Trading Report: The Alliance Resource Partners, L.P. (ARLP) Releases Earnings Results, Beats Estimates By $0.18 EPS

The Alliance Resource Partners, L.P. (ARLP) Releases  Earnings Results, Beats Estimates By $0.18 EPS

Alliance Resource Partners, L.P. (NASDAQ:ARLP) announced its earnings results on Friday. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.18. The business earned $552.10 million during the quarter, compared to analysts’ expectations of $488.49 million. During the same quarter in the previous year, the firm earned $0.61 EPS. Alliance Resource Partners, L.P.’s quarterly revenue was down 2.5% on a year-over-year basis.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) opened at 24.00 on Monday.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 14th. Investors of record on Monday, November 7th will be paid a $0.4375 dividend. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.75 annualized dividend and a yield of 7.29%.

In other Alliance Resource Partners, L.P. news, VP Robert J. Fouch sold 17,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $19.34, for a total transaction of $328,780.00. Following the completion of the transaction, the vice president now owns 33,242 shares of the company’s stock, valued at $642,900.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Several institutional investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC increased 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 in the last quarter. IFP Advisors Inc increased 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 in the last quarter. Integrated Investment Consultants LLC increased 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 in the last quarter. HL Financial Services LLC acquired a new position in shares of Alliance Resource Partners, L.P. during the second quarter worth $164,000. Finally, Rathbone Brothers plc increased its position in shares of Alliance Resource Partners, L.P. by 13.6% in the second quarter. Rathbone Brothers plc now owns 16,505 shares of the company’s stock worth $260,000 after buying an additional 1,975 shares in the last quarter.

A number of equities analysts have recently weighed in on ARLP shares. Zacks Investment Research upgraded Alliance Resource Partners, L.P. from a “hold” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a research note on Monday, August 1st. FBR & Co boosted their target price on Alliance Resource Partners, L.P. from $19.00 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, August 1st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $23.33.

Alliance Resource Partners, L.P. Company Profile

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