$0.12 Earnings Per Share Expected for Plains All American Pipeline, L.P. (NYSE:PAA) This Quarter

Brokerages expect Plains All American Pipeline, L.P. (NYSE:PAAGet Rating) to announce earnings per share of $0.12 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Plains All American Pipeline’s earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at $0.02. Plains All American Pipeline reported earnings per share of $0.23 in the same quarter last year, which suggests a negative year-over-year growth rate of 47.8%. The business is scheduled to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Plains All American Pipeline will report full year earnings of $0.83 per share for the current year, with EPS estimates ranging from $0.23 to $1.22. For the next year, analysts expect that the business will post earnings of $1.06 per share, with EPS estimates ranging from $0.33 to $1.84. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Plains All American Pipeline.

Plains All American Pipeline (NYSE:PAAGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The pipeline company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). The firm had revenue of $13.69 billion during the quarter, compared to analysts’ expectations of $12.15 billion. Plains All American Pipeline had a return on equity of 9.80% and a net margin of 0.65%. The business’s quarterly revenue was up 63.4% on a year-over-year basis. During the same quarter last year, the business earned $0.25 earnings per share.

PAA has been the topic of a number of recent research reports. StockNews.com cut Plains All American Pipeline from a “buy” rating to a “hold” rating in a report on Thursday, May 5th. Bank of America raised their price objective on Plains All American Pipeline from $10.50 to $11.00 and gave the company an “underperform” rating in a research report on Tuesday, January 18th. Sanford C. Bernstein upgraded Plains All American Pipeline from a “market perform” rating to an “outperform” rating and set a $14.50 price objective for the company in a research report on Tuesday, January 25th. TD Securities lifted their price target on Plains All American Pipeline from $13.50 to $14.00 and gave the stock a “buy” rating in a research report on Friday, February 11th. Finally, Credit Suisse Group upgraded Plains All American Pipeline from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $13.00 to $14.00 in a research report on Thursday, May 12th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $13.46.

Institutional investors and hedge funds have recently made changes to their positions in the company. Cushing Asset Management LP lifted its position in shares of Plains All American Pipeline by 62.8% during the 3rd quarter. Cushing Asset Management LP now owns 120,680 shares of the pipeline company’s stock worth $1,227,000 after purchasing an additional 46,556 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Plains All American Pipeline by 28.0% during the third quarter. LPL Financial LLC now owns 167,177 shares of the pipeline company’s stock worth $1,700,000 after purchasing an additional 36,561 shares during the last quarter. Advisor Group Holdings Inc. grew its holdings in shares of Plains All American Pipeline by 11.7% during the fourth quarter. Advisor Group Holdings Inc. now owns 179,339 shares of the pipeline company’s stock worth $1,676,000 after purchasing an additional 18,781 shares during the last quarter. Securian Asset Management Inc. grew its holdings in shares of Plains All American Pipeline by 7.5% during the fourth quarter. Securian Asset Management Inc. now owns 540,798 shares of the pipeline company’s stock worth $5,051,000 after buying an additional 37,600 shares during the last quarter. Finally, Roosevelt Investment Group LLC grew its holdings in shares of Plains All American Pipeline by 57.4% during the fourth quarter. Roosevelt Investment Group LLC now owns 19,200 shares of the pipeline company’s stock worth $179,000 after buying an additional 7,000 shares during the last quarter. 45.58% of the stock is currently owned by hedge funds and other institutional investors.

Plains All American Pipeline stock traded up $0.10 during trading on Tuesday, reaching $10.81. The company had a trading volume of 11,251 shares, compared to its average volume of 5,811,083. Plains All American Pipeline has a 52 week low of $8.64 and a 52 week high of $12.38. The firm’s 50-day simple moving average is $10.84 and its 200 day simple moving average is $10.44. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of 47.00 and a beta of 1.82. The company has a current ratio of 0.94, a quick ratio of 0.88 and a debt-to-equity ratio of 0.76.

The business also recently declared a quarterly dividend, which was paid on Friday, May 13th. Stockholders of record on Friday, April 29th were paid a dividend of $0.2175 per share. This represents a $0.87 annualized dividend and a dividend yield of 8.05%. The ex-dividend date of this dividend was Thursday, April 28th. This is an increase from Plains All American Pipeline’s previous quarterly dividend of $0.18. Plains All American Pipeline’s payout ratio is currently 378.26%.

Plains All American Pipeline Company Profile (Get Rating)

Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminalling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates in two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and at times on barges or railcars.

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Earnings History and Estimates for Plains All American Pipeline (NYSE:PAA)

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