Energy Transfer (ET) to Release Earnings on Wednesday

Energy Transfer (NYSE:ET) is scheduled to release its earnings data after the market closes on Wednesday, May 8th. Analysts expect Energy Transfer to post earnings of $0.31 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Energy Transfer (NYSE:ET) last issued its earnings results on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.08. The company had revenue of $20.53 billion for the quarter, compared to the consensus estimate of $21.46 billion. Energy Transfer had a return on equity of 12.17% and a net margin of 4.85%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the company earned $0.34 EPS. On average, analysts expect Energy Transfer to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Energy Transfer Price Performance

Energy Transfer stock opened at $15.89 on Monday. The firm has a market capitalization of $53.54 billion, a PE ratio of 14.58 and a beta of 1.63. Energy Transfer has a 12-month low of $12.18 and a 12-month high of $16.07. The firm has a 50-day moving average price of $15.46 and a 200-day moving average price of $14.40. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 1.37.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 13th will be issued a $0.317 dividend. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.98%. Energy Transfer’s payout ratio is presently 115.60%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ET shares. Mizuho reissued a “buy” rating and issued a $19.00 price objective (up previously from $18.00) on shares of Energy Transfer in a research note on Thursday, April 18th. UBS Group decreased their price objective on Energy Transfer from $23.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, February 15th. Finally, Citigroup upped their target price on Energy Transfer from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

About Energy Transfer

Energy Transfer LP provides energy-related services. The company owns and operates natural gas transportation pipeline, and natural gas storage facilities in Texas and Oklahoma; and approximately 20,090 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users.