Latest Stocks: Zacks: Analysts Anticipate Enterprise Products Partners L.P. (EPD) Will Announce Earnings of $0.34 Per Share

Latest Stocks: Zacks: Analysts Anticipate Enterprise Products Partners L.P. (EPD) Will Announce Earnings of $0.34 Per Share

Analysts forecast that Enterprise Products Partners L.P. (NYSE:EPD) will report $0.34 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Enterprise Products Partners L.P.’s earnings. The lowest EPS estimate is $0.28 and the highest is $0.36. Enterprise Products Partners L.P. posted earnings per share of $0.27 in the same quarter last year, which indicates a positive year over year growth rate of 25.9%. The firm is expected to report its next quarterly earnings report on Thursday, July 27th.

According to Zacks, analysts expect that Enterprise Products Partners L.P. will report full-year earnings of $1.40 per share for the current year, with EPS estimates ranging from $1.26 to $1.50. For the next fiscal year, analysts anticipate that the business will report earnings of $1.55 per share, with EPS estimates ranging from $1.31 to $1.70. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Enterprise Products Partners L.P..

Enterprise Products Partners L.P. (NYSE:EPD) last released its quarterly earnings data on Tuesday, May 2nd. The oil and gas producer reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The firm had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $6.05 billion. Enterprise Products Partners L.P. had a return on equity of 11.55% and a net margin of 10.92%. The company’s quarterly revenue was up 46.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 earnings per share. Several analysts have recently issued reports on EPD shares. Scotiabank restated a “buy” rating and set a $33.00 target price on shares of Enterprise Products Partners L.P. in a research report on Sunday, March 12th. Macquarie reissued an “outperform” rating and issued a $32.00 price objective on shares of Enterprise Products Partners L.P. in a research report on Friday, April 21st. Barclays PLC increased their price objective on shares of Enterprise Products Partners L.P. from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 31st. Jefferies Group LLC reissued a “buy” rating and issued a $33.00 price objective on shares of Enterprise Products Partners L.P. in a research report on Tuesday, April 4th. Finally, Guggenheim began coverage on shares of Enterprise Products Partners L.P. in a research report on Monday, April 17th. They issued a “buy” rating and a $32.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $32.08.

Enterprise Products Partners L.P. (NYSE:EPD) last released its quarterly earnings data on Tuesday, May 2nd. The oil and gas producer reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The firm had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $6.05 billion. Enterprise Products Partners L.P. had a return on equity of 11.55% and a net margin of 10.92%. The company’s quarterly revenue was up 46.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 earnings per share. Enterprise Products Partners L.P. (NYSE:EPD) traded up 1.97% on Tuesday, hitting $26.92. The stock had a trading volume of 6,504,591 shares. Enterprise Products Partners L.P. has a 52-week low of $24.01 and a 52-week high of $30.25. The company’s 50 day moving average price is $27.44 and its 200 day moving average price is $27.08.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 8th. Stockholders of record on Friday, April 28th will be paid a dividend of $0.415 per share. The ex-dividend date is Wednesday, April 26th. This is an increase from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.41. This represents a $1.66 dividend on an annualized basis and a dividend yield of 6.17%. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is currently 136.67%. In other news, insider Edwin E. Smith sold 15,000 shares of the stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $28.02, for a total transaction of $420,300.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 37.50% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in EPD. Garde Capital Inc. purchased a new stake in shares of Enterprise Products Partners L.P. during the third quarter valued at $682,000. HITE Hedge Asset Management LLC increased its stake in shares of Enterprise Products Partners L.P. by 355.0% in the third quarter. HITE Hedge Asset Management LLC now owns 321,084 shares of the oil and gas producer’s stock valued at $8,872,000 after buying an additional 250,522 shares during the period. Regal Investment Advisors LLC increased its stake in shares of Enterprise Products Partners L.P. by 0.5% in the third quarter. Regal Investment Advisors LLC now owns 7,362 shares of the oil and gas producer’s stock valued at $203,000 after buying an additional 33 shares during the period. Verity & Verity LLC increased its stake in shares of Enterprise Products Partners L.P. by 4.7% in the third quarter. Verity & Verity LLC now owns 121,561 shares of the oil and gas producer’s stock valued at $3,359,000 after buying an additional 5,404 shares during the period. Finally, SeaBridge Investment Advisors LLC increased its stake in shares of Enterprise Products Partners L.P. by 31.5% in the third quarter. SeaBridge Investment Advisors LLC now owns 69,891 shares of the oil and gas producer’s stock valued at $1,931,000 after buying an additional 16,725 shares during the period. Institutional investors own 36.31% of the company’s stock. Enterprise Products Partners L.P. Company Profile

Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

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