Zacks: Analysts Anticipate Ferrellgas Partners, L.P. (FGP) to Post $0.26 EPS

Wall Street analysts expect that Ferrellgas Partners, L.P. (NYSE:FGP) will post earnings of $0.26 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Ferrellgas Partners’ earnings, with the highest EPS estimate coming in at $0.29 and the lowest estimate coming in at $0.22. Ferrellgas Partners posted earnings per share of $0.07 in the same quarter last year, which would indicate a positive year-over-year growth rate of 271.4%. The business is scheduled to issue its next quarterly earnings report on Friday, June 8th.

According to Zacks, analysts expect that Ferrellgas Partners will report full-year earnings of ($0.68) per share for the current financial year. For the next financial year, analysts forecast that the company will post earnings of $0.26 per share, with EPS estimates ranging from $0.11 to $0.41. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Ferrellgas Partners.

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Ferrellgas Partners (NYSE:FGP) last announced its earnings results on Thursday, March 8th. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.12). The business had revenue of $755.16 million for the quarter, compared to analysts’ expectations of $703.96 million. During the same quarter in the previous year, the firm posted $0.39 EPS. The firm’s quarterly revenue was up 30.4% on a year-over-year basis.

A number of brokerages have recently weighed in on FGP. Citigroup downgraded shares of Ferrellgas Partners from a “buy” rating to a “neutral” rating in a report on Tuesday, January 9th. Zacks Investment Research downgraded shares of Ferrellgas Partners from a “hold” rating to a “strong sell” rating in a report on Monday, December 11th. ValuEngine downgraded shares of Ferrellgas Partners from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. Royal Bank of Canada reaffirmed a “hold” rating and set a $5.00 price target on shares of Ferrellgas Partners in a report on Tuesday, January 16th. Finally, UBS cut their price target on shares of Ferrellgas Partners from $4.00 to $2.00 and set a “sell” rating for the company in a report on Thursday, March 29th. Three investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $4.25.

A number of hedge funds and other institutional investors have recently made changes to their positions in FGP. PEAK6 Investments L.P. increased its position in Ferrellgas Partners by 283.5% in the 3rd quarter. PEAK6 Investments L.P. now owns 20,639 shares of the oil and gas company’s stock valued at $106,000 after acquiring an additional 15,257 shares during the period. GSA Capital Partners LLP increased its position in Ferrellgas Partners by 86.3% in the 3rd quarter. GSA Capital Partners LLP now owns 315,391 shares of the oil and gas company’s stock valued at $1,621,000 after acquiring an additional 146,127 shares during the period. SeaCrest Wealth Management LLC acquired a new position in Ferrellgas Partners in the 4th quarter valued at approximately $763,000. Virtu Financial LLC acquired a new position in Ferrellgas Partners in the 4th quarter valued at approximately $113,000. Finally, Deutsche Bank AG increased its position in shares of Ferrellgas Partners by 82.5% during 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 period. Hedge funds and other institutional investors own 5.58% of the company’s stock.

Shares of Ferrellgas Partners stock traded down $0.16 on Friday, reaching $3.23. 188,060 shares of the stock were exchanged, compared to its average volume of 424,486. Ferrellgas Partners has a one year low of $2.87 and a one year high of $6.14. The company has a current ratio of 0.73, a quick ratio of 0.56 and a debt-to-equity ratio of -2.24. The company has a market cap of $329.35, a PE ratio of -5.87 and a beta of 0.58.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, March 9th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 12.38%. The ex-dividend date was Thursday, March 8th. Ferrellgas Partners’s dividend payout ratio (DPR) is currently -72.73%.

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Ferrellgas Partners Company Profile

Ferrellgas Partners, L.P. distributes and sells propane and related equipment and supplies primarily in the United States. It operates in two segments: Propane Operations and Related Equipment Sales, and Midstream Operations. The company transports propane to propane distribution locations, tanks on customers' premises, or to portable propane tanks delivered to retailers.

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