Equities analysts expect Alliance Resource Partners, L.P. (NASDAQ:ARLP) to announce $0.58 earnings per share for the current quarter, according to Zacks. Four analysts have made estimates for Alliance Resource Partners, L.P.’s earnings, with the highest EPS estimate coming in at $0.65 and the lowest estimate coming in at $0.43. Alliance Resource Partners, L.P. reported earnings per share of $0.91 in the same quarter last year, which indicates a negative year over year growth rate of 36.3%. The business is scheduled to announce its next quarterly earnings results on Friday, October 27th.

According to Zacks, analysts expect that Alliance Resource Partners, L.P. will report full-year earnings of $2.88 per share for the current financial year, with EPS estimates ranging from $2.76 to $3.01. For the next fiscal year, analysts expect that the company will report earnings of $1.74 per share, with EPS estimates ranging from $1.15 to $2.30. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Alliance Resource Partners, L.P..

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last announced its earnings results on Monday, July 31st. The energy company reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.09. The firm had revenue of $398.72 million during the quarter, compared to analysts’ expectations of $447.68 million. Alliance Resource Partners, L.P. had a return on equity of 34.60% and a net margin of 19.47%. The company’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.82 EPS.

Several equities research analysts recently commented on ARLP shares. FBR & Co reaffirmed an “outperform” rating and issued a $29.00 price target (up previously from $27.00) on shares of Alliance Resource Partners, L.P. in a report on Tuesday, May 2nd. BidaskClub raised Alliance Resource Partners, L.P. from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. Zacks Investment Research cut Alliance Resource Partners, L.P. from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, ValuEngine cut Alliance Resource Partners, L.P. from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $26.93.

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Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) traded up 1.64% during trading on Friday, hitting $18.60. The stock had a trading volume of 326,210 shares. Alliance Resource Partners, L.P. has a 52-week low of $18.15 and a 52-week high of $26.65. The firm’s 50-day moving average is $19.68 and its 200 day moving average is $21.64.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, August 7th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 10.75%. This is a positive change from Alliance Resource Partners, L.P.’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, August 3rd. Alliance Resource Partners, L.P.’s dividend payout ratio is presently 48.43%.

In other Alliance Resource Partners, L.P. news, Director John P. Neafsey acquired 10,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was bought at an average cost of $19.55 per share, for a total transaction of $195,500.00. Following the completion of the transaction, the director now owns 51,604 shares of the company’s stock, valued at approximately $1,008,858.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 44.03% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of ARLP. Steinberg Global Asset Management raised its position in shares of Alliance Resource Partners, L.P. by 13.7% in the first quarter. Steinberg Global Asset Management now owns 19,191 shares of the energy company’s stock valued at $415,000 after buying an additional 2,307 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Alliance Resource Partners, L.P. by 386.7% in the first quarter. Wells Fargo & Company MN now owns 168,938 shares of the energy company’s stock valued at $3,658,000 after buying an additional 134,229 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Alliance Resource Partners, L.P. by 4.1% in the first quarter. Acadian Asset Management LLC now owns 1,258,187 shares of the energy company’s stock valued at $27,241,000 after buying an additional 49,986 shares during the last quarter. Global X Management Co. LLC raised its position in shares of Alliance Resource Partners, L.P. by 3.8% in the first quarter. Global X Management Co. LLC now owns 15,801 shares of the energy company’s stock valued at $342,000 after buying an additional 579 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Alliance Resource Partners, L.P. by 5.9% in the first quarter. Russell Investments Group Ltd. now owns 133,875 shares of the energy company’s stock valued at $2,899,000 after buying an additional 7,447 shares during the last quarter. Institutional investors own 26.25% of the company’s stock.

About Alliance Resource Partners, L.P.

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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Earnings History and Estimates for Alliance Resource Partners, L.P. (NASDAQ:ARLP)

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