Brokerages Anticipate Alliance Resource Partners, L.P. (ARLP) Will Post Earnings of $0.73 Per Share

Equities research analysts expect that Alliance Resource Partners, L.P. (NASDAQ:ARLP) will announce earnings of $0.73 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Alliance Resource Partners’ earnings, with estimates ranging from $0.70 to $0.78. Alliance Resource Partners posted earnings of $0.52 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 40.4%. The firm is scheduled to report 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 year, with EPS estimates ranging from $3.27 to $3.40. For the next year, analysts anticipate that the firm will post earnings of $2.26 per share, with EPS estimates ranging from $2.02 to $2.48. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow Alliance Resource Partners.

Alliance Resource Partners (NASDAQ:ARLP) last announced its quarterly earnings results on Monday, July 30th. The energy company reported $0.64 earnings per share for the quarter, hitting the consensus estimate of $0.64. Alliance Resource Partners had a net margin of 19.77% and a return on equity of 24.78%. The company had revenue of $516.10 million for the quarter, compared to analysts’ expectations of $491.55 million. During the same quarter in the previous year, the business posted $0.82 earnings per share. Alliance Resource Partners’s quarterly revenue was up 29.4% on a year-over-year basis.

Several equities research analysts recently weighed in on ARLP shares. Zacks Investment Research cut shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. BidaskClub cut shares of Alliance Resource Partners from a “hold” rating to a “sell” rating in a research report on Thursday, June 21st. ValuEngine upgraded shares of Alliance Resource Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Finally, MKM Partners upgraded shares of Alliance Resource Partners from a “neutral” rating to a “buy” rating in a research report on Friday, June 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $24.50.

In other news, Director Nick Carter acquired 2,219 shares of the business’s stock in a transaction on Wednesday, August 8th. The shares were acquired at an average price of $19.85 per share, for a total transaction of $44,047.15. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $397,000. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 44.03% of the company’s stock.

A number of hedge funds have recently bought and sold shares of ARLP. Wells Fargo & Company MN increased its position in Alliance Resource Partners by 9.2% during the first quarter. Wells Fargo & Company MN now owns 204,929 shares of the energy company’s stock valued at $3,617,000 after acquiring an additional 17,349 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Alliance Resource Partners by 77.5% during the first quarter. PNC Financial Services Group Inc. now owns 26,566 shares of the energy company’s stock valued at $470,000 after acquiring an additional 11,602 shares during the last quarter. Hsbc Holdings PLC increased its position in Alliance Resource Partners by 68.1% during the first quarter. Hsbc Holdings PLC now owns 34,797 shares of the energy company’s stock valued at $614,000 after acquiring an additional 14,100 shares during the last quarter. Van ECK Associates Corp increased its position in Alliance Resource Partners by 2.1% during the first quarter. Van ECK Associates Corp now owns 154,894 shares of the energy company’s stock valued at $2,734,000 after acquiring an additional 3,235 shares during the last quarter. Finally, UBS Group AG increased its position in Alliance Resource Partners by 490.0% during the first quarter. UBS Group AG now owns 78,572 shares of the energy company’s stock valued at $1,387,000 after acquiring an additional 65,254 shares during the last quarter. Institutional investors and hedge funds own 28.96% of the company’s stock.

ARLP traded down $0.10 during trading hours on Friday, hitting $20.10. The company’s stock had a trading volume of 6,626 shares, compared to its average volume of 322,980. Alliance Resource Partners has a 12 month low of $15.55 and a 12 month high of $21.90. The stock has a market capitalization of $2.65 billion, a PE ratio of 7.07 and a beta of 0.78. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.15.

Alliance Resource Partners announced that its Board of Directors has authorized a stock repurchase program on Thursday, May 31st that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the energy company to reacquire up to 3.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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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