Wall Street analysts expect Enterprise Products Partners L.P. (NYSE:EPD) to post sales of $8.64 billion for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Enterprise Products Partners’ earnings, with estimates ranging from $8.08 billion to $9.74 billion. Enterprise Products Partners posted sales of $9.59 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 9.9%. The business is expected to report its next quarterly earnings results on Wednesday, October 30th.
According to Zacks, analysts expect that Enterprise Products Partners will report full year sales of $35.14 billion for the current financial year, with estimates ranging from $33.09 billion to $37.76 billion. For the next year, analysts expect that the firm will report sales of $36.74 billion, with estimates ranging from $33.80 billion to $40.66 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Enterprise Products Partners.
Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Wednesday, July 31st. The oil and gas producer reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. Enterprise Products Partners had a return on equity of 20.02% and a net margin of 14.26%. The company had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $8.57 billion. During the same quarter in the previous year, the firm earned $0.31 EPS. Enterprise Products Partners’s revenue was down 2.3% on a year-over-year basis.
In related news, Director Murray E. Brasseux purchased 5,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was bought at an average price of $30.00 per share, with a total value of $150,000.00. Following the completion of the purchase, the director now owns 17,885 shares in the company, valued at approximately $536,550. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 37.50% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Mcmillion Capital Management Inc. bought a new stake in shares of Enterprise Products Partners during the 2nd quarter valued at about $29,000. Centersquare Investment Management LLC bought a new stake in shares of Enterprise Products Partners during the 2nd quarter valued at about $34,000. TRUE Private Wealth Advisors bought a new stake in shares of Enterprise Products Partners during the 2nd quarter valued at about $41,000. Knuff & Co LLC bought a new stake in shares of Enterprise Products Partners during the 1st quarter valued at about $42,000. Finally, Tompkins Financial Corp boosted its position in shares of Enterprise Products Partners by 163.8% during the 1st quarter. Tompkins Financial Corp now owns 1,530 shares of the oil and gas producer’s stock valued at $44,000 after purchasing an additional 950 shares in the last quarter. 36.52% of the stock is owned by institutional investors.
Shares of Enterprise Products Partners stock traded down $0.33 during trading on Friday, reaching $28.96. 2,550,818 shares of the company’s stock were exchanged, compared to its average volume of 3,987,313. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.75 and a current ratio of 1.00. Enterprise Products Partners has a 1-year low of $23.33 and a 1-year high of $30.86. The company has a market cap of $64.01 billion, a P/E ratio of 14.93, a PEG ratio of 3.35 and a beta of 0.88. The firm’s 50-day moving average price is $29.51 and its 200 day moving average price is $28.86.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were paid a $0.44 dividend. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Tuesday, July 30th. This represents a $1.76 annualized dividend and a dividend yield of 6.08%. Enterprise Products Partners’s dividend payout ratio is presently 90.72%.
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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