Analysts expect that Enterprise Products (NYSE:EPD) will post sales of $8.32 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Enterprise Products’ earnings, with the lowest sales estimate coming in at $7.78 billion and the highest estimate coming in at $8.85 billion. Enterprise Products posted sales of $7.32 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 13.7%. The business is scheduled to report its next earnings report before the market opens on Monday, April 30th.
On average, analysts expect that Enterprise Products will report full year sales of $32.72 billion for the current year, with estimates ranging from $29.83 billion to $36.76 billion. For the next financial year, analysts forecast that the firm will post sales of $37.15 billion per share, with estimates ranging from $32.02 billion to $42.27 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Enterprise Products.
Enterprise Products (NYSE:EPD) last released its quarterly earnings data on Wednesday, January 31st. The oil and gas producer reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. Enterprise Products had a net margin of 9.57% and a return on equity of 12.52%. The firm had revenue of $8.43 billion for the quarter, compared to the consensus estimate of $7.02 billion. During the same period last year, the firm earned $0.31 earnings per share. The company’s quarterly revenue was up 30.1% on a year-over-year basis.
In other news, CEO Aj Teague bought 20,000 shares of the stock in a transaction on Wednesday, March 7th. The stock was bought at an average cost of $24.86 per share, for a total transaction of $497,200.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 37.50% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Glenview Trust Co lifted its stake in shares of Enterprise Products by 21.5% during the fourth quarter. Glenview Trust Co now owns 11,391 shares of the oil and gas producer’s stock worth $302,000 after buying an additional 2,017 shares during the period. BSW Wealth Partners lifted its stake in shares of Enterprise Products by 26.5% during the fourth quarter. BSW Wealth Partners now owns 9,917 shares of the oil and gas producer’s stock worth $263,000 after buying an additional 2,080 shares during the period. FTB Advisors Inc. lifted its stake in shares of Enterprise Products by 22.1% during the fourth quarter. FTB Advisors Inc. now owns 12,036 shares of the oil and gas producer’s stock worth $319,000 after buying an additional 2,180 shares during the period. Huntington National Bank lifted its stake in shares of Enterprise Products by 1.4% during the fourth quarter. Huntington National Bank now owns 157,422 shares of the oil and gas producer’s stock worth $4,173,000 after buying an additional 2,200 shares during the period. Finally, Mycio Wealth Partners LLC lifted its stake in shares of Enterprise Products by 21.3% during the fourth quarter. Mycio Wealth Partners LLC now owns 12,703 shares of the oil and gas producer’s stock worth $337,000 after buying an additional 2,230 shares during the period. Institutional investors own 36.35% of the company’s stock.
Shares of NYSE EPD traded down $0.06 during midday trading on Friday, reaching $26.59. 2,887,186 shares of the company’s stock traded hands, compared to its average volume of 6,281,178. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.53 and a current ratio of 0.70. Enterprise Products has a one year low of $23.10 and a one year high of $29.51. The company has a market cap of $57,593.18, a PE ratio of 20.14, a P/E/G ratio of 4.28 and a beta of 0.84.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 8th. Shareholders of record on Monday, April 30th will be paid a $0.4275 dividend. This represents a $1.71 annualized dividend and a yield of 6.43%. This is an increase from Enterprise Products’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Friday, April 27th. Enterprise Products’s dividend payout ratio (DPR) is 128.79%.
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About Enterprise Products
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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