Analysts expect that Ferrellgas Partners, L.P. (NYSE:FGP) will report earnings of $0.22 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Ferrellgas Partners’ earnings. Ferrellgas Partners reported earnings of $0.07 per share in the same quarter last year, which would suggest a positive year over year growth rate of 214.3%. The firm is scheduled to announce its next earnings results on Friday, June 8th.
On average, analysts expect that Ferrellgas Partners will report full-year earnings of ($0.68) per share for the current financial year. For the next fiscal year, analysts forecast that the business will report earnings of $0.11 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Ferrellgas Partners.
Ferrellgas Partners (NYSE:FGP) last issued its quarterly earnings results on Thursday, March 8th. The oil and gas company reported $0.49 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.12). The company had revenue of $755.16 million during the quarter, compared to the consensus estimate of $703.96 million. The company’s revenue was up 30.4% compared to the same quarter last year. During the same period last year, the firm earned $0.39 earnings per share.
A number of large investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP increased its position in Ferrellgas Partners by 86.3% in the third quarter. GSA Capital Partners LLP now owns 315,391 shares of the oil and gas company’s stock worth $1,621,000 after buying an additional 146,127 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in Ferrellgas Partners in the fourth quarter worth $763,000. Deutsche Bank AG increased its position in Ferrellgas Partners by 82.5% in the fourth quarter. Deutsche Bank AG now owns 105,801 shares of the oil and gas company’s stock worth $452,000 after buying an additional 47,826 shares during the last quarter. Virtu Financial LLC purchased a new stake in Ferrellgas Partners in the fourth quarter worth $113,000. Finally, PEAK6 Investments L.P. increased its position in Ferrellgas Partners by 283.5% in the third quarter. PEAK6 Investments L.P. now owns 20,639 shares of the oil and gas company’s stock worth $106,000 after buying an additional 15,257 shares during the last quarter. 5.66% of the stock is owned by institutional investors and hedge funds.
Shares of Ferrellgas Partners (FGP) traded down $0.05 on Tuesday, hitting $3.55. The company had a trading volume of 838,124 shares, compared to its average volume of 226,022. The company has a quick ratio of 0.56, a current ratio of 0.73 and a debt-to-equity ratio of -2.24. The stock has a market capitalization of $344.89, a P/E ratio of -3.51 and a beta of 0.44. Ferrellgas Partners has a one year low of $3.30 and a one year high of $6.40.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 9th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 11.27%. The ex-dividend date is Thursday, March 8th. Ferrellgas Partners’s dividend payout ratio is currently -39.60%.
About Ferrellgas Partners
Ferrellgas Partners, L.P. is engaged in the retail distribution of propane and related equipment sales, and midstream operations, which include crude oil logistics. The Company’s segments include propane and related equipment sales, midstream operations-crude oil logistics, and corporate and other. The propane and related equipment sales segment consists of the distribution of propane and related equipment and supplies.
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