Brokerages expect Enterprise Products Partners L.P. (NYSE:EPD) to announce $0.53 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Enterprise Products Partners’ earnings. The highest EPS estimate is $0.56 and the lowest is $0.50. Enterprise Products Partners posted earnings per share of $0.51 in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.9%. The company is expected to announce its next earnings results on Wednesday, October 30th.

According to Zacks, analysts expect that Enterprise Products Partners will report full-year earnings of $2.18 per share for the current year, with EPS estimates ranging from $2.10 to $2.25. For the next year, analysts expect that the company will post earnings of $2.25 per share, with EPS estimates ranging from $2.12 to $2.42. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Enterprise Products Partners.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Wednesday, July 31st. The oil and gas producer reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. The business had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $8.57 billion. Enterprise Products Partners had a return on equity of 20.02% and a net margin of 14.26%. Enterprise Products Partners’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the company posted $0.31 earnings per share.

EPD has been the topic of several research analyst reports. Johnson Rice assumed coverage on Enterprise Products Partners in a research note on Thursday, May 30th. They issued a “buy” rating and a $35.00 price objective on the stock. Royal Bank of Canada started coverage on Enterprise Products Partners in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $35.00 price objective on the stock. Stifel Nicolaus boosted their price target on Enterprise Products Partners from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Piper Jaffray Companies initiated coverage on Enterprise Products Partners in a research note on Wednesday, July 17th. They set an “overweight” rating and a $37.00 price target on the stock. Finally, ValuEngine lowered Enterprise Products Partners from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $33.71.

NYSE EPD traded up $0.20 during trading on Friday, reaching $28.91. The company’s stock had a trading volume of 3,465,831 shares, compared to its average volume of 3,908,085. The firm has a market capitalization of $63.22 billion, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 3.30 and a beta of 0.87. Enterprise Products Partners has a 12 month low of $23.33 and a 12 month high of $30.86. The company has a current ratio of 1.00, a quick ratio of 0.75 and a debt-to-equity ratio of 1.06. The firm has a 50 day moving average price of $28.84 and a 200 day moving average price of $28.89.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were paid a dividend of $0.44 per share. The ex-dividend date was Tuesday, July 30th. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.44. This represents a $1.76 dividend on an annualized basis and a yield of 6.09%. Enterprise Products Partners’s dividend payout ratio is presently 90.72%.

In other Enterprise Products Partners news, Director Murray E. Brasseux acquired 5,000 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were bought at an average price of $30.00 per share, with a total value of $150,000.00. Following the transaction, the director now directly owns 17,885 shares of the company’s stock, valued at approximately $536,550. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 37.50% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in EPD. Hilton Capital Management LLC increased its holdings in Enterprise Products Partners by 16.1% in the first quarter. Hilton Capital Management LLC now owns 774,156 shares of the oil and gas producer’s stock valued at $22,528,000 after buying an additional 107,426 shares in the last quarter. Capital Advisors Inc. OK raised its position in shares of Enterprise Products Partners by 7.1% in the second quarter. Capital Advisors Inc. OK now owns 21,418 shares of the oil and gas producer’s stock valued at $618,000 after buying an additional 1,418 shares during the last quarter. Commonwealth Bank of Australia lifted its stake in Enterprise Products Partners by 25.5% in the 1st quarter. Commonwealth Bank of Australia now owns 58,717 shares of the oil and gas producer’s stock worth $1,708,000 after purchasing an additional 11,921 shares in the last quarter. Cornerstone Wealth Management LLC boosted its stake in Enterprise Products Partners by 71.6% during the second quarter. Cornerstone Wealth Management LLC now owns 12,395 shares of the oil and gas producer’s stock worth $357,000 after buying an additional 5,171 shares during the last quarter. Finally, Smithbridge Asset Management Inc. DE grew its holdings in shares of Enterprise Products Partners by 2.3% in the second quarter. Smithbridge Asset Management Inc. DE now owns 78,714 shares of the oil and gas producer’s stock valued at $2,272,000 after purchasing an additional 1,775 shares during the period. 37.23% of the stock is owned by hedge funds and other institutional investors.

Enterprise Products Partners Company Profile

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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Earnings History and Estimates for Enterprise Products Partners (NYSE:EPD)

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