Todays Report: Today, Alliance Resource Partners, L.P. to Post FY2017 Earnings of $1.39 Per Share, FBR & Co Forecasts (ARLP)

Today, Alliance Resource Partners, L.P. to Post FY2017 Earnings of $1.39 Per Share, FBR & Co Forecasts (ARLP)

Alliance Resource Partners, L.P. (NASDAQ:ARLP) – Equities researchers at FBR & Co cut their FY2017 earnings estimates for Alliance Resource Partners, L.P. in a report released on Wednesday. FBR & Co analyst L. Pipes now expects that the firm will earn $1.39 per share for the year, down from their previous forecast of $1.41. FBR & Co has a “Outperform” rating and a $28.00 price objective on the stock. FBR & Co also issued estimates for Alliance Resource Partners, L.P.’s FY2018 earnings at $1.96 EPS.

ARLP has been the topic of several other research reports. Zacks Investment Research upgraded Alliance Resource Partners, L.P. from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Tuesday, October 11th. Seaport Global Securities started coverage on Alliance Resource Partners, L.P. in a report on Monday, October 31st. They set a “buy” rating and a $29.00 target price on the stock. Finally, TheStreet upgraded Alliance Resource Partners, L.P. from a “hold” rating to a “buy” rating in a report on Friday, October 28th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Alliance Resource Partners, L.P. currently has an average rating of “Buy” and a consensus target price of $23.83.

Shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) opened at 22.50 on Thursday. Alliance Resource Partners, L.P. has a 52 week low of $9.95 and a 52 week high of $26.65. The company has a 50-day moving average price of $0.00 and a 200 day moving average price of $0.00.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) last announced its quarterly earnings data on Friday, October 28th. The company reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.18. The firm had revenue of $552.10 million for the quarter, compared to analyst estimates of $488.49 million. During the same period in the previous year, the business posted $0.61 EPS. Alliance Resource Partners, L.P.’s revenue for the quarter was down 2.5% compared to the same quarter last year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Monday, November 7th were paid a $0.4375 dividend. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $1.75 annualized dividend and a yield of 7.78%.

Several institutional investors have recently made changes to their positions in ARLP. Acrospire Investment Management LLC raised its position in shares of Alliance Resource Partners, L.P. by 19.0% in the second quarter. Acrospire Investment Management LLC now owns 6,810 shares of the company’s stock worth $107,000 after buying an additional 1,088 shares during the period. IFP Advisors Inc raised its position in shares of Alliance Resource Partners, L.P. by 8.0% in the second quarter. IFP Advisors Inc now owns 8,763 shares of the company’s stock worth $138,000 after buying an additional 651 shares during the period. Integrated Investment Consultants LLC raised its position in shares of Alliance Resource Partners, L.P. by 357.0% in the second quarter. Integrated Investment Consultants LLC now owns 9,140 shares of the company’s stock worth $144,000 after buying an additional 7,140 shares during the period. HL Financial Services LLC purchased a new position in shares of Alliance Resource Partners, L.P. during the second quarter worth $164,000. Finally, Cetera Advisor Networks LLC purchased a new position in shares of Alliance Resource Partners, L.P. during the third quarter worth $239,000.

Alliance Resource Partners, L.P. Company Profile

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