Alliance Resource Partners (ARLP) Scheduled to Post Quarterly Earnings on Monday

Alliance Resource Partners (NASDAQ:ARLP) will be releasing its earnings data before the market opens on Monday, October 28th. Analysts expect Alliance Resource Partners to post earnings of $0.82 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings results on Monday, July 29th. The energy company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.16). Alliance Resource Partners had a net margin of 21.04% and a return on equity of 27.54%. The firm had revenue of $593.35 million for the quarter, compared to analyst estimates of $624.72 million. During the same quarter in the prior year, the firm earned $1.30 EPS. On average, analysts expect Alliance Resource Partners to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Alliance Resource Partners Stock Performance

Shares of ARLP stock opened at $25.63 on Friday. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 5.61 and a beta of 1.13. Alliance Resource Partners has a 1-year low of $18.32 and a 1-year high of $26.21. The company has a current ratio of 2.53, a quick ratio of 1.80 and a debt-to-equity ratio of 0.24. The stock’s fifty day simple moving average is $24.31 and its 200-day simple moving average is $23.79.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Benchmark increased their price target on Alliance Resource Partners from $25.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. StockNews.com lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note 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.