$0.42 EPS Expected for Enterprise Products Partners L.P. (EPD) This Quarter
Equities analysts expect Enterprise Products Partners L.P. (NYSE:EPD) to announce $0.42 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Enterprise Products Partners’ earnings. The highest EPS estimate is $0.47 and the lowest is $0.35. Enterprise Products Partners reported earnings per share of $0.30 in the same quarter last year, which suggests a positive year-over-year growth rate of 40%. The company is scheduled to report its next earnings results on Thursday, November 1st.
According to Zacks, analysts expect that Enterprise Products Partners will report full year earnings of $1.58 per share for the current year, with EPS estimates ranging from $1.49 to $1.65. For the next year, analysts forecast that the business will post earnings of $1.77 per share, with EPS estimates ranging from $1.67 to $1.85. Zacks’ EPS averages are an average based on a survey of analysts that follow Enterprise Products Partners.
Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Wednesday, August 1st. The oil and gas producer reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.07. The business had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $8.55 billion. Enterprise Products Partners had a net margin of 8.95% and a return on equity of 14.42%. The business’s revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 EPS.
Shares of EPD opened at $29.06 on Wednesday. The stock has a market capitalization of $63.90 billion, a PE ratio of 22.02, a P/E/G ratio of 5.94 and a beta of 0.94. Enterprise Products Partners has a 52-week low of $23.10 and a 52-week high of $30.05. The company has a quick ratio of 0.56, a current ratio of 0.74 and a debt-to-equity ratio of 1.00.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 8th. Investors of record on Tuesday, July 31st were issued a $0.43 dividend. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Monday, July 30th. This represents a $1.72 annualized dividend and a yield of 5.92%. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 130.30%.
In other news, CEO Aj Teague acquired 3,390 shares of the company’s stock in a transaction dated Thursday, August 2nd. The shares were bought at an average price of $29.48 per share, for a total transaction of $99,937.20. Following the completion of the purchase, the chief executive officer now directly owns 1,616,790 shares of the company’s stock, valued at approximately $47,662,969.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 37.50% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Glenview Trust Co increased its stake in shares of Enterprise Products Partners by 18.5% in the second quarter. Glenview Trust Co now owns 11,109 shares of the oil and gas producer’s stock worth $307,000 after buying an additional 1,735 shares during the last quarter. Gilman Hill Asset Management LLC increased its stake in shares of Enterprise Products Partners by 1.3% in the second quarter. Gilman Hill Asset Management LLC now owns 140,292 shares of the oil and gas producer’s stock worth $3,882,000 after buying an additional 1,755 shares during the last quarter. Central Bank & Trust Co. increased its stake in shares of Enterprise Products Partners by 7.3% in the second quarter. Central Bank & Trust Co. now owns 26,826 shares of the oil and gas producer’s stock worth $742,000 after buying an additional 1,826 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Enterprise Products Partners by 6.4% in the second quarter. Envestnet Asset Management Inc. now owns 30,863 shares of the oil and gas producer’s stock worth $854,000 after buying an additional 1,849 shares during the last quarter. Finally, Tocqueville Asset Management L.P. boosted its holdings in Enterprise Products Partners by 9.4% in the second quarter. Tocqueville Asset Management L.P. now owns 22,711 shares of the oil and gas producer’s stock worth $628,000 after purchasing an additional 1,950 shares during the period. Institutional investors and hedge funds own 36.51% of the company’s stock.
About Enterprise Products Partners
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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