Equities research analysts predict that Enterprise Products Partners L.P. (NYSE:EPD) will announce earnings of $0.51 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Enterprise Products Partners’ earnings, with the highest EPS estimate coming in at $0.67 and the lowest estimate coming in at $0.44. Enterprise Products Partners posted earnings per share of $0.61 during the same quarter last year, which would indicate a negative year over year growth rate of 16.4%. The business is expected to report its next quarterly earnings report before the market opens on Monday, May 3rd.
According to Zacks, analysts expect that Enterprise Products Partners will report full year earnings of $2.07 per share for the current fiscal year, with EPS estimates ranging from $1.91 to $2.37. For the next financial year, analysts expect that the company will report earnings of $2.15 per share, with EPS estimates ranging from $1.95 to $2.36. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Enterprise Products Partners.
Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings data on Tuesday, February 2nd. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.35). Enterprise Products Partners had a return on equity of 17.76% and a net margin of 16.10%. The company had revenue of $7.04 billion for the quarter, compared to analyst estimates of $7.24 billion. During the same quarter in the prior year, the company earned $0.50 earnings per share. Enterprise Products Partners’s revenue for the quarter was down 12.0% compared to the same quarter last year.
A number of equities analysts have issued reports on EPD shares. Morgan Stanley upped their target price on Enterprise Products Partners from $29.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, March 29th. TD Securities initiated coverage on Enterprise Products Partners in a report on Tuesday. They set a “buy” rating and a $28.00 price target on the stock. Finally, Mizuho lifted their price objective on shares of Enterprise Products Partners from $24.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, January 20th. Fourteen equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of $25.77.
A number of large investors have recently bought and sold shares of EPD. BTR Capital Management Inc. boosted its position in Enterprise Products Partners by 9.0% in the first quarter. BTR Capital Management Inc. now owns 24,242 shares of the oil and gas producer’s stock worth $534,000 after purchasing an additional 2,000 shares during the last quarter. Private Trust Co. NA increased its position in shares of Enterprise Products Partners by 18.5% during the 1st quarter. Private Trust Co. NA now owns 15,367 shares of the oil and gas producer’s stock valued at $338,000 after purchasing an additional 2,400 shares during the last quarter. Carroll Financial Associates Inc. lifted its position in shares of Enterprise Products Partners by 1.7% during the first quarter. Carroll Financial Associates Inc. now owns 27,462 shares of the oil and gas producer’s stock worth $604,000 after acquiring an additional 464 shares in the last quarter. Smithbridge Asset Management Inc. DE grew its position in shares of Enterprise Products Partners by 3.7% in the first quarter. Smithbridge Asset Management Inc. DE now owns 98,479 shares of the oil and gas producer’s stock valued at $2,169,000 after purchasing an additional 3,515 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of Enterprise Products Partners by 15.2% during the 1st quarter. Pacer Advisors Inc. now owns 57,115 shares of the oil and gas producer’s stock valued at $1,258,000 after purchasing an additional 7,535 shares during the period. Hedge funds and other institutional investors own 30.51% of the company’s stock.
Shares of NYSE:EPD traded up $0.55 during trading on Thursday, hitting $23.12. 360,679 shares of the company were exchanged, compared to its average volume of 7,959,614. The company has a quick ratio of 0.71, a current ratio of 1.12 and a debt-to-equity ratio of 1.09. Enterprise Products Partners has a 1-year low of $14.90 and a 1-year high of $23.71. The company has a market capitalization of $50.44 billion, a P/E ratio of 11.16 and a beta of 1.38. The business’s 50 day moving average is $22.47 and its 200-day moving average is $20.06.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 12th. Stockholders of record on Friday, April 30th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.79%. Enterprise Products Partners’s dividend payout ratio is currently 83.72%.
Enterprise Products Partners Company Profile
Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.
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