Alliance Resource Partners LP (NASDAQ: ARLP) has reported E.P.S. of $1.21 for its first fiscal quarter (ending March 31) versus $1.45 for the same period a year ago — a decline of -17%. However, this performance was $0.20 better than the consensus estimate of $1.01. For the latest four quarters through March 31, E.P.S. were $4.57 compared to $5.56 a year ago — a decline of -18%.
Recent Price Action
Alliance Resource Partners LP (NASDAQ: ARLP) stock closed at $22.21 on 4/29/24 after a very large increase of 5.0%. Moreover, this advance was accompanied by exceptionally high trading volume at 508% of normal. The stock has risen 5.3% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
ARLP’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Alliance Resource Partners has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Alliance Resource Partners has a very high Appreciation Score of 88 but a slightly negative Power Rating of 35, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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