$0.45 EPS Expected for Holly Energy Partners, L.P. (HEP) This Quarter
Wall Street analysts forecast that Holly Energy Partners, L.P. (NYSE:HEP) will post earnings of $0.45 per share for the current quarter, Zacks reports. Three analysts have provided estimates for Holly Energy Partners’ earnings. The highest EPS estimate is $0.47 and the lowest is $0.42. Holly Energy Partners reported earnings of $0.56 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 19.6%. The company is scheduled to issue its next earnings results on Tuesday, February 19th.
On average, analysts expect that Holly Energy Partners will report full-year earnings of $1.70 per share for the current fiscal year, with EPS estimates ranging from $1.66 to $1.72. For the next financial year, analysts forecast that the business will report earnings of $1.83 per share, with EPS estimates ranging from $1.80 to $1.85. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Holly Energy Partners.
Holly Energy Partners (NYSE:HEP) last posted its earnings results on Tuesday, October 30th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. Holly Energy Partners had a return on equity of 33.48% and a net margin of 43.25%. The firm had revenue of $125.80 million for the quarter, compared to analyst estimates of $125.79 million. During the same quarter in the prior year, the company earned $0.66 EPS. Holly Energy Partners’s revenue was up 13.9% on a year-over-year basis.
HEP opened at $29.99 on Friday. Holly Energy Partners has a 12-month low of $26.08 and a 12-month high of $34.62. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 2.64. The stock has a market cap of $3.15 billion, a P/E ratio of 17.04 and a beta of 0.94.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 8th. Shareholders of record on Monday, October 29th were given a $0.665 dividend. The ex-dividend date was Friday, October 26th. This represents a $2.66 dividend on an annualized basis and a yield of 8.87%. This is a positive change from Holly Energy Partners’s previous quarterly dividend of $0.66. Holly Energy Partners’s dividend payout ratio (DPR) is currently 151.14%.
A number of hedge funds have recently bought and sold shares of HEP. Bank of Montreal Can acquired a new stake in Holly Energy Partners in the 3rd quarter valued at about $122,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Holly Energy Partners in the 2nd quarter valued at about $230,000. Private Advisor Group LLC acquired a new stake in Holly Energy Partners in the 3rd quarter valued at about $238,000. Virtu Financial LLC acquired a new stake in Holly Energy Partners in the 2nd quarter valued at about $250,000. Finally, Russell Investments Group Ltd. acquired a new stake in Holly Energy Partners in the 3rd quarter valued at about $286,000. 31.53% of the stock is currently owned by institutional investors.
About Holly Energy Partners
Holly Energy Partners, L.P. owns and operates petroleum product and crude pipelines, storage tanks, distribution terminals, loading rack facilities, and refinery processing units that support the refining and marketing operations of HollyFrontier Corporation in West Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Arizona, Idaho, and Washington.
Read More: Moving Average (MA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Holly Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Holly Energy Partners and related companies with MarketBeat.com's FREE daily email newsletter.