Equities analysts expect that Alliance Resource Partners, L.P. (NASDAQ:ARLP) will post $0.67 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Alliance Resource Partners’ earnings, with the lowest EPS estimate coming in at $0.54 and the highest estimate coming in at $0.74. Alliance Resource Partners posted earnings per share of $0.64 in the same quarter last year, which suggests a positive year over year growth rate of 4.7%. The company is expected to issue its next quarterly earnings results before the market opens on Friday, July 26th.

According to Zacks, analysts expect that Alliance Resource Partners will report full-year earnings of $4.19 per share for the current fiscal year, with EPS estimates ranging from $4.17 to $4.20. For the next fiscal year, analysts anticipate that the business will post earnings of $2.11 per share, with EPS estimates ranging from $1.51 to $2.57. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Alliance Resource Partners.

Alliance Resource Partners (NASDAQ:ARLP) last posted its earnings results on Monday, April 29th. The energy company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.34. Alliance Resource Partners had a net margin of 23.51% and a return on equity of 30.52%. The business had revenue of $526.60 million for the quarter, compared to analyst estimates of $523.00 million. During the same period in the prior year, the company posted $1.16 EPS. The company’s revenue for the quarter was up 15.2% on a year-over-year basis.

Several research firms recently weighed in on ARLP. ValuEngine downgraded shares of Verso from a “hold” rating to a “sell” rating in a research report on Thursday, May 23rd. Clarkson Capital began coverage on shares of Alliance Resource Partners in a research report on Tuesday, July 9th. They set a “buy” rating and a $20.00 price target for the company. B. Riley upgraded shares of Smart Sand from a “neutral” rating to a “buy” rating and upped their price target for the stock from $4.50 to $5.00 in a research report on Wednesday. BidaskClub downgraded shares of Ames National from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Zacks Investment Research downgraded shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $20.33.

Shares of ARLP stock remained flat at $$16.96 during mid-day trading on Friday. 416,170 shares of the stock traded hands, compared to its average volume of 469,318. The business’s 50-day moving average is $17.27. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.94 and a quick ratio of 0.70. Alliance Resource Partners has a twelve month low of $16.50 and a twelve month high of $20.99. The company has a market cap of $2.18 billion, a P/E ratio of 6.95 and a beta of 0.92.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP acquired a new stake in shares of Alliance Resource Partners during the 4th quarter worth approximately $389,000. LPL Financial LLC grew its stake in shares of Alliance Resource Partners by 33.8% during the 4th quarter. LPL Financial LLC now owns 53,287 shares of the energy company’s stock worth $924,000 after purchasing an additional 13,453 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Alliance Resource Partners by 8.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 28,750 shares of the energy company’s stock worth $498,000 after purchasing an additional 2,184 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of Alliance Resource Partners by 26.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 40,705 shares of the energy company’s stock worth $705,000 after purchasing an additional 8,442 shares during the period. Finally, Hsbc Holdings PLC grew its stake in shares of Alliance Resource Partners by 931.0% during the 4th quarter. Hsbc Holdings PLC now owns 174,948 shares of the energy company’s stock worth $3,033,000 after purchasing an additional 157,980 shares during the period. Hedge funds and other institutional investors own 25.00% of the company’s stock.

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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Earnings History and Estimates for Alliance Resource Partners (NASDAQ:ARLP)

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