Energy Transfer LP Unit (ET) Expected to Announce Earnings of $0.35 Per Share
Wall Street analysts expect Energy Transfer LP Unit (NYSE:ET) to post earnings per share (EPS) of $0.35 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Energy Transfer LP Unit’s earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.43. Energy Transfer LP Unit posted earnings per share of $0.33 during the same quarter last year, which indicates a positive year-over-year growth rate of 6.1%. The company is expected to issue its next quarterly earnings report on Wednesday, August 14th.
On average, analysts expect that Energy Transfer LP Unit will report full year earnings of $1.38 per share for the current financial year, with EPS estimates ranging from $0.94 to $1.63. For the next fiscal year, analysts forecast that the company will post earnings of $1.40 per share, with EPS estimates ranging from $0.82 to $1.77. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Energy Transfer LP Unit.
Energy Transfer LP Unit (NYSE:ET) last released its earnings results on Wednesday, May 8th. The pipeline company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The firm had revenue of $13.12 billion for the quarter, compared to analysts’ expectations of $14.39 billion. Energy Transfer LP Unit had a net margin of 4.03% and a return on equity of 7.61%. The business’s revenue was up 10.4% on a year-over-year basis.
Energy Transfer LP Unit stock traded up $0.05 during trading hours on Wednesday, hitting $14.93. 205,449 shares of the company traded hands, compared to its average volume of 9,182,661. The stock has a market cap of $38.83 billion, a price-to-earnings ratio of 12.98 and a beta of 1.71. The company has a current ratio of 1.06, a quick ratio of 0.54 and a debt-to-equity ratio of 1.52. Energy Transfer LP Unit has a 1-year low of $11.68 and a 1-year high of $19.19.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Tuesday, May 7th will be paid a $0.305 dividend. The ex-dividend date is Monday, May 6th. This represents a $1.22 annualized dividend and a dividend yield of 8.17%. Energy Transfer LP Unit’s dividend payout ratio is currently 106.09%.
Several institutional investors and hedge funds have recently made changes to their positions in ET. Focused Wealth Management Inc bought a new stake in shares of Energy Transfer LP Unit in the 1st quarter valued at about $25,000. Assetmark Inc. bought a new stake in shares of Energy Transfer LP Unit in the 1st quarter valued at about $25,000. Golden State Wealth Management LLC bought a new stake in shares of Energy Transfer LP Unit in the 1st quarter valued at about $28,000. CLS Investments LLC bought a new stake in shares of Energy Transfer LP Unit in the 1st quarter valued at about $28,000. Finally, Global Retirement Partners LLC bought a new stake in shares of Energy Transfer LP Unit in the 1st quarter valued at about $32,000. 56.50% of the stock is currently owned by institutional investors.
Energy Transfer LP Unit Company Profile
Energy Transfer LP provides energy-related services in the United States and China. The company owns and operates approximately 9,400 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 12,200 miles of interstate natural gas pipelines. It sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.
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