Analysts expect Enterprise Products Partners L.P. (NYSE:EPD) to post sales of $8.76 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Enterprise Products Partners’ earnings, with the lowest sales estimate coming in at $7.83 billion and the highest estimate coming in at $9.69 billion. Enterprise Products Partners posted sales of $8.47 billion during the same quarter last year, which suggests a positive year over year growth rate of 3.4%. The business is expected to report its next earnings report on Wednesday, August 7th.
According to Zacks, analysts expect that Enterprise Products Partners will report full year sales of $35.74 billion for the current year, with estimates ranging from $32.13 billion to $38.77 billion. For the next fiscal year, analysts forecast that the business will report sales of $37.25 billion, with estimates ranging from $34.26 billion to $40.44 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Enterprise Products Partners.
Enterprise Products Partners (NYSE:EPD) last released its earnings results on Wednesday, May 1st. The oil and gas producer reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. The company had revenue of $8.54 billion for the quarter, compared to the consensus estimate of $9.23 billion. Enterprise Products Partners had a net margin of 12.67% and a return on equity of 19.50%. The company’s revenue was down 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 EPS.
Shares of EPD traded down $0.17 during mid-day trading on Friday, hitting $28.85. 44,960 shares of the company’s stock were exchanged, compared to its average volume of 4,132,561. Enterprise Products Partners has a 52 week low of $23.33 and a 52 week high of $30.05. The company has a quick ratio of 0.58, a current ratio of 0.77 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $63.11 billion, a P/E ratio of 14.86, a P/E/G ratio of 3.35 and a beta of 0.90.
The firm also recently declared a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Tuesday, April 30th were issued a dividend of $0.4375 per share. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.44. This represents a $1.75 dividend on an annualized basis and a dividend yield of 6.07%. The ex-dividend date of this dividend was Monday, April 29th. Enterprise Products Partners’s dividend payout ratio is presently 90.21%.
Several large investors have recently made changes to their positions in the company. Nalls Sherbakoff Group LLC purchased a new stake in shares of Enterprise Products Partners during the fourth quarter worth about $25,000. Ffcm LLC grew its position in shares of Enterprise Products Partners by 50.0% during the fourth quarter. Ffcm LLC now owns 1,245 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 415 shares in the last quarter. Murphy Pohlad Asset Management LLC purchased a new stake in shares of Enterprise Products Partners during the fourth quarter worth about $31,000. Essex Savings Bank purchased a new position in Enterprise Products Partners during the 4th quarter valued at approximately $32,000. Finally, PRW Wealth Management LLC purchased a new position in Enterprise Products Partners during the 4th quarter valued at approximately $32,000. 36.70% of the stock is currently owned by hedge funds and other institutional investors.
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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