$0.73 EPS Expected for Alliance Resource Partners, L.P. (ARLP) This Quarter
Wall Street analysts expect Alliance Resource Partners, L.P. (NASDAQ:ARLP) to post earnings of $0.73 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Alliance Resource Partners’ earnings. The lowest EPS estimate is $0.70 and the highest is $0.78. Alliance Resource Partners posted earnings of $0.52 per share during the same quarter last year, which suggests a positive year over year growth rate of 40.4%. The firm is scheduled to announce its next earnings results on Monday, October 29th.
According to Zacks, analysts expect that Alliance Resource Partners will report full-year earnings of $3.33 per share for the current fiscal year, with EPS estimates ranging from $3.27 to $3.40. For the next fiscal year, analysts expect that the company will post earnings of $2.26 per share, with EPS estimates ranging from $2.02 to $2.48. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Alliance Resource Partners.
Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings data on Monday, July 30th. The energy company reported $0.64 EPS for the quarter, meeting the consensus estimate of $0.64. Alliance Resource Partners had a return on equity of 24.78% and a net margin of 19.77%. The business had revenue of $516.10 million for the quarter, compared to the consensus estimate of $491.55 million. During the same quarter in the prior year, the business earned $0.82 earnings per share. Alliance Resource Partners’s revenue for the quarter was up 29.4% on a year-over-year basis.
Alliance Resource Partners stock remained flat at $$19.85 during trading on Tuesday. The company had a trading volume of 263,295 shares, compared to its average volume of 342,951. Alliance Resource Partners has a fifty-two week low of $15.55 and a fifty-two week high of $21.90. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $2.61 billion, a P/E ratio of 6.92 and a beta of 0.78.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 14th. Shareholders of record on Tuesday, August 7th were given a dividend of $0.52 per share. The ex-dividend date was Monday, August 6th. This represents a $2.08 annualized dividend and a dividend yield of 10.48%. This is an increase from Alliance Resource Partners’s previous quarterly dividend of $0.52. Alliance Resource Partners’s dividend payout ratio is currently 72.47%.
Alliance Resource Partners announced that its board has initiated a stock repurchase program on Thursday, May 31st that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the energy company to reacquire up to 3.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
In related news, Director Nick Carter bought 2,219 shares of the company’s stock in a transaction on Wednesday, August 8th. The shares were purchased at an average price of $19.85 per share, for a total transaction of $44,047.15. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $397,000. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 44.03% of the company’s stock.
Several large investors have recently bought and sold shares of ARLP. Intrust Bank NA increased its holdings in shares of Alliance Resource Partners by 36.1% in the second quarter. Intrust Bank NA now owns 14,438 shares of the energy company’s stock worth $265,000 after purchasing an additional 3,831 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of Alliance Resource Partners by 29.0% in the second quarter. Commonwealth Equity Services LLC now owns 16,478 shares of the energy company’s stock worth $302,000 after purchasing an additional 3,708 shares during the period. Texas Yale Capital Corp. bought a new position in shares of Alliance Resource Partners in the second quarter worth $471,000. PNC Financial Services Group Inc. increased its holdings in shares of Alliance Resource Partners by 77.5% in the first quarter. PNC Financial Services Group Inc. now owns 26,566 shares of the energy company’s stock worth $470,000 after purchasing an additional 11,602 shares during the period. Finally, Kayne Anderson Capital Advisors LP bought a new position in shares of Alliance Resource Partners in the first quarter worth $476,000. Hedge funds and other institutional investors own 28.96% of the company’s stock.
About Alliance Resource Partners
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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