Equities research analysts expect Enterprise Products Partners L.P. (NYSE:EPD – Get Rating) to report sales of $10.61 billion for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Enterprise Products Partners’ earnings, with the highest sales estimate coming in at $11.51 billion and the lowest estimate coming in at $9.70 billion. Enterprise Products Partners posted sales of $9.16 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 15.8%. The business is expected to announce its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Enterprise Products Partners will report full year sales of $44.59 billion for the current year, with estimates ranging from $40.37 billion to $48.82 billion. For the next financial year, analysts expect that the company will post sales of $47.31 billion, with estimates ranging from $41.15 billion to $53.46 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Enterprise Products Partners.
Enterprise Products Partners (NYSE:EPD – Get Rating) last announced its earnings results on Tuesday, February 1st. The oil and gas producer reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.02). Enterprise Products Partners had a net margin of 11.36% and a return on equity of 18.56%. The company had revenue of $11.37 billion for the quarter, compared to the consensus estimate of $9.67 billion. During the same period in the previous year, the firm posted $0.51 EPS. The company’s revenue for the quarter was up 61.4% on a year-over-year basis.
In other news, Director John R. Rutherford purchased 15,000 shares of the company’s stock in a transaction on Friday, February 18th. The stock was acquired at an average cost of $23.76 per share, for a total transaction of $356,400.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John R. Rutherford purchased 10,000 shares of the company’s stock in a transaction on Wednesday, February 2nd. The stock was purchased at an average price of $23.72 per share, with a total value of $237,200.00. The disclosure for this purchase can be found here. Insiders own 37.50% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of EPD. Morgan Stanley boosted its position in shares of Enterprise Products Partners by 17.6% in the second quarter. Morgan Stanley now owns 19,946,631 shares of the oil and gas producer’s stock worth $481,312,000 after purchasing an additional 2,986,213 shares during the period. Emfo LLC boosted its position in shares of Enterprise Products Partners by 143.5% in the third quarter. Emfo LLC now owns 6,702 shares of the oil and gas producer’s stock worth $145,000 after purchasing an additional 3,950 shares during the period. Financial Counselors Inc. boosted its position in shares of Enterprise Products Partners by 10.4% in the third quarter. Financial Counselors Inc. now owns 40,769 shares of the oil and gas producer’s stock worth $882,000 after purchasing an additional 3,856 shares during the period. Secure Asset Management LLC boosted its position in shares of Enterprise Products Partners by 3.5% during the third quarter. Secure Asset Management LLC now owns 16,010 shares of the oil and gas producer’s stock worth $346,000 after acquiring an additional 540 shares during the last quarter. Finally, Chicago Capital LLC boosted its position in shares of Enterprise Products Partners by 5.8% during the third quarter. Chicago Capital LLC now owns 23,818 shares of the oil and gas producer’s stock worth $515,000 after acquiring an additional 1,300 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.
Shares of NYSE EPD opened at $26.74 on Friday. Enterprise Products Partners has a 1 year low of $20.42 and a 1 year high of $26.85. The stock has a market cap of $58.20 billion, a P/E ratio of 12.73 and a beta of 1.25. The firm has a 50-day moving average of $24.91 and a 200 day moving average of $23.48. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.14 and a quick ratio of 0.91.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 12th. Investors of record on Friday, April 29th will be given a dividend of $0.465 per share. The ex-dividend date of this dividend is Thursday, April 28th. This represents a $1.86 annualized dividend and a yield of 6.96%. Enterprise Products Partners’s dividend payout ratio (DPR) is 88.57%.
Enterprise Products Partners Company Profile (Get Rating)
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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