$0.44 EPS Expected for Enterprise Products Partners L.P. (NYSE:EPD) This Quarter
Equities analysts expect Enterprise Products Partners L.P. (NYSE:EPD) to announce $0.44 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Enterprise Products Partners’ earnings. The highest EPS estimate is $0.51 and the lowest is $0.40. Enterprise Products Partners reported earnings per share of $0.55 in the same quarter last year, which would indicate a negative year-over-year growth rate of 20%. The company is scheduled to issue its next quarterly earnings results on Wednesday, July 29th.
According to Zacks, analysts expect that Enterprise Products Partners will report full-year earnings of $1.96 per share for the current fiscal year, with EPS estimates ranging from $1.86 to $2.17. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.88 per share, with EPS estimates ranging from $1.41 to $2.09. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Enterprise Products Partners.
Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings results on Wednesday, April 29th. The oil and gas producer reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.09. The company had revenue of $7.48 billion during the quarter, compared to analysts’ expectations of $8.28 billion. Enterprise Products Partners had a net margin of 14.75% and a return on equity of 19.06%. The business’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.57 earnings per share.
In other news, Director Randa Duncan Williams acquired 50,000 shares of Enterprise Products Partners stock in a transaction on Thursday, February 20th. The shares were purchased at an average cost of $26.22 per share, for a total transaction of $1,311,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard H. Bachmann acquired 15,000 shares of Enterprise Products Partners stock in a transaction on Wednesday, March 18th. The shares were purchased at an average price of $12.27 per share, for a total transaction of $184,050.00. Following the completion of the purchase, the director now directly owns 1,631,048 shares of the company’s stock, valued at $20,012,958.96. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 541,000 shares of company stock worth $11,590,590. 37.50% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in EPD. MBE Wealth Management LLC acquired a new stake in Enterprise Products Partners during the first quarter worth about $27,000. Cedar Mountain Advisors LLC acquired a new stake in shares of Enterprise Products Partners in the 4th quarter valued at approximately $28,000. Moser Wealth Advisors LLC acquired a new stake in shares of Enterprise Products Partners in the 4th quarter valued at approximately $28,000. Selective Wealth Management Inc. boosted its stake in shares of Enterprise Products Partners by 1,111.1% in the 1st quarter. Selective Wealth Management Inc. now owns 1,962 shares of the oil and gas producer’s stock valued at $28,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Raab & Moskowitz Asset Management LLC acquired a new stake in shares of Enterprise Products Partners in the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 36.49% of the company’s stock.
Enterprise Products Partners stock opened at $17.17 on Friday. The stock has a market capitalization of $37.49 billion, a PE ratio of 8.10 and a beta of 1.44. Enterprise Products Partners has a twelve month low of $10.27 and a twelve month high of $30.86. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.99. The company has a 50 day moving average of $16.11 and a 200-day moving average of $23.16.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 12th. Investors of record on Thursday, April 30th were given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 10.37%. The ex-dividend date was Wednesday, April 29th. Enterprise Products Partners’s dividend payout ratio is 82.79%.
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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