Brokerages Anticipate Alliance Resource Partners, L.P. (ARLP) Will Announce Quarterly Sales of $535.60 Million

Wall Street analysts expect that Alliance Resource Partners, L.P. (NASDAQ:ARLP) will announce sales of $535.60 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Alliance Resource Partners’ earnings, with the lowest sales estimate coming in at $523.70 million and the highest estimate coming in at $550.30 million. Alliance Resource Partners reported sales of $483.23 million in the same quarter last year, which would suggest a positive year over year growth rate of 10.8%. The company is expected to issue its next quarterly earnings results on Monday, February 4th.

On average, analysts expect that Alliance Resource Partners will report full year sales of $2.01 billion for the current fiscal year, with estimates ranging from $1.99 billion to $2.02 billion. For the next year, analysts anticipate that the company will post sales of $2.13 billion, with estimates ranging from $2.09 billion to $2.15 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Alliance Resource Partners.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings results on Monday, October 29th. The energy company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.20). Alliance Resource Partners had a return on equity of 25.32% and a net margin of 19.96%. The firm had revenue of $497.80 million for the quarter, compared to the consensus estimate of $506.23 million. During the same quarter in the previous year, the business posted $0.52 EPS. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year.

Several brokerages have recently commented on ARLP. Zacks Investment Research downgraded shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. BidaskClub raised shares of Alliance Resource Partners from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 13th. TheStreet raised shares of Alliance Resource Partners from a “c+” rating to a “b” rating in a research report on Monday, October 29th. Finally, ValuEngine raised shares of Alliance Resource Partners from a “sell” rating to a “hold” rating in a research report on Friday, October 26th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Alliance Resource Partners has an average rating of “Buy” and an average price target of $23.20.

Several hedge funds have recently made changes to their positions in the company. FMR LLC grew its position in Alliance Resource Partners by 0.4% in the 3rd quarter. FMR LLC now owns 839,201 shares of the energy company’s stock valued at $17,120,000 after purchasing an additional 3,101 shares during the period. Commonwealth Equity Services LLC grew its position in Alliance Resource Partners by 29.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 16,478 shares of the energy company’s stock valued at $302,000 after purchasing an additional 3,708 shares during the period. Intrust Bank NA grew its position in Alliance Resource Partners by 36.1% in the 2nd quarter. Intrust Bank NA now owns 14,438 shares of the energy company’s stock valued at $265,000 after purchasing an additional 3,831 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Alliance Resource Partners by 9.9% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 57,429 shares of the energy company’s stock valued at $1,172,000 after purchasing an additional 5,184 shares during the period. Finally, Whittier Trust Co. acquired a new stake in Alliance Resource Partners in the 3rd quarter valued at $146,000. 29.38% of the stock is owned by institutional investors.

Alliance Resource Partners stock traded down $0.06 during mid-day trading on Monday, hitting $19.65. 376,469 shares of the stock were exchanged, compared to its average volume of 389,293. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 1.13. Alliance Resource Partners has a 12 month low of $15.55 and a 12 month high of $21.90. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 6.85 and a beta of 0.79.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 14th. Stockholders of record on Wednesday, November 7th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 10.69%. The ex-dividend date of this dividend was Tuesday, November 6th. Alliance Resource Partners’s dividend payout ratio (DPR) is 73.17%.

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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