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.

Several equities analysts have commented on the stock. Raymond James raised shares of Energy Transfer LP Unit from an “outperform” rating to a “strong-buy” rating in a research note on Tuesday, April 16th. Zacks Investment Research raised shares of Energy Transfer LP Unit from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Wednesday, April 17th. Citigroup lifted their price objective on shares of Energy Transfer LP Unit from $16.00 to $19.50 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. ValuEngine cut shares of Energy Transfer LP Unit from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Energy Transfer LP Unit in a research note on Thursday, February 21st. One equities research analyst has rated the stock with a sell rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $19.25.

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.

Featured Article: Systematic Risk and Investors

Get a free copy of the Zacks research report on Energy Transfer LP Unit (ET)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Energy Transfer LP Unit (NYSE:ET)

Receive News & Ratings for Energy Transfer LP Unit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Transfer LP Unit and related companies with MarketBeat.com's FREE daily email newsletter.