Alliance Resource Partners (ARLP) Issues Quarterly Earnings Results, Misses Expectations By $0.20 EPS

Alliance Resource Partners (NASDAQ:ARLP) announced its earnings results on Monday. The energy company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.20), MarketWatch Earnings reports. Alliance Resource Partners had a net margin of 19.77% and a return on equity of 24.78%. The company had revenue of $497.80 million during the quarter, compared to the consensus estimate of $506.23 million. During the same quarter in the previous year, the company earned $0.52 earnings per share. The business’s revenue was up 9.8% on a year-over-year basis.

Alliance Resource Partners stock opened at $19.39 on Tuesday. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 8.65 and a beta of 0.79. Alliance Resource Partners has a 52-week low of $15.55 and a 52-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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 14th. Shareholders of record on Wednesday, November 7th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 10.83%. The ex-dividend date of this dividend is Tuesday, November 6th. Alliance Resource Partners’s payout ratio is 72.47%.

Several analysts recently commented on the company. Zacks Investment Research cut Alliance Resource Partners from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. BidaskClub cut Alliance Resource Partners from a “sell” rating to a “strong sell” rating in a report on Friday, July 13th. Finally, ValuEngine upgraded Alliance Resource Partners from a “sell” rating to a “hold” rating in a report on Friday. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $24.50.

In other Alliance Resource Partners news, Director Nick Carter purchased 2,219 shares of the business’s stock in a transaction on Wednesday, August 8th. The shares were purchased at an average cost of $19.85 per share, for a total transaction of $44,047.15. Following the acquisition, the director now owns 20,000 shares of the company’s stock, valued at $397,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 44.03% of the stock is currently owned by corporate insiders.

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.

Further Reading: Are Wall Street analysts’ stock ratings worth following?

Earnings History for Alliance Resource Partners (NASDAQ:ARLP)

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