218 shares of the energy company’s stock valued at $10,665,000 after buying an additional 168,579 shares during the last quarter. Hedge funds and other institutional investors own 28.96% of the company’s stock.

Shares of NASDAQ ARLP traded down $0.25 on Monday, reaching $19.86. 456,658 shares of the company’s stock traded hands, compared to its average volume of 399,510. Alliance Resource Partners has a 12 month low of $15.55 and a 12 month high of $21.90. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 6.92 and a beta of 0.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.15.

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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