Equities research analysts expect that Enterprise Products Partners L.P. (NYSE:EPD) will post earnings of $0.55 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Enterprise Products Partners’ earnings. The highest EPS estimate is $0.59 and the lowest is $0.49. Enterprise Products Partners posted earnings of $0.59 per share during the same quarter last year, which would indicate a negative year over year growth rate of 6.8%. The firm is scheduled to report its next earnings results on Thursday, January 30th.
On average, analysts expect that Enterprise Products Partners will report full-year earnings of $2.14 per share for the current fiscal year, with EPS estimates ranging from $2.10 to $2.18. For the next year, analysts expect that the company will report earnings of $2.21 per share, with EPS estimates ranging from $2.02 to $2.38. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Enterprise Products Partners.
Enterprise Products Partners (NYSE:EPD) last issued its earnings results on Monday, October 28th. The oil and gas producer reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.05). The business had revenue of $7.96 billion during the quarter, compared to analyst estimates of $8.97 billion. Enterprise Products Partners had a net margin of 14.07% and a return on equity of 19.59%. Enterprise Products Partners’s revenue for the quarter was down 16.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS.
A number of brokerages have recently weighed in on EPD. Zacks Investment Research downgraded Enterprise Products Partners from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a report on Monday, August 26th. Royal Bank of Canada began coverage on Enterprise Products Partners in a report on Tuesday, September 3rd. They issued an “outperform” rating and a $35.00 target price on the stock. Scotia Howard Weill began coverage on Enterprise Products Partners in a report on Wednesday, September 4th. They issued an “outperform” rating on the stock. Finally, Scotiabank began coverage on Enterprise Products Partners in a report on Tuesday, September 3rd. They issued an “outperform” rating and a $35.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $33.88.
Shares of EPD traded up $0.49 during trading hours on Friday, reaching $28.16. The company’s stock had a trading volume of 9,096,668 shares, compared to its average volume of 4,206,883. The firm has a market cap of $58.49 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 3.05 and a beta of 0.87. Enterprise Products Partners has a 1-year low of $23.33 and a 1-year high of $30.86. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 1.00. The company has a 50 day moving average of $26.51 and a two-hundred day moving average of $28.21.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were issued a $0.4425 dividend. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $1.77 dividend on an annualized basis and a dividend yield of 6.29%. Enterprise Products Partners’s dividend payout ratio is currently 91.24%.
In other Enterprise Products Partners news, Director Randa Duncan Williams bought 322,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were bought at an average price of $25.96 per share, for a total transaction of $8,359,120.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 37.50% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. TCI Wealth Advisors Inc. grew its stake in shares of Enterprise Products Partners by 400.0% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,000 shares of the oil and gas producer’s stock valued at $29,000 after buying an additional 800 shares in the last quarter. D Orazio & Associates Inc. bought a new stake in shares of Enterprise Products Partners in the 3rd quarter valued at approximately $30,000. Centersquare Investment Management LLC bought a new stake in shares of Enterprise Products Partners in the 2nd quarter valued at approximately $34,000. TRUE Private Wealth Advisors bought a new stake in shares of Enterprise Products Partners in the 2nd quarter valued at approximately $41,000. Finally, Massey Quick Simon & CO. LLC grew its stake in shares of Enterprise Products Partners by 1,242.6% in the 3rd quarter. Massey Quick Simon & CO. LLC now owns 1,450 shares of the oil and gas producer’s stock valued at $41,000 after buying an additional 1,342 shares in the last quarter. 36.95% of the stock is owned by institutional investors and hedge funds.
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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