Alliance Resource Partners (NASDAQ:ARLP) Releases Earnings Results, Misses Estimates By $0.16 EPS

Alliance Resource Partners (NASDAQ:ARLP) posted its quarterly earnings results on Monday. The energy company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.16), Yahoo Finance reports. Alliance Resource Partners had a return on equity of 27.54% and a net margin of 21.04%. The business had revenue of $613.57 million for the quarter, compared to analyst estimates of $646.17 million. During the same period last year, the firm posted $1.18 EPS.

Alliance Resource Partners Trading Up 0.1 %

Shares of ARLP traded up $0.02 during trading hours on Wednesday, hitting $25.63. The company had a trading volume of 275,182 shares, compared to its average volume of 380,270. The company has a quick ratio of 1.80, a current ratio of 2.53 and a debt-to-equity ratio of 0.24. The firm has a market cap of $3.28 billion, a P/E ratio of 7.28 and a beta of 1.13. Alliance Resource Partners has a 52-week low of $18.32 and a 52-week high of $26.21. The stock’s 50 day moving average price is $24.43 and its 200 day moving average price is $23.90.

Alliance Resource Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $2.80 dividend on an annualized basis and a yield of 10.92%. Alliance Resource Partners’s payout ratio is 79.55%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ARLP shares. StockNews.com cut Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 31st. Benchmark increased their price target on Alliance Resource Partners from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday.

Alliance Resource Partners Company Profile

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.