Alliance Resource Partners (ARLP) Set to Announce Earnings on Monday

Alliance Resource Partners (NASDAQ:ARLP) is scheduled to release its earnings data before the market opens on Monday, April 29th. Analysts expect Alliance Resource Partners to post earnings of $1.00 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings results on Monday, January 29th. The energy company reported $0.88 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.26). The company had revenue of $625.42 million during the quarter, compared to the consensus estimate of $672.54 million. Alliance Resource Partners had a return on equity of 34.90% and a net margin of 24.50%. During the same period in the previous year, the firm posted $1.63 earnings per share. On average, analysts expect Alliance Resource Partners to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Alliance Resource Partners Trading Up 0.2 %

ARLP opened at $21.10 on Monday. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 4.39 and a beta of 1.14. The company has a current ratio of 2.27, a quick ratio of 1.71 and a debt-to-equity ratio of 0.18. Alliance Resource Partners has a 12 month low of $17.05 and a 12 month high of $24.30. The stock has a fifty day moving average price of $19.92 and a 200-day moving average price of $20.97.

Alliance Resource Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, February 7th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 13.27%. The ex-dividend date of this dividend was Tuesday, February 6th. Alliance Resource Partners’s payout ratio is 58.21%.

Institutional Trading of Alliance Resource Partners

A number of hedge funds have recently modified their holdings of ARLP. First Republic Investment Management Inc. acquired a new position in shares of Alliance Resource Partners during the second quarter valued at approximately $13,084,000. Morgan Stanley raised its holdings in shares of Alliance Resource Partners by 5.2% during the fourth quarter. Morgan Stanley now owns 9,263,730 shares of the energy company’s stock valued at $188,239,000 after acquiring an additional 458,382 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Alliance Resource Partners by 326.8% during the first quarter. Bank of America Corp DE now owns 490,066 shares of the energy company’s stock valued at $7,562,000 after acquiring an additional 375,241 shares during the last quarter. ING Groep NV raised its holdings in shares of Alliance Resource Partners by 210.1% during the first quarter. ING Groep NV now owns 307,000 shares of the energy company’s stock valued at $4,737,000 after acquiring an additional 208,000 shares during the last quarter. Finally, BNP Paribas Arbitrage SNC acquired a new position in shares of Alliance Resource Partners during the first quarter valued at approximately $2,274,000. Hedge funds and other institutional investors own 18.11% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 6th.

About Alliance Resource Partners

Alliance Resource Partners, L.P., a diversified natural resource company, produces and markets coal primarily to utilities and industrial users in the United States. The company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties.