Enterprise Products Partners (EPD) Scheduled to Post Quarterly Earnings on Wednesday

Enterprise Products Partners (NYSE:EPD) will issue its quarterly earnings data before the market opens on Wednesday, October 31st. Analysts expect the company to announce earnings of $0.45 per share for the quarter.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data on Wednesday, August 1st. The oil and gas producer reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.07. Enterprise Products Partners had a net margin of 8.95% and a return on equity of 14.42%. The firm had revenue of $8.47 billion for the quarter, compared to analyst estimates of $8.55 billion. During the same period last year, the firm posted $0.30 EPS. Enterprise Products Partners’s quarterly revenue was up 28.1% on a year-over-year basis. On average, analysts expect Enterprise Products Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NYSE:EPD opened at $26.37 on Monday. Enterprise Products Partners has a 1-year low of $23.10 and a 1-year high of $30.05. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.56 and a current ratio of 0.74. The firm has a market capitalization of $56.99 billion, a P/E ratio of 17.35, a PEG ratio of 5.00 and a beta of 0.91.



The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 8th. Investors of record on Wednesday, October 31st will be given a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 6.56%. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.43. The ex-dividend date is Tuesday, October 30th. Enterprise Products Partners’s dividend payout ratio (DPR) is 130.30%.

In other Enterprise Products Partners news, CEO Aj Teague bought 3,390 shares of Enterprise Products Partners stock in a transaction on Thursday, August 2nd. The stock was bought at an average price of $29.48 per share, with a total value of $99,937.20. Following the completion of the acquisition, the chief executive officer now owns 1,616,790 shares in the company, valued at $47,662,969.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 37.50% of the stock is currently owned by company insiders.

EPD has been the topic of a number of analyst reports. SunTrust Banks set a $33.00 price objective on shares of Enterprise Products Partners and gave the company a “buy” rating in a research report on Monday, July 23rd. Zacks Investment Research upgraded shares of Enterprise Products Partners from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Thursday, September 6th. Raymond James lifted their price objective on shares of Enterprise Products Partners from $34.00 to $35.00 and gave the company a “strong-buy” rating in a research report on Thursday, October 4th. Wells Fargo & Co lifted their price objective on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, October 8th. Finally, Goldman Sachs Group initiated coverage on shares of Enterprise Products Partners in a research report on Monday, October 8th. They issued a “neutral” rating and a $28.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $32.67.

About Enterprise Products Partners

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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Earnings History for Enterprise Products Partners (NYSE:EPD)

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