Equities research analysts predict that Ferrellgas Partners, L.P. (NYSE:FGP) will post earnings of ($0.40) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Ferrellgas Partners’ earnings, with estimates ranging from ($0.41) to ($0.39). Ferrellgas Partners posted earnings of ($0.57) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 29.8%. The firm is scheduled to announce its next earnings report on Thursday, September 27th.
According to Zacks, analysts expect that Ferrellgas Partners will report full year earnings of ($0.81) per share for the current year. For the next financial year, analysts forecast that the company will report earnings of $0.24 per share, with EPS estimates ranging from $0.07 to $0.41. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Ferrellgas Partners.
Ferrellgas Partners (NYSE:FGP) last announced its quarterly earnings data on Thursday, June 7th. The oil and gas company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.06). The business had revenue of $515.81 million for the quarter, compared to the consensus estimate of $621.28 million.
Shares of NYSE FGP remained flat at $$3.37 during mid-day trading on Thursday. 315,992 shares of the company were exchanged, compared to its average volume of 272,958. The company has a debt-to-equity ratio of -2.46, a current ratio of 1.08 and a quick ratio of 0.81. The stock has a market cap of $327.40 million, a P/E ratio of -6.13 and a beta of 0.53. Ferrellgas Partners has a 1 year low of $2.87 and a 1 year high of $5.75.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, June 7th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 11.87%. The ex-dividend date of this dividend is Wednesday, June 6th. Ferrellgas Partners’s dividend payout ratio (DPR) is -72.73%.
Several hedge funds and other institutional investors have recently bought and sold shares of FGP. UBS Group AG boosted its stake in Ferrellgas Partners by 100.9% during the 1st quarter. UBS Group AG now owns 908,284 shares of the oil and gas company’s stock worth $2,834,000 after purchasing an additional 456,130 shares during the period. GSA Capital Partners LLP boosted its stake in Ferrellgas Partners by 559.2% during the 1st quarter. GSA Capital Partners LLP now owns 247,802 shares of the oil and gas company’s stock worth $773,000 after purchasing an additional 210,212 shares during the period. Deutsche Bank AG boosted its stake in Ferrellgas Partners by 82.5% during the 4th quarter. Deutsche Bank AG now owns 105,801 shares of the oil and gas company’s stock worth $452,000 after purchasing an additional 47,826 shares during the period. LPL Financial LLC boosted its stake in Ferrellgas Partners by 29.5% during the 1st quarter. LPL Financial LLC now owns 91,749 shares of the oil and gas company’s stock worth $286,000 after purchasing an additional 20,909 shares during the period. Finally, Artisan Partners Limited Partnership acquired a new stake in Ferrellgas Partners during the 1st quarter worth $281,000. 6.45% of the stock is currently owned by hedge funds and other institutional investors.
About Ferrellgas Partners
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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