Brokerages Anticipate Energy Transfer LP (NYSE:ET) to Post $0.26 Earnings Per Share

Brokerages expect Energy Transfer LP (NYSE:ET) to announce earnings per share (EPS) of $0.26 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Energy Transfer’s earnings. The lowest EPS estimate is $0.18 and the highest is $0.32. Energy Transfer posted earnings of $0.30 per share in the same quarter last year, which suggests a negative year over year growth rate of 13.3%. The business is expected to issue its next quarterly earnings report on Wednesday, November 3rd.

According to Zacks, analysts expect that Energy Transfer will report full-year earnings of $1.99 per share for the current year, with EPS estimates ranging from $1.90 to $2.06. For the next fiscal year, analysts forecast that the firm will post earnings of $1.17 per share, with EPS estimates ranging from $0.86 to $1.42. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Energy Transfer.

Energy Transfer (NYSE:ET) last issued its quarterly earnings results on Tuesday, August 3rd. The pipeline company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.06). The firm had revenue of $15.10 billion for the quarter, compared to analysts’ expectations of $15.54 billion. Energy Transfer had a return on equity of 16.03% and a net margin of 6.99%.

ET has been the subject of a number of recent analyst reports. Raymond James boosted their target price on shares of Energy Transfer from $12.00 to $13.00 and gave the company a “strong-buy” rating in a report on Wednesday, July 21st. Wolfe Research raised shares of Energy Transfer from a “peer perform” rating to an “outperform” rating and lifted their price target for the company from $12.00 to $13.00 in a research report on Friday, July 16th. Zacks Investment Research cut shares of Energy Transfer from a “buy” rating to a “hold” rating in a research report on Friday, August 6th. Finally, Citigroup lifted their price target on shares of Energy Transfer from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, September 14th. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $12.64.

Energy Transfer stock traded down $0.04 during trading on Friday, reaching $9.10. The company had a trading volume of 22,779,266 shares, compared to its average volume of 17,795,479. Energy Transfer has a 12-month low of $4.98 and a 12-month high of $11.55. The stock’s 50 day moving average price is $9.53 and its two-hundred day moving average price is $9.37. The firm has a market capitalization of $24.61 billion, a price-to-earnings ratio of 6.95 and a beta of 2.50. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.77 and a current ratio of 0.96.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 19th. Stockholders of record on Friday, August 6th were given a dividend of $0.1525 per share. The ex-dividend date was Thursday, August 5th. This represents a $0.61 annualized dividend and a dividend yield of 6.70%. Energy Transfer’s dividend payout ratio is currently -338.89%.

In other Energy Transfer news, CFO Bradford D. Whitehurst purchased 5,000 shares of the business’s stock in a transaction on Monday, August 9th. The stock was bought at an average cost of $9.21 per share, with a total value of $46,050.00. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard D. Brannon purchased 24,500 shares of the business’s stock in a transaction on Wednesday, September 15th. The stock was acquired at an average cost of $9.33 per share, with a total value of $228,585.00. The disclosure for this purchase can be found here. Insiders have bought 2,174,870 shares of company stock valued at $20,089,255 in the last 90 days. Insiders own 3.28% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. CX Institutional purchased a new stake in Energy Transfer during the second quarter valued at about $26,000. Hillsdale Investment Management Inc. acquired a new position in shares of Energy Transfer in the 2nd quarter valued at about $27,000. Bbva USA acquired a new position in shares of Energy Transfer in the 2nd quarter valued at about $27,000. Itau Unibanco Holding S.A. acquired a new position in shares of Energy Transfer in the 2nd quarter valued at about $35,000. Finally, Interactive Financial Advisors increased its holdings in shares of Energy Transfer by 82.5% in the 1st quarter. Interactive Financial Advisors now owns 4,642 shares of the pipeline company’s stock valued at $36,000 after purchasing an additional 2,098 shares during the period. 37.96% of the stock is owned by institutional investors.

About Energy Transfer

Energy Transfer LP provides natural gas pipeline transportation and transmission services. It operates through the following segments: Intrastate Transportation and Storage, Interstate Transportation and Storage, Midstream, NGL and Refined Products Transportation and Services, Crude Oil Transportation and Services, Investment in Sunoco LP, Investment in USAC, and All Other.

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Earnings History and Estimates for Energy Transfer (NYSE:ET)

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