$0.42 Earnings Per Share Expected for Pembina Pipeline Corp (PBA) This Quarter
Brokerages forecast that Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) will report earnings per share of $0.42 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Pembina Pipeline’s earnings. The highest EPS estimate is $0.52 and the lowest is $0.36. Pembina Pipeline posted earnings per share of $0.22 during the same quarter last year, which suggests a positive year over year growth rate of 90.9%. The business is scheduled to issue its next quarterly earnings results on Thursday, February 22nd.
According to Zacks, analysts expect that Pembina Pipeline will report full year earnings of $1.19 per share for the current year, with EPS estimates ranging from $1.12 to $1.32. For the next fiscal year, analysts forecast that the company will report earnings of $1.76 per share, with EPS estimates ranging from $1.53 to $2.07. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Pembina Pipeline.
PBA has been the topic of a number of analyst reports. Zacks Investment Research lowered Pembina Pipeline from a “hold” rating to a “sell” rating in a report on Wednesday, November 29th. Macquarie lowered Pembina Pipeline from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 29th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $39.00.
Shares of Pembina Pipeline (NYSE:PBA) traded down $0.57 on Friday, reaching $34.53. The company’s stock had a trading volume of 431,249 shares, compared to its average volume of 459,508. Pembina Pipeline has a 12 month low of $30.32 and a 12 month high of $36.29. The stock has a market cap of $17,636.56, a price-to-earnings ratio of 35.46 and a beta of 0.74. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.78 and a quick ratio of 0.60.
The business also recently declared a dec 17 dividend, which will be paid on Monday, January 15th. Stockholders of record on Sunday, December 31st will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, December 28th. This represents a dividend yield of 4.84%. Pembina Pipeline’s payout ratio is 171.72%.
About Pembina Pipeline
Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.
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