Brokerages expect that Energy Transfer LP Unit (NYSE:ET) will post earnings per share (EPS) of $0.36 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Energy Transfer LP Unit’s earnings. The lowest EPS estimate is $0.27 and the highest is $0.46. Energy Transfer LP Unit reported earnings per share of $0.42 in the same quarter last year, which indicates a negative year-over-year growth rate of 14.3%. The company is expected to issue its next earnings report on Wednesday, May 8th.
On average, analysts expect that Energy Transfer LP Unit will report full-year earnings of $1.43 per share for the current fiscal year, with EPS estimates ranging from $1.23 to $1.72. For the next fiscal year, analysts forecast that the firm will report earnings of $1.42 per share, with EPS estimates ranging from $1.30 to $1.57. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Energy Transfer LP Unit.
Energy Transfer LP Unit (NYSE:ET) last issued its quarterly earnings results on Wednesday, February 20th. The pipeline company reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.04). The company had revenue of $13.57 billion during the quarter, compared to the consensus estimate of $14.67 billion. Energy Transfer LP Unit had a return on equity of 6.15% and a net margin of 3.18%. Energy Transfer LP Unit’s revenue for the quarter was up 18.5% on a year-over-year basis.
A number of brokerages have recently issued reports on ET. Zacks Investment Research raised shares of Energy Transfer LP Unit from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Wednesday. ValuEngine cut shares of Energy Transfer LP Unit from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Energy Transfer LP Unit in a research note on Thursday, February 21st. TheStreet raised shares of Energy Transfer LP Unit from a “c+” rating to a “b” rating in a research note on Thursday, February 21st. Finally, Evercore ISI began coverage on shares of Energy Transfer LP Unit in a research note on Tuesday, February 5th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $19.20.
Shares of NYSE:ET traded down $0.06 during trading on Tuesday, reaching $15.28. The company had a trading volume of 5,551,335 shares, compared to its average volume of 7,131,251. The firm has a market capitalization of $40.02 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 0.44 and a beta of 1.75. Energy Transfer LP Unit has a 12 month low of $11.68 and a 12 month high of $19.19. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.73 and a quick ratio of 0.54.
Energy Transfer LP Unit Company Profile
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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