Equities analysts expect Ferrellgas Partners, L.P. (NYSE:FGP) to announce ($0.28) earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Ferrellgas Partners’ earnings. The highest EPS estimate is ($0.25) and the lowest is ($0.31). Ferrellgas Partners reported earnings per share of ($0.44) in the same quarter last year, which would indicate a positive year-over-year growth rate of 36.4%. The company is scheduled to issue its next quarterly earnings results before the market opens on Thursday, December 7th.
According to Zacks, analysts expect that Ferrellgas Partners will report full-year earnings of $0.19 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.16 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Ferrellgas Partners.
Ferrellgas Partners (NYSE:FGP) last released its quarterly earnings results on Thursday, September 28th. The oil and gas company reported ($0.57) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.48) by ($0.09). The firm had revenue of $433.38 million for the quarter, compared to the consensus estimate of $431.74 million. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the business earned ($6.68) EPS.
Several research analysts recently commented on FGP shares. Zacks Investment Research cut shares of Ferrellgas Partners from a “buy” rating to a “hold” rating in a report on Friday, October 6th. BidaskClub upgraded shares of Ferrellgas Partners from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $6.00 target price on shares of Ferrellgas Partners in a report on Wednesday, September 27th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Ferrellgas Partners has an average rating of “Hold” and a consensus target price of $8.18.
Shares of Ferrellgas Partners (NYSE:FGP) traded up $0.01 on Friday, reaching $4.58. 276,800 shares of the company traded hands, compared to its average volume of 392,890. Ferrellgas Partners has a fifty-two week low of $4.22 and a fifty-two week high of $8.83. The company has a quick ratio of 0.60, a current ratio of 0.87 and a debt-to-equity ratio of -2.63.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 8th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 8.73%. The ex-dividend date is Thursday, December 7th. Ferrellgas Partners’s payout ratio is -72.73%.
In other Ferrellgas Partners news, VP Trenton D. Hampton bought 6,000 shares of Ferrellgas Partners stock in a transaction that occurred on Monday, October 16th. The stock was acquired at an average price of $4.98 per share, for a total transaction of $29,880.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.48% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Morgan Stanley raised its position in shares of Ferrellgas Partners by 13.2% in the first quarter. Morgan Stanley now owns 346,912 shares of the oil and gas company’s stock valued at $2,082,000 after purchasing an additional 40,533 shares during the period. Virtu KCG Holdings LLC raised its position in shares of Ferrellgas Partners by 410.3% in the second quarter. Virtu KCG Holdings LLC now owns 89,811 shares of the oil and gas company’s stock valued at $411,000 after purchasing an additional 72,211 shares during the period. Bank of America Corp DE raised its position in shares of Ferrellgas Partners by 38.6% in the first quarter. Bank of America Corp DE now owns 170,559 shares of the oil and gas company’s stock valued at $1,024,000 after purchasing an additional 47,533 shares during the period. KCG Holdings Inc. bought a new position in shares of Ferrellgas Partners in the first quarter valued at about $106,000. Finally, Alliancebernstein L.P. raised its position in shares of Ferrellgas Partners by 40.6% in the first quarter. Alliancebernstein L.P. now owns 18,208 shares of the oil and gas company’s stock valued at $109,000 after purchasing an additional 5,257 shares during the period. 6.43% of the stock is currently owned by hedge funds and other institutional investors.
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Ferrellgas Partners Company Profile
Ferrellgas Partners, L.P. is engaged in the retail distribution of propane and related equipment sales, and midstream operations, which include crude oil logistics. The Company’s segments include propane and related equipment sales, midstream operations-crude oil logistics, and corporate and other. The propane and related equipment sales segment consists of the distribution of propane and related equipment and supplies.
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