Analysts Anticipate Natural Resource Partners LP (NRP) Will Post Quarterly Sales of $87.98 Million
Wall Street analysts expect that Natural Resource Partners LP (NYSE:NRP) will report sales of $87.98 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Natural Resource Partners’ earnings, with the highest sales estimate coming in at $89.00 million and the lowest estimate coming in at $86.96 million. Natural Resource Partners reported sales of $88.11 million in the same quarter last year, which suggests a negative year over year growth rate of 0.1%. The business is scheduled to report its next quarterly earnings results on Monday, March 5th.
According to Zacks, analysts expect that Natural Resource Partners will report full year sales of $87.98 million for the current year, with estimates ranging from $359.43 million to $365.90 million. For the next financial year, analysts expect that the business will post sales of $357.73 million per share, with estimates ranging from $354.55 million to $360.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Natural Resource Partners.
Several equities research analysts have commented on NRP shares. BidaskClub lowered Natural Resource Partners from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. ValuEngine lowered Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded Natural Resource Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Natural Resource Partners in a research note on Friday, October 13th.
Natural Resource Partners (NYSE:NRP) traded up $0.15 during trading hours on Friday, reaching $24.75. The company’s stock had a trading volume of 24,407 shares, compared to its average volume of 58,112. Natural Resource Partners has a 52 week low of $22.81 and a 52 week high of $45.60. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 3.12. The stock has a market cap of $302.74, a price-to-earnings ratio of 12.25 and a beta of 0.70.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 7.27%. The ex-dividend date was Monday, November 6th. Natural Resource Partners’s dividend payout ratio is currently 72.00%.
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About Natural Resource Partners
Natural Resource Partners L.P. owns, operates, manages and leases a portfolio of mineral properties in the United States, including interests in coal, trona and soda ash, construction aggregates and other natural resources. Coal Royalty and Other segment consists primarily of coal royalty and coal related transportation and processing assets.
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