Analysts predict that Alliance Resource Partners, L.P. (NASDAQ:ARLP) will report $0.73 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made 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 suggests a positive year-over-year growth rate of 40.4%. The business is scheduled to issue its next quarterly earnings results on Monday, October 29th.

According to Zacks, analysts expect that Alliance Resource Partners will report full year earnings of $3.30 per share for the current year, with EPS estimates ranging from $3.27 to $3.32. For the next financial year, analysts expect that the firm will post earnings of $2.26 per share, with EPS estimates ranging from $2.02 to $2.48. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Alliance Resource Partners.

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

A number of analysts recently weighed in on the stock. MKM Partners raised shares of Alliance Resource Partners from a “neutral” rating to a “buy” rating and set a $22.00 target price for the company in a report on Wednesday, May 23rd. They noted that the move was a valuation call. Seaport Global Securities set a $20.00 target price on shares of Alliance Resource Partners and gave the stock a “buy” rating in a report on Monday, April 23rd. Zacks Investment Research raised shares of Alliance Resource Partners from a “hold” rating to a “strong-buy” rating and set a $23.00 target price for the company in a report on Monday, August 6th. ValuEngine lowered shares of Alliance Resource Partners from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Finally, BidaskClub raised shares of Alliance Resource Partners from a “sell” rating to a “hold” rating in a report on Tuesday, June 5th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $24.50.

In other Alliance Resource Partners news, Director Nick Carter bought 2,219 shares of the stock in a transaction on Wednesday, August 8th. The stock was purchased at an average price of $19.85 per share, with a total value of $44,047.15. Following the acquisition, the director now owns 20,000 shares of the company’s stock, valued at $397,000. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 44.03% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp grew its holdings in shares of Alliance Resource Partners by 2.1% in the 1st quarter. Van ECK Associates Corp now owns 154,894 shares of the energy company’s stock valued at $2,734,000 after buying an additional 3,235 shares during the period. Bank of Montreal Can grew its holdings in shares of Alliance Resource Partners by 64.3% in the 2nd quarter. Bank of Montreal Can now owns 1,047,600 shares of the energy company’s stock valued at $19,223,000 after buying an additional 410,000 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Alliance Resource Partners by 77.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 26,566 shares of the energy company’s stock valued at $470,000 after buying an additional 11,602 shares during the period. Foundry Partners LLC grew its holdings in shares of Alliance Resource Partners by 6.6% in the 1st quarter. Foundry Partners LLC now owns 235,647 shares of the energy company’s stock valued at $4,159,000 after buying an additional 14,583 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in shares of Alliance Resource Partners by 9.2% in the 1st quarter. Wells Fargo & Company MN now owns 204,929 shares of the energy company’s stock valued at $3,617,000 after buying an additional 17,349 shares during the period. 16.70% of the stock is owned by hedge funds and other institutional investors.

Shares of Alliance Resource Partners stock traded up $0.10 during midday trading on Friday, reaching $20.10. The company had a trading volume of 149,642 shares, compared to its average volume of 410,608. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.15 and a quick ratio of 0.90. The firm has a market cap of $2.65 billion, a P/E ratio of 7.00 and a beta of 0.76. Alliance Resource Partners has a 1-year low of $15.55 and a 1-year high of $21.90.

Alliance Resource Partners announced that its board has approved a share repurchase program on Thursday, May 31st that allows the company to buyback $100.00 million in shares. This buyback authorization allows the energy company to reacquire up to 3.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 14th. Shareholders of record on Tuesday, August 7th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 10.35%. The ex-dividend date of this dividend was Monday, August 6th. This is a positive change from Alliance Resource Partners’s previous quarterly dividend of $0.52. Alliance Resource Partners’s payout ratio is currently 72.47%.

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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Earnings History and Estimates for Alliance Resource Partners (NASDAQ:ARLP)

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