Energy Transfer (NYSE:ET) will be issuing its quarterly earnings data after the market closes on Wednesday, November 7th. Analysts expect the company to announce earnings of $0.59 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
Energy Transfer (NYSE:ET) last announced its quarterly earnings results on Wednesday, August 8th. The pipeline company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.13). The company had revenue of $14.12 billion for the quarter, compared to analyst estimates of $12.67 billion. Energy Transfer had a return on equity of 5.50% and a net margin of 2.60%. On average, analysts expect Energy Transfer to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Energy Transfer stock opened at $15.97 on Tuesday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.76 and a current ratio of 0.99. The company has a market cap of $18.14 billion, a PE ratio of 13.20 and a beta of 1.90. Energy Transfer has a twelve month low of $12.80 and a twelve month high of $19.34.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 19th. Stockholders of record on Thursday, November 8th will be given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 7.64%. The ex-dividend date is Wednesday, November 7th. Energy Transfer’s payout ratio is 100.83%.
ET has been the topic of a number of research reports. Raymond James reiterated a “buy” rating and set a $20.00 price target on shares of Energy Transfer in a research report on Thursday, November 1st. ValuEngine cut Energy Transfer from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 1st.
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About Energy Transfer
Energy Transfer LP provides diversified energy-related services in the United States. It owns and operates approximately 7,900 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 11,800 miles of interstate natural gas pipelines. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.
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