Alliance Resource Partners (NASDAQ:ARLP – Get Free Report) announced its quarterly earnings data on Monday. The energy company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.16), RTT News reports. The company had revenue of $593.35 million for the quarter, compared to analyst estimates of $624.72 million. Alliance Resource Partners had a return on equity of 27.75% and a net margin of 21.04%. During the same period in the prior year, the firm posted $1.30 earnings per share.
Alliance Resource Partners Price Performance
Alliance Resource Partners stock traded down $0.06 during trading hours on Thursday, hitting $24.74. The stock had a trading volume of 107,537 shares, compared to its average volume of 430,645. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.08 and a quick ratio of 1.54. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 5.43 and a beta of 1.15. Alliance Resource Partners has a 1-year low of $18.32 and a 1-year high of $26.21. The stock’s fifty day moving average is $24.50 and its two-hundred day moving average is $22.12.
Alliance Resource Partners Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 11.32%. The ex-dividend date is Wednesday, August 7th. Alliance Resource Partners’s payout ratio is 61.27%.
Analysts Set New Price Targets
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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.
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