$1.52 Billion in Sales Expected for Pembina Pipeline Corp (PBA) This Quarter

Equities research analysts expect that Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) will post $1.52 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Pembina Pipeline’s earnings. The lowest sales estimate is $1.34 billion and the highest is $1.69 billion. Pembina Pipeline reported sales of $937.22 million in the same quarter last year, which indicates a positive year over year growth rate of 62.2%. The firm is scheduled to announce its next quarterly earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Pembina Pipeline will report full year sales of $1.52 billion for the current financial year, with estimates ranging from $4.26 billion to $4.56 billion. For the next fiscal year, analysts expect that the business will report sales of $6.81 billion per share, with estimates ranging from $6.20 billion to $7.42 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Pembina Pipeline.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings data on Thursday, November 2nd. The pipeline company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.08). Pembina Pipeline had a net margin of 11.66% and a return on equity of 8.36%.

A number of brokerages have recently weighed in on PBA. Zacks Investment Research raised Pembina Pipeline from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Macquarie lowered Pembina Pipeline from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $39.00.

Several institutional investors and hedge funds have recently modified their holdings of PBA. CIBC Asset Management Inc boosted its stake in shares of Pembina Pipeline by 64.6% in the third quarter. CIBC Asset Management Inc now owns 7,100,744 shares of the pipeline company’s stock worth $248,486,000 after buying an additional 2,787,001 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Pembina Pipeline by 133.4% in the second quarter. The Manufacturers Life Insurance Company now owns 3,121,883 shares of the pipeline company’s stock worth $103,718,000 after buying an additional 1,784,451 shares during the last quarter. Cohen & Steers Inc. boosted its stake in shares of Pembina Pipeline by 44.7% in the third quarter. Cohen & Steers Inc. now owns 5,102,440 shares of the pipeline company’s stock worth $178,615,000 after buying an additional 1,575,125 shares during the last quarter. Duff & Phelps Investment Management Co. purchased a new stake in shares of Pembina Pipeline in the third quarter worth about $41,290,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Pembina Pipeline by 43.6% in the second quarter. Goldman Sachs Group Inc. now owns 2,901,307 shares of the pipeline company’s stock worth $96,091,000 after buying an additional 880,831 shares during the last quarter. Hedge funds and other institutional investors own 42.31% of the company’s stock.

Pembina Pipeline (PBA) opened at $35.02 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $17,710.00, a PE ratio of 35.37 and a beta of 0.74. Pembina Pipeline has a 1-year low of $30.32 and a 1-year high of $36.99.

The business also recently announced a jan 18 dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, January 25th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, January 24th. This represents a dividend yield of 4.93%. Pembina Pipeline’s payout ratio is 174.75%.

TRADEMARK VIOLATION WARNING: “$1.52 Billion in Sales Expected for Pembina Pipeline Corp (PBA) This Quarter” was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The legal version of this news story can be accessed at https://www.dispatchtribunal.com/2018/01/20/1-52-billion-in-sales-expected-for-pembina-pipeline-corp-pba-this-quarter.html.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.

Get a free copy of the Zacks research report on Pembina Pipeline (PBA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Pembina Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pembina Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply