Alliance Resource Partners (NASDAQ:ARLP) Releases Earnings Results, Misses Expectations By $0.38 EPS

Alliance Resource Partners (NASDAQ:ARLP) issued its earnings results on Monday. The energy company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.38), Zacks reports. Alliance Resource Partners had a return on equity of 23.74% and a net margin of 18.52%.

Alliance Resource Partners Stock Down 3.8 %

ARLP stock opened at $27.60 on Tuesday. The company has a current ratio of 2.36, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm’s 50-day moving average is $26.99 and its two-hundred day moving average is $25.59. Alliance Resource Partners has a 52 week low of $18.32 and a 52 week high of $30.56. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 7.84 and a beta of 1.17.

Alliance Resource Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 10.14%. The ex-dividend date is Friday, February 7th. Alliance Resource Partners’s dividend payout ratio is currently 79.55%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ARLP shares. Singular Research lowered Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 2nd. StockNews.com lowered Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Finally, Benchmark boosted their price objective on shares of Alliance Resource Partners from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th.

Insider Buying and Selling

In other news, SVP Timothy J. Whelan sold 10,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $28.00, for a total transaction of $280,000.00. Following the transaction, the senior vice president now owns 157,946 shares in the company, valued at approximately $4,422,488. This represents a 5.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 16.80% of the company’s stock.

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.