Wall Street brokerages expect Ferrellgas Partners, L.P. (NYSE:FGP) to post earnings per share of $0.26 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Ferrellgas Partners’ earnings, with the lowest EPS estimate coming in at $0.22 and the highest estimate coming in at $0.29. Ferrellgas Partners posted earnings per share of $0.07 in the same quarter last year, which would suggest a positive year over year growth rate of 271.4%. The company is scheduled to report its next quarterly earnings report on Friday, June 8th.
According to Zacks, analysts expect that Ferrellgas Partners will report full year earnings of ($0.68) per share for the current financial year. For the next year, analysts anticipate that the firm will report earnings of $0.26 per share, with EPS estimates ranging from $0.11 to $0.41. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Ferrellgas Partners.
Ferrellgas Partners (NYSE:FGP) last announced its earnings results on Thursday, March 8th. The oil and gas company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.12). The firm had revenue of $755.16 million during the quarter, compared to analyst estimates of $703.96 million. Ferrellgas Partners’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 earnings per share.
Several research analysts have recently commented on the company. Citigroup downgraded Ferrellgas Partners from a “buy” rating to a “neutral” rating in a report on Tuesday, January 9th. ValuEngine downgraded Ferrellgas Partners from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. UBS reduced their target price on Ferrellgas Partners from $4.00 to $2.00 and set a “sell” rating on the stock in a report on Thursday, March 29th. Royal Bank of Canada reissued a “hold” rating and issued a $5.00 target price on shares of Ferrellgas Partners in a report on Tuesday, January 16th. Finally, Zacks Investment Research raised Ferrellgas Partners from a “sell” rating to a “hold” rating in a report on Wednesday, March 7th. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $4.25.
A number of hedge funds have recently bought and sold shares of FGP. Virtu Financial LLC bought a new position in Ferrellgas Partners in the 4th quarter worth approximately $113,000. Deutsche Bank AG raised its position in Ferrellgas Partners by 82.5% in the 4th quarter. Deutsche Bank AG now owns 105,801 shares of the oil and gas company’s stock worth $452,000 after purchasing an additional 47,826 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in Ferrellgas Partners in the 4th quarter worth approximately $763,000. Finally, GSA Capital Partners LLP raised its position in Ferrellgas Partners by 86.3% in the 3rd quarter. GSA Capital Partners LLP now owns 315,391 shares of the oil and gas company’s stock worth $1,621,000 after purchasing an additional 146,127 shares during the last quarter. Hedge funds and other institutional investors own 5.58% of the company’s stock.
Shares of FGP traded up $0.07 on Monday, hitting $3.25. The company’s stock had a trading volume of 107,968 shares, compared to its average volume of 316,708. The company has a market capitalization of $308.94, a P/E ratio of -5.91 and a beta of 0.59. The company has a debt-to-equity ratio of -2.24, a current ratio of 0.73 and a quick ratio of 0.56. Ferrellgas Partners has a fifty-two week low of $2.87 and a fifty-two week high of $6.12.
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Ferrellgas Partners Company Profile
Ferrellgas Partners, L.P. distributes and sells propane and related equipment and supplies primarily in the United States. It operates in two segments: Propane Operations and Related Equipment Sales, and Midstream Operations. The company transports propane to propane distribution locations, tanks on customers' premises, or to portable propane tanks delivered to retailers.
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