$456.16 Million in Sales Expected for Alliance Resource Partners, L.P. (ARLP) This Quarter

Equities analysts predict that Alliance Resource Partners, L.P. (NASDAQ:ARLP) will post sales of $456.16 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Alliance Resource Partners, L.P.’s earnings, with the highest sales estimate coming in at $467.20 million and the lowest estimate coming in at $435.66 million. Alliance Resource Partners, L.P. reported sales of $439.15 million during the same quarter last year, which indicates a positive year-over-year growth rate of 3.9%. The business is scheduled to issue its next quarterly earnings results on Tuesday, July 25th.

On average, analysts expect that Alliance Resource Partners, L.P. will report full year sales of $456.16 million for the current financial year, with estimates ranging from $1.81 billion to $1.85 billion. For the next fiscal year, analysts anticipate that the company will report sales of $1.75 billion per share, with estimates ranging from $1.70 billion to $1.79 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Alliance Resource Partners, L.P..

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last released its quarterly earnings data on Monday, May 1st. The energy company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.81 by $0.29. Alliance Resource Partners, L.P. had a return on equity of 37.37% and a net margin of 20.05%. The company had revenue of $461.08 million during the quarter, compared to the consensus estimate of $455.55 million. During the same period last year, the company earned $0.36 EPS. Alliance Resource Partners, L.P.’s revenue for the quarter was up 11.7% on a year-over-year basis.

ARLP has been the subject of a number of research analyst reports. ValuEngine cut Alliance Resource Partners, L.P. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research upgraded Alliance Resource Partners, L.P. from a “sell” rating to a “hold” rating in a research note on Monday, April 10th. FBR & Co reiterated an “outperform” rating and issued a $29.00 price target (up from $27.00) on shares of Alliance Resource Partners, L.P. in a research note on Tuesday, May 2nd. Finally, BidaskClub upgraded Alliance Resource Partners, L.P. from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $26.93.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its position in shares of Alliance Resource Partners, L.P. by 11.8% in the first quarter. Goldman Sachs Group Inc. now owns 766,428 shares of the energy company’s stock worth $16,593,000 after buying an additional 80,861 shares in the last quarter. KCG Holdings Inc. raised its position in shares of Alliance Resource Partners, L.P. by 129.2% in the first quarter. KCG Holdings Inc. now owns 21,178 shares of the energy company’s stock worth $459,000 after buying an additional 11,938 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Alliance Resource Partners, L.P. during the first quarter worth $1,611,000. Geode Capital Management LLC raised its position in shares of Alliance Resource Partners, L.P. by 15.4% in the first quarter. Geode Capital Management LLC now owns 101,391 shares of the energy company’s stock worth $2,194,000 after buying an additional 13,513 shares in the last quarter. Finally, Marshall Wace North America L.P. purchased a new position in shares of Alliance Resource Partners, L.P. during the first quarter worth $640,000. 26.35% of the stock is currently owned by institutional investors and hedge funds.

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Alliance Resource Partners, L.P. (NASDAQ ARLP) traded up 2.91% during midday trading on Friday, reaching $19.45. The company had a trading volume of 260,089 shares. Alliance Resource Partners, L.P. has a 1-year low of $15.50 and a 1-year high of $26.65.

Alliance Resource Partners, L.P. Company Profile

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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