Zacks: Brokerages Anticipate Alliance Resource Partners, L.P. (NASDAQ:ARLP) Will Post Earnings of $0.71 Per Share

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Analysts predict that Alliance Resource Partners, L.P. (NASDAQ:ARLP) will announce earnings per share of $0.71 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 $0.74 and the lowest estimate coming in at $0.65. Alliance Resource Partners reported earnings per share of $0.64 in the same quarter last year, which suggests a positive year over year growth rate of 10.9%. The company is scheduled 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 financial year, with EPS estimates ranging from $4.17 to $4.20. For the next fiscal year, analysts forecast that the business will report earnings of $2.14 per share, with EPS estimates ranging from $1.60 to $2.57. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Alliance Resource Partners.

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

A number of brokerages recently issued reports on ARLP. BidaskClub downgraded ZIX from a “buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine downgraded Verso from a “hold” rating to a “sell” rating in a research report on Thursday, May 23rd. Clarkson Capital started coverage on Alliance Resource Partners in a research report on Tuesday, July 9th. They issued a “buy” rating and a $20.00 target price for the company. Zacks Investment Research downgraded EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, B. Riley raised Smart Sand from a “neutral” rating to a “buy” rating and lifted their target price for the company from $4.50 to $5.00 in a research report on Wednesday. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. Alliance Resource Partners presently has a consensus rating of “Hold” and a consensus target price of $20.33.

Shares of NASDAQ:ARLP traded down $0.26 during midday trading on Friday, reaching $17.00. 467,600 shares of the company’s stock were exchanged, compared to its average volume of 464,544. The stock has a 50 day moving average price of $17.28. The company has a current ratio of 0.94, a quick ratio of 0.70 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $2.25 billion, a PE ratio of 6.97 and a beta of 0.92. Alliance Resource Partners has a fifty-two week low of $16.50 and a fifty-two week high of $20.99.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARLP. Abacus Planning Group Inc. bought a new stake in Alliance Resource Partners in the fourth quarter worth $246,000. NEXT Financial Group Inc purchased a new position in shares of Alliance Resource Partners in the 2nd quarter valued at approximately $60,000. Valeo Financial Advisors LLC raised its position in shares of Alliance Resource Partners by 185.7% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,525 shares of the energy company’s stock valued at $60,000 after purchasing an additional 2,291 shares during the last quarter. Arlington Partners LLC acquired a new position in Alliance Resource Partners in the 2nd quarter worth approximately $114,000. Finally, Chiron Investment Management LLC grew its stake in shares of Alliance Resource Partners by 19.6% during the 4th quarter. Chiron Investment Management LLC now owns 9,784 shares of the energy company’s stock worth $170,000 after purchasing an additional 1,600 shares during the period. 25.00% of the stock is 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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Earnings History and Estimates for Alliance Resource Partners (NASDAQ:ARLP)

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