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

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

Alliance Resource Partners Stock Performance

NASDAQ ARLP opened at $25.53 on Tuesday. The business’s 50-day moving average price is $24.35 and its 200 day moving average price is $23.86. The company has a market capitalization of $3.27 billion, a PE ratio of 5.58 and a beta of 1.13. The company has a current ratio of 2.53, a quick ratio of 1.80 and a debt-to-equity ratio of 0.24. Alliance Resource Partners has a twelve month low of $18.32 and a twelve month high of $26.21.

Alliance Resource Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.97%. The ex-dividend date is Thursday, November 7th. Alliance Resource Partners’s dividend payout ratio is presently 61.27%.

Analysts Set New Price Targets

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

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.