Brokerages expect Plains All American Pipeline, L.P. (NYSE:PAA – Get Rating) to announce $11.82 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Plains All American Pipeline’s earnings. The lowest sales estimate is $9.77 billion and the highest is $13.83 billion. Plains All American Pipeline reported sales of $9.93 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 19%. The business is scheduled to issue its next earnings results on Monday, January 1st.
On average, analysts expect that Plains All American Pipeline will report full year sales of $53.45 billion for the current fiscal year, with estimates ranging from $48.49 billion to $56.29 billion. For the next fiscal year, analysts expect that the company will report sales of $64.07 billion, with estimates ranging from $38.14 billion to $106.88 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Plains All American Pipeline.
Plains All American Pipeline (NYSE:PAA – Get Rating) last announced its quarterly earnings results on Wednesday, May 4th. The pipeline company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.06). Plains All American Pipeline had a net margin of 0.65% and a return on equity of 9.80%. The business had revenue of $13.69 billion for the quarter, compared to analyst estimates of $12.15 billion. During the same period in the prior year, the business earned $0.25 EPS. The company’s revenue for the quarter was up 63.4% compared to the same quarter last year.
Shares of NYSE:PAA opened at $10.91 on Thursday. Plains All American Pipeline has a 12-month low of $8.64 and a 12-month high of $12.38. The business has a 50 day moving average of $10.84 and a 200-day moving average of $10.45. The company has a quick ratio of 0.88, a current ratio of 0.94 and a debt-to-equity ratio of 0.76. The stock has a market cap of $7.69 billion, a PE ratio of 47.43 and a beta of 1.82.
The firm 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. The ex-dividend date of this dividend was Thursday, April 28th. This represents a $0.87 annualized dividend and a dividend yield of 7.97%. This is an increase from Plains All American Pipeline’s previous quarterly dividend of $0.18. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 378.26%.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Invesco Ltd. raised its holdings in Plains All American Pipeline by 38.9% during the 1st quarter. Invesco Ltd. now owns 17,415,219 shares of the pipeline company’s stock worth $187,388,000 after purchasing an additional 4,880,244 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Plains All American Pipeline by 4,193.8% during the first quarter. BNP Paribas Arbitrage SA now owns 2,506,010 shares of the pipeline company’s stock worth $26,965,000 after buying an additional 2,447,646 shares during the last quarter. Deutsche Bank AG grew its holdings in Plains All American Pipeline by 66.4% during the 4th quarter. Deutsche Bank AG now owns 5,983,910 shares of the pipeline company’s stock worth $55,890,000 after acquiring an additional 2,388,521 shares during the period. Natixis lifted its stake in shares of Plains All American Pipeline by 452.4% in the 3rd quarter. Natixis now owns 2,814,300 shares of the pipeline company’s stock valued at $28,621,000 after purchasing an additional 2,304,800 shares during the period. Finally, Cohen & Steers Inc. boosted its position in shares of Plains All American Pipeline by 397.5% during the 1st quarter. Cohen & Steers Inc. now owns 2,302,750 shares of the pipeline company’s stock valued at $24,778,000 after purchasing an additional 1,839,927 shares in the last quarter. 45.58% of the stock is currently owned by hedge funds and other institutional investors.
About Plains All American Pipeline (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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