Ferrellgas Partners, L.P. (FGP) Expected to Announce Earnings of $0.61 Per Share

Brokerages predict that Ferrellgas Partners, L.P. (NYSE:FGP) will post $0.61 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Ferrellgas Partners’ earnings. Ferrellgas Partners reported earnings of $0.39 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 56.4%. The business is expected to report its next earnings results on Thursday, March 8th.

According to Zacks, analysts expect that Ferrellgas Partners will report full-year earnings of $0.05 per share for the current financial year. For the next fiscal year, analysts anticipate that the business will report earnings of $0.15 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Ferrellgas Partners.

Ferrellgas Partners (NYSE:FGP) last announced its earnings results on Thursday, December 7th. The oil and gas company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.22). The firm had revenue of $454.70 million during the quarter, compared to analysts’ expectations of $431.30 million. During the same quarter in the previous year, the firm earned ($0.44) EPS. The firm’s revenue was up 19.8% on a year-over-year basis.

FGP has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Ferrellgas Partners from a “buy” rating to a “hold” rating in a research note on Friday, October 6th. BidaskClub upgraded Ferrellgas Partners from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Royal Bank of Canada restated a “hold” rating and issued a $6.00 target price on shares of Ferrellgas Partners in a research note on Wednesday, September 27th. Finally, Raymond James Financial restated a “sell” rating on shares of Ferrellgas Partners in a research note on Thursday, December 7th. Five equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The company currently has an average rating of “Sell” and a consensus price target of $5.44.

Shares of Ferrellgas Partners (NYSE:FGP) traded up $0.03 during midday trading on Tuesday, hitting $3.93. The stock had a trading volume of 449,278 shares, compared to its average volume of 403,362. Ferrellgas Partners has a 12-month low of $3.80 and a 12-month high of $8.83. The stock has a market cap of $383.75, a P/E ratio of -6.55 and a beta of 0.59. The company has a debt-to-equity ratio of -2.28, a current ratio of 0.58 and a quick ratio of 0.41.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 8th were issued a $0.10 dividend. The ex-dividend date was Thursday, December 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.18%. Ferrellgas Partners’s dividend payout ratio (DPR) is presently -66.67%.

In related news, VP Trenton D. Hampton purchased 6,000 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were bought at an average price of $4.98 per share, with a total value of $29,880.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.48% of the company’s stock.

A number of hedge funds have recently modified their holdings of FGP. GSA Capital Partners LLP raised its holdings in Ferrellgas Partners by 86.3% during the 3rd quarter. GSA Capital Partners LLP now owns 315,391 shares of the oil and gas company’s stock valued at $1,621,000 after acquiring an additional 146,127 shares during the period. Virtu KCG Holdings LLC raised its holdings in Ferrellgas Partners by 410.3% during the 2nd quarter. Virtu KCG Holdings LLC now owns 89,811 shares of the oil and gas company’s stock valued at $411,000 after acquiring an additional 72,211 shares during the period. Morgan Stanley raised its holdings in Ferrellgas Partners by 13.2% during the 1st quarter. Morgan Stanley now owns 346,912 shares of the oil and gas company’s stock valued at $2,082,000 after acquiring an additional 40,533 shares during the period. PEAK6 Investments L.P. raised its holdings in Ferrellgas Partners by 283.5% during the 3rd quarter. PEAK6 Investments L.P. now owns 20,639 shares of the oil and gas company’s stock valued at $106,000 after acquiring an additional 15,257 shares during the period. Finally, Royal Bank of Canada increased its holdings in shares of Ferrellgas Partners by 7.8% in the second quarter. Royal Bank of Canada now owns 131,811 shares of the oil and gas company’s stock worth $604,000 after purchasing an additional 9,545 shares during the period. 6.34% of the stock is currently owned by institutional investors and hedge funds.

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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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