Brokerages Anticipate Alliance Resource Partners, L.P. (ARLP) Will Post Quarterly Sales of $452.52 Million

Wall Street brokerages predict that Alliance Resource Partners, L.P. (NASDAQ:ARLP) will announce $452.52 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Alliance Resource Partners’ earnings. The highest sales estimate is $456.80 million and the lowest is $448.80 million. Alliance Resource Partners posted sales of $461.08 million in the same quarter last year, which suggests a negative year-over-year growth rate of 1.9%. The firm is scheduled to report its next earnings report on Monday, May 7th.

According to Zacks, analysts expect that Alliance Resource Partners will report full-year sales of $452.52 million for the current fiscal year, with estimates ranging from $1.82 billion to $1.86 billion. For the next year, analysts anticipate that the firm will report sales of $1.83 billion per share, with estimates ranging from $1.76 billion to $1.91 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Alliance Resource Partners.

Alliance Resource Partners (NASDAQ:ARLP) last posted its earnings results on Monday, January 29th. The energy company reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03). The company had revenue of $483.00 million for the quarter, compared to the consensus estimate of $478.15 million. Alliance Resource Partners had a net margin of 16.90% and a return on equity of 26.77%. Alliance Resource Partners’s revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.30 EPS.

Several research firms have issued reports on ARLP. B. Riley restated a “buy” rating on shares of Alliance Resource Partners in a research note on Wednesday, November 1st. BidaskClub upgraded shares of Alliance Resource Partners from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 19th. Zacks Investment Research upgraded shares of Alliance Resource Partners from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Friday, February 2nd. ValuEngine cut shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Stifel Nicolaus set a $22.00 target price on shares of Alliance Resource Partners and gave the company a “hold” rating in a research note on Tuesday, January 16th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $26.12.

Several large investors have recently modified their holdings of the company. Virtu Financial LLC bought a new position in shares of Alliance Resource Partners in the 4th quarter worth approximately $240,000. Tower Research Capital LLC TRC bought a new position in shares of Alliance Resource Partners in the 4th quarter worth approximately $132,000. Schroder Investment Management Group bought a new position in shares of Alliance Resource Partners in the 4th quarter worth approximately $167,000. Wells Fargo & Company MN lifted its stake in shares of Alliance Resource Partners by 4.2% in the 4th quarter. Wells Fargo & Company MN now owns 187,580 shares of the energy company’s stock worth $3,695,000 after purchasing an additional 7,616 shares during the period. Finally, Rational Advisors LLC bought a new position in shares of Alliance Resource Partners in the 4th quarter worth approximately $1,806,000. Hedge funds and other institutional investors own 14.19% of the company’s stock.

Alliance Resource Partners (NASDAQ:ARLP) opened at $18.00 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.53 and a current ratio of 0.82. The stock has a market cap of $2,352.67, a PE ratio of 5.88 and a beta of 0.67. Alliance Resource Partners has a one year low of $17.60 and a one year high of $24.85.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Wednesday, February 7th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 11.33%. The ex-dividend date of this dividend is Tuesday, February 6th. This is a boost from Alliance Resource Partners’s previous quarterly dividend of $0.51. Alliance Resource Partners’s dividend payout ratio is 68.23%.

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Alliance Resource Partners 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 (NASDAQ:ARLP)

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