Equities analysts predict that Alliance Resource Partners, L.P. (NASDAQ:ARLP) will report $452.52 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Alliance Resource Partners’ earnings, with estimates ranging from $448.80 million to $456.80 million. Alliance Resource Partners reported sales of $461.08 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 1.9%. The firm is expected to announce its next quarterly earnings results on Monday, May 7th.
According to Zacks, analysts expect that Alliance Resource Partners will report full-year sales of $452.52 million for the current fiscal year, with estimates ranging from $1.82 billion to $1.86 billion. For the next year, analysts anticipate that the company will post sales of $1.83 billion per share, with estimates ranging from $1.76 billion to $1.91 billion. Zacks’ sales averages are an average based on a survey of 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.03). The business had revenue of $483.00 million for the quarter, compared to analysts’ expectations of $478.15 million. Alliance Resource Partners had a net margin of 16.90% and a return on equity of 26.77%. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.30 earnings per share.
A number of institutional investors have recently bought and sold shares of the stock. Alliancebernstein L.P. raised its position in Alliance Resource Partners by 5.9% in the 2nd quarter. Alliancebernstein L.P. now owns 10,284 shares of the energy company’s stock worth $194,000 after purchasing an additional 576 shares during the period. QS Investors LLC raised its position in Alliance Resource Partners by 19.3% in the 2nd quarter. QS Investors LLC now owns 13,112 shares of the energy company’s stock worth $248,000 after purchasing an additional 2,117 shares during the period. TCI Wealth Advisors Inc. raised its position in 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 worth $131,000 after purchasing an additional 2,638 shares during the period. Russell Investments Group Ltd. raised its position in Alliance Resource Partners by 2.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 197,964 shares of the energy company’s stock worth $3,831,000 after purchasing an additional 4,772 shares during the period. Finally, Advantage Investment Management LLC raised its position in 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 worth $105,000 after purchasing an additional 4,972 shares during the period. 14.19% of the stock is currently owned by institutional investors.
Shares of Alliance Resource Partners (NASDAQ:ARLP) traded down $0.20 during midday trading on Monday, hitting $18.00. 961,354 shares of the stock traded hands, compared to its average volume of 411,486. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.82 and a quick ratio of 0.53. The stock has a market cap of $2,330.00, a PE ratio of 5.14 and a beta of 0.68. Alliance Resource Partners has a 52-week low of $17.60 and a 52-week high of $24.85.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, February 7th were given a $0.51 dividend. This is a positive change from Alliance Resource Partners’s previous quarterly dividend of $0.51. This represents a $2.04 dividend on an annualized basis and a yield of 11.33%. The ex-dividend date of this dividend was Tuesday, February 6th. Alliance Resource Partners’s dividend payout ratio is 58.29%.
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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