Wall Street analysts forecast that Alliance Resource Partners, L.P. (NASDAQ:ARLP) will post sales of $523.66 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Alliance Resource Partners’ earnings. The lowest sales estimate is $502.80 million and the highest is $536.97 million. Alliance Resource Partners posted sales of $457.12 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 14.6%. The company is scheduled to report its next quarterly earnings report on Monday, April 29th.
On average, analysts expect that Alliance Resource Partners will report full-year sales of $2.16 billion for the current financial year, with estimates ranging from $2.15 billion to $2.16 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.11 billion, with estimates ranging from $2.10 billion to $2.13 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Alliance Resource Partners.
Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings results on Monday, January 28th. The energy company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.39). Alliance Resource Partners had a return on equity of 26.19% and a net margin of 18.30%. The firm had revenue of $531.80 million for the quarter, compared to analysts’ expectations of $538.50 million. During the same period in the prior year, the firm posted $0.55 earnings per share. Alliance Resource Partners’s revenue for the quarter was up 10.1% on a year-over-year basis.
A number of institutional investors have recently added to or reduced their stakes in ARLP. Acima Private Wealth LLC bought a new stake in shares of Alliance Resource Partners in the 4th quarter valued at about $69,000. Whittier Trust Co. bought a new stake in shares of Alliance Resource Partners in the 3rd quarter valued at about $146,000. Penserra Capital Management LLC bought a new stake in shares of Alliance Resource Partners in the 4th quarter valued at about $173,000. Moody Aldrich Partners LLC bought a new stake in shares of Alliance Resource Partners in the 3rd quarter valued at about $248,000. Finally, CLS Investments LLC bought a new stake in shares of Alliance Resource Partners in the 3rd quarter valued at about $363,000. 29.12% of the stock is owned by institutional investors.
Alliance Resource Partners stock traded up $0.11 during trading hours on Monday, hitting $18.92. The company had a trading volume of 198,981 shares, compared to its average volume of 484,453. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 7.75 and a beta of 1.01. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 0.85. Alliance Resource Partners has a 1 year low of $15.55 and a 1 year high of $20.99.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 14th. Shareholders of record on Thursday, February 7th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 11.21%. This is a boost from Alliance Resource Partners’s previous quarterly dividend of $0.53. The ex-dividend date is Wednesday, February 6th. Alliance Resource Partners’s payout ratio is 86.89%.
About Alliance Resource Partners
Alliance Resource Partners LP produces and markets coal to United States utilities and industrial users. It operates through the following segments: Illinois Basin, Appalachia, and Other and Corporate. The Illinois Basin segment is comprised of Webster County coal’s Dotiki mining complex, Gibson mining complex, which includes the Gibson north mine and the Gibson south project, Hopkins County coal’s Elk Creek mining complex, White County coal’s Pattiki mining complex, Warrior’s mining complex, River View’s mining complex, the Sebree property and certain properties of Alliance Resource Properties and ARP Sebree LLC.
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