Equities analysts expect that Boardwalk Pipeline Partners (NYSE:BWP) will report sales of $316.93 million for the current quarter, according to Zacks. Four analysts have issued estimates for Boardwalk Pipeline Partners’ earnings, with the highest sales estimate coming in at $320.30 million and the lowest estimate coming in at $312.88 million. Boardwalk Pipeline Partners posted sales of $317.60 million in the same quarter last year, which suggests a negative year over year growth rate of 0.2%. The company is scheduled to report its next earnings results on Monday, July 30th.
On average, analysts expect that Boardwalk Pipeline Partners will report full-year sales of $1.31 billion for the current financial year, with estimates ranging from $1.30 billion to $1.32 billion. For the next year, analysts anticipate that the firm will report sales of $1.31 billion per share, with estimates ranging from $1.22 billion to $1.40 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Boardwalk Pipeline Partners.
Boardwalk Pipeline Partners (NYSE:BWP) last announced its quarterly earnings results on Monday, April 30th. The pipeline company reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.01). Boardwalk Pipeline Partners had a return on equity of 6.85% and a net margin of 21.29%. The business had revenue of $335.40 million for the quarter, compared to analyst estimates of $345.22 million. During the same quarter last year, the firm posted $0.47 EPS. The company’s revenue was down 8.6% compared to the same quarter last year.
BWP has been the subject of a number of analyst reports. UBS reiterated a “buy” rating and set a $17.00 price target (down previously from $18.00) on shares of Boardwalk Pipeline Partners in a research report on Friday, March 2nd. Barclays set a $14.00 price target on Boardwalk Pipeline Partners and gave the stock a “hold” rating in a research report on Monday, February 12th. TheStreet lowered Boardwalk Pipeline Partners from a “b-” rating to a “c+” rating in a report on Friday, January 19th. ValuEngine lowered Boardwalk Pipeline Partners from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. Finally, Bank of America cut their price objective on Boardwalk Pipeline Partners from $16.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, February 13th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Boardwalk Pipeline Partners has a consensus rating of “Hold” and a consensus target price of $15.88.
Shares of Boardwalk Pipeline Partners opened at $10.75 on Friday, MarketBeat Ratings reports. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.77. Boardwalk Pipeline Partners has a 1 year low of $9.10 and a 1 year high of $18.73. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 7.96 and a beta of 0.64.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 17th. Stockholders of record on Thursday, May 10th were issued a $0.10 dividend. The ex-dividend date was Wednesday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 3.72%. Boardwalk Pipeline Partners’s dividend payout ratio (DPR) is 29.63%.
Several institutional investors have recently made changes to their positions in BWP. Guggenheim Capital LLC acquired a new stake in shares of Boardwalk Pipeline Partners in the first quarter valued at $104,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Boardwalk Pipeline Partners by 1,085,000.0% in the first quarter. BNP Paribas Arbitrage SA now owns 10,851 shares of the pipeline company’s stock valued at $110,000 after buying an additional 10,850 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in shares of Boardwalk Pipeline Partners during the fourth quarter worth $114,000. Usca Ria LLC acquired a new stake in shares of Boardwalk Pipeline Partners during the first quarter worth $122,000. Finally, Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Boardwalk Pipeline Partners during the fourth quarter worth $129,000. Institutional investors and hedge funds own 93.14% of the company’s stock.
About Boardwalk Pipeline Partners
Boardwalk Pipeline Partners, LP, through its subsidiaries, owns and operates integrated natural gas and natural gas liquids and other hydrocarbons (NGLs) pipeline and storage systems in the United States. It operates interstate natural gas and NGLs pipeline systems, and integrated storage facilities, which are located in the Gulf Coast region, Oklahoma, Arkansas and the Midwestern states of Tennessee, Kentucky, Illinois, Indiana and Ohio.
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