Mplx (MPLX) to Release Quarterly Earnings on Tuesday

Mplx (NYSE:MPLX) will be posting its quarterly earnings results before the market opens on Tuesday, April 30th. Analysts expect Mplx to post earnings of $0.97 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Mplx (NYSE:MPLX) last announced its quarterly earnings data on Tuesday, January 30th. The pipeline company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.15. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.88 billion. Mplx had a net margin of 34.82% and a return on equity of 31.85%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.78 earnings per share. On average, analysts expect Mplx to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Mplx Stock Performance

Shares of MPLX opened at $41.20 on Tuesday. The stock has a 50-day moving average of $40.33 and a 200-day moving average of $37.85. Mplx has a one year low of $33.12 and a one year high of $42.89. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.07 and a quick ratio of 1.01. The company has a market cap of $41.64 billion, a PE ratio of 10.81 and a beta of 1.35.

Mplx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Monday, February 5th were paid a $0.85 dividend. The ex-dividend date was Friday, February 2nd. This represents a $3.40 dividend on an annualized basis and a yield of 8.25%. Mplx’s dividend payout ratio (DPR) is presently 89.24%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Barclays increased their target price on Mplx from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Raymond James raised their price objective on shares of Mplx from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. UBS Group lifted their price objective on shares of Mplx from $46.00 to $49.00 and gave the company a “buy” rating in a report on Friday, April 12th. Royal Bank of Canada upped their target price on shares of Mplx from $45.00 to $46.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Finally, StockNews.com upgraded Mplx from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 31st. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $43.86.

Mplx Company Profile

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products and renewables; and sale of residue gas and condensate.