Equities analysts forecast that Alliance Resource Partners, L.P. (NASDAQ:ARLP) will post $452.52 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Alliance Resource Partners’ earnings, with the highest sales estimate coming in at $456.80 million and the lowest estimate coming in at $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 business is expected to announce its next quarterly earnings results 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 expect that the company 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 sell-side research analysts that follow Alliance Resource Partners.

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Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly 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). Alliance Resource Partners had a net margin of 16.90% and a return on equity of 26.79%. The firm had revenue of $483.00 million during the quarter, compared to analyst estimates of $478.15 million. During the same period in the prior year, the business earned $1.30 EPS. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year.

Several analysts have issued reports on the company. BidaskClub downgraded Alliance Resource Partners from a “hold” rating to a “sell” rating in a research note on Saturday, February 17th. ValuEngine downgraded Alliance Resource Partners from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Zacks Investment Research raised Alliance Resource Partners from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Friday, February 2nd. B. Riley reissued a “buy” rating and issued a $30.00 price target on shares of Alliance Resource Partners in a research note on Tuesday, January 30th. Finally, Stifel Nicolaus set a $22.00 price target on Alliance Resource Partners and gave the company a “hold” rating in a research note on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $26.25.

Alliance Resource Partners (ARLP) traded up $0.20 on Thursday, hitting $17.90. The company’s stock had a trading volume of 245,598 shares, compared to its average volume of 417,183. Alliance Resource Partners has a 1 year low of $17.48 and a 1 year high of $23.45. The firm has a market cap of $2,340.00, a P/E ratio of 5.83 and a beta of 0.77. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.97 and a quick ratio of 0.53.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, February 7th were issued a $0.51 dividend. This is a boost from Alliance Resource Partners’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $2.04 annualized dividend and a dividend yield of 11.40%. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 66.45%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advantage Investment Management LLC grew its holdings in shares of Alliance Resource Partners by 1,441.2% in the 4th quarter. Advantage Investment Management LLC now owns 5,317 shares of the energy company’s stock valued at $105,000 after acquiring an additional 4,972 shares in the last quarter. TCI Wealth Advisors Inc. grew its holdings in shares of Alliance Resource Partners by 66.0% in the 4th quarter. TCI Wealth Advisors Inc. now owns 6,638 shares of the energy company’s stock valued at $131,000 after acquiring an additional 2,638 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Alliance Resource Partners in the 4th quarter valued at about $132,000. Schroder Investment Management Group bought a new position in shares of Alliance Resource Partners in the 4th quarter valued at about $167,000. Finally, Huntington National Bank bought a new position in shares of Alliance Resource Partners in the 4th quarter valued at about $188,000. Institutional investors own 14.04% of the company’s stock.

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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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