Brokerages expect Energy Transfer Partners LP (NYSE:ETP) to announce sales of $8.74 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Energy Transfer Partners’ earnings, with the lowest sales estimate coming in at $8.30 billion and the highest estimate coming in at $9.04 billion. Energy Transfer Partners posted sales of $6.97 billion in the same quarter last year, which would indicate a positive year over year growth rate of 25.4%. The company is expected to issue its next quarterly earnings report on Tuesday, November 6th.
According to Zacks, analysts expect that Energy Transfer Partners will report full-year sales of $35.74 billion for the current fiscal year, with estimates ranging from $33.16 billion to $38.11 billion. For the next fiscal year, analysts forecast that the firm will report sales of $38.60 billion per share, with estimates ranging from $33.41 billion to $42.25 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Energy Transfer Partners.
Energy Transfer Partners (NYSE:ETP) last announced its quarterly earnings data on Wednesday, May 9th. The pipeline company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.11). The company had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $8.84 billion. Energy Transfer Partners had a net margin of 8.24% and a return on equity of 8.00%. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.03 EPS.
Several equities research analysts have recently weighed in on ETP shares. ValuEngine lowered Energy Transfer Partners from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Morgan Stanley reaffirmed an “equal weight” rating and set a $27.00 price target (up previously from $22.00) on shares of Energy Transfer Partners in a research report on Friday, August 3rd. Wolfe Research raised Energy Transfer Partners from a “market perform” rating to an “outperform” rating in a research report on Friday, August 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $27.00 price target (up previously from $24.00) on shares of Energy Transfer Partners in a research report on Friday. Finally, UBS Group lifted their price target on Energy Transfer Partners from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. Energy Transfer Partners has a consensus rating of “Hold” and an average target price of $24.17.
Shares of Energy Transfer Partners traded down $0.29, hitting $22.99, during midday trading on Tuesday, according to Marketbeat.com. The company had a trading volume of 19,785,340 shares, compared to its average volume of 8,611,462. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.70 and a current ratio of 0.92. Energy Transfer Partners has a 1 year low of $15.06 and a 1 year high of $24.38. The stock has a market capitalization of $27.12 billion, a PE ratio of 23.75, a PEG ratio of 1.59 and a beta of 1.15.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 14th. Investors of record on Monday, August 6th will be paid a $0.565 dividend. The ex-dividend date of this dividend is Friday, August 3rd. This represents a $2.26 dividend on an annualized basis and a dividend yield of 9.83%. Energy Transfer Partners’s dividend payout ratio (DPR) is presently 313.89%.
Several institutional investors have recently bought and sold shares of ETP. Eagle Global Advisors LLC increased its stake in shares of Energy Transfer Partners by 41.2% in the second quarter. Eagle Global Advisors LLC now owns 3,183,027 shares of the pipeline company’s stock worth $60,605,000 after purchasing an additional 928,129 shares during the period. Conning Inc. grew its position in Energy Transfer Partners by 17.3% during the second quarter. Conning Inc. now owns 683,783 shares of the pipeline company’s stock worth $12,876,000 after buying an additional 100,606 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Energy Transfer Partners by 4.6% during the first quarter. California Public Employees Retirement System now owns 2,540,329 shares of the pipeline company’s stock valued at $41,204,000 after purchasing an additional 112,660 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Energy Transfer Partners by 32.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 69,706 shares of the pipeline company’s stock valued at $1,327,000 after purchasing an additional 17,110 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its holdings in Energy Transfer Partners by 16.7% during the first quarter. Cullen Frost Bankers Inc. now owns 154,381 shares of the pipeline company’s stock valued at $2,504,000 after purchasing an additional 22,144 shares in the last quarter. Hedge funds and other institutional investors own 62.94% of the company’s stock.
About Energy Transfer Partners
Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. The company's Intrastate Transportation and Storage segment transports natural gas from various natural gas producing areas through connections with other pipeline systems, as well as through its ET Fuel System and HPL System.
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