Alliance Holdings GP, L.P. Plans Quarterly Dividend of $0.81 (AHGP)
Alliance Holdings GP, L.P. (NASDAQ:AHGP) announced a quarterly dividend on Monday, October 28th, Analyst Ratings Network reports. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.8075 per share on Tuesday, November 19th. This represents a $3.23 annualized dividend and a dividend yield of 5.50%.
On the ratings front, analysts at Zacks downgraded shares of Alliance Holdings GP, L.P. from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, September 30th. They now have a $68.50 price target on the stock.
Alliance Holdings GP, L.P. (NASDAQ:AHGP) opened at 58.70 on Monday. Alliance Holdings GP, L.P. has a 52 week low of $43.52 and a 52 week high of $66.27. The stock has a 50-day moving average of $62.72 and a 200-day moving average of $59.04. The company has a market cap of $3.514 billion and a price-to-earnings ratio of 16.47.
Alliance Holdings GP, L.P. (NASDAQ:AHGP) last released its earnings data on Monday, October 28th. The company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by $0.01. The company had revenue of $537.14 million for the quarter, compared to the consensus estimate of $551.30 million. During the same quarter in the previous year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts expect that Alliance Holdings GP, L.P. will post $3.87 EPS for the current fiscal year.
Alliance Holdings GP, L.P. (NASDAQ:AHGP) owns, directly and indirectly, 100% of the members’ interest in Alliance Resource Management GP, LLC (MGP), the managing general partner of Alliance Resource Partners, L.
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