Zacks: Analysts Expect Plains All American Pipeline, L.P. (NYSE:PAA) Will Post Quarterly Sales of $8.23 Billion

Brokerages expect that Plains All American Pipeline, L.P. (NYSE:PAA) will announce sales of $8.23 billion for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Plains All American Pipeline’s earnings. The lowest sales estimate is $7.69 billion and the highest is $8.86 billion. Plains All American Pipeline reported sales of $8.08 billion in the same quarter last year, which indicates a positive year over year growth rate of 1.9%. The business is expected to announce its next earnings results after the market closes on Tuesday, August 6th.

According to Zacks, analysts expect that Plains All American Pipeline will report full-year sales of $33.30 billion for the current financial year, with estimates ranging from $28.39 billion to $35.76 billion. For the next financial year, analysts expect that the firm will report sales of $34.38 billion, with estimates ranging from $24.18 billion to $40.90 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Plains All American Pipeline.

Plains All American Pipeline (NYSE:PAA) last released its quarterly earnings data on Tuesday, May 7th. The pipeline company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.10. Plains All American Pipeline had a net margin of 8.51% and a return on equity of 20.70%. The company had revenue of $8.38 billion during the quarter, compared to analyst estimates of $8.77 billion. During the same quarter in the prior year, the business earned $0.61 earnings per share. The business’s quarterly revenue was down .3% compared to the same quarter last year.



Several equities research analysts have recently issued reports on PAA shares. Royal Bank of Canada reissued an “equal weight” rating on shares of Lululemon Athletica in a research report on Friday, June 14th. Wolfe Research lowered shares of Enbridge from an “outperform” rating to a “peer perform” rating and set a $37.00 price objective for the company. in a research report on Thursday, June 13th. Finally, Piper Jaffray Companies dropped their price objective on shares of Inovio Pharmaceuticals from $12.00 to $10.00 and set an “overweight” rating for the company in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and sixteen have issued a buy rating to the stock. Plains All American Pipeline has an average rating of “Buy” and a consensus price target of $28.73.

In other Plains All American Pipeline news, insider Emg Investment, Llc sold 8,179,284 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $23.10, for a total transaction of $188,941,460.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cypress Wealth Advisors LLC lifted its position in shares of Plains All American Pipeline by 27.2% in the 1st quarter. Cypress Wealth Advisors LLC now owns 70,800 shares of the pipeline company’s stock worth $1,735,000 after buying an additional 15,150 shares during the last quarter. LSP Investment Advisors LLC lifted its position in shares of Plains All American Pipeline by 4.0% in the 4th quarter. LSP Investment Advisors LLC now owns 1,188,797 shares of the pipeline company’s stock worth $23,823,000 after buying an additional 45,685 shares during the last quarter. Holistic Financial Partners bought a new position in shares of Plains All American Pipeline in the 1st quarter worth about $394,000. RR Advisors LLC lifted its position in shares of Plains All American Pipeline by 0.9% in the 1st quarter. RR Advisors LLC now owns 2,114,000 shares of the pipeline company’s stock worth $51,809,000 after buying an additional 18,000 shares during the last quarter. Finally, Stephens Inc. AR lifted its position in shares of Plains All American Pipeline by 5.6% in the 1st quarter. Stephens Inc. AR now owns 124,399 shares of the pipeline company’s stock worth $3,049,000 after buying an additional 6,631 shares during the last quarter. Hedge funds and other institutional investors own 48.65% of the company’s stock.

Shares of Plains All American Pipeline stock traded up $0.44 during trading hours on Wednesday, hitting $25.04. The company’s stock had a trading volume of 2,019,000 shares, compared to its average volume of 2,128,051. Plains All American Pipeline has a 1-year low of $19.33 and a 1-year high of $27.70. The firm has a fifty day moving average price of $23.98. The firm has a market cap of $17.93 billion, a P/E ratio of 13.32 and a beta of 1.01. The company has a quick ratio of 0.90, a current ratio of 1.02 and a debt-to-equity ratio of 0.91.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date of this dividend is Tuesday, July 30th. Plains All American Pipeline’s payout ratio is 76.60%.

Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), and natural gas in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics.

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Earnings History and Estimates for Plains All American Pipeline (NYSE:PAA)

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