Alliance Resource Partners (ARLP) to Release Quarterly Earnings on Monday

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

Alliance Resource Partners (NASDAQ:ARLP) last announced its 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 return on equity of 27.54% and a net margin of 21.04%. The business had revenue of $593.35 million for the quarter, compared to analysts’ expectations of $624.72 million. During the same quarter last year, the business posted $1.30 earnings per share. 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 Up 0.5 %

ARLP stock opened at $25.63 on Friday. Alliance Resource Partners has a 12 month low of $18.32 and a 12 month high of $26.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.53 and a quick ratio of 1.80. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 5.61 and a beta of 1.13. The company has a fifty day moving average price of $24.31 and a 200 day moving average price of $23.81.

Wall Street Analysts Forecast Growth

ARLP has been the subject of several recent research reports. Benchmark increased their target price on shares of Alliance Resource Partners from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. StockNews.com downgraded 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.