Analysts Expect Alliance Resource Partners, L.P. (ARLP) Will Announce Earnings of $0.73 Per Share
Equities research analysts forecast that Alliance Resource Partners, L.P. (NASDAQ:ARLP) will announce earnings of $0.73 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Alliance Resource Partners’ earnings, with the highest EPS estimate coming in at $0.78 and the lowest estimate coming in at $0.70. Alliance Resource Partners posted earnings per share of $0.52 during the same quarter last year, which would indicate a positive year-over-year growth rate of 40.4%. The company is scheduled to issue its next earnings report on Monday, October 29th.
On average, analysts expect that Alliance Resource Partners will report full-year earnings of $3.33 per share for the current financial year, with EPS estimates ranging from $3.28 to $3.40. For the next financial year, analysts forecast that the company will post earnings of $2.33 per share, with EPS estimates ranging from $2.02 to $2.49. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Alliance Resource Partners.
Alliance Resource Partners (NASDAQ:ARLP) last announced its quarterly earnings results on Monday, July 30th. The energy company reported $0.64 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.64. The business had revenue of $516.10 million for the quarter, compared to analyst estimates of $491.55 million. Alliance Resource Partners had a return on equity of 24.78% and a net margin of 19.77%. Alliance Resource Partners’s quarterly revenue was up 29.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 EPS.
ARLP stock traded down $0.25 during trading on Monday, hitting $19.86. The company had a trading volume of 456,658 shares, compared to its average volume of 399,510. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.15 and a quick ratio of 0.90. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 6.92 and a beta of 0.79. Alliance Resource Partners has a fifty-two week low of $15.55 and a fifty-two week high of $21.90.
In other Alliance Resource Partners news, Director Nick Carter acquired 2,219 shares of Alliance Resource Partners stock in a transaction on Wednesday, August 8th. The shares were bought 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 in the company, valued at $397,000. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 44.03% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the business. Tiedemann Advisors LLC boosted its stake in Alliance Resource Partners by 66.5% in the second quarter. Tiedemann Advisors LLC now owns 230,152 shares of the energy company’s stock worth $4,224,000 after purchasing an additional 91,905 shares in the last quarter. OppenheimerFunds Inc. acquired a new position in Alliance Resource Partners in the second quarter worth $7,584,000. Bank of Montreal Can boosted its stake in Alliance Resource Partners by 64.3% in the second quarter. Bank of Montreal Can now owns 1,047,600 shares of the energy company’s stock worth $19,223,000 after purchasing an additional 410,000 shares in the last quarter. First Manhattan Co. boosted its stake in Alliance Resource Partners by 40.9% in the second quarter. First Manhattan Co. now owns 581,218 shares of the energy company’s stock worth $10,665,000 after purchasing an additional 168,579 shares in the last quarter. Finally, Gabelli Funds LLC acquired a new position in Alliance Resource Partners in the second quarter worth $922,000. 28.96% of the stock is currently owned by institutional investors.
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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