Latest Stocks: $0.34 Earnings Per Share Expected for Enterprise Products Partners L.P. (EPD) This Quarter

Latest Stocks: $0.34 Earnings Per Share Expected for Enterprise Products Partners L.P. (EPD) This Quarter

Wall Street brokerages forecast that Enterprise Products Partners L.P. (NYSE:EPD) will announce $0.34 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Enterprise Products Partners L.P.’s earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.28. Enterprise Products Partners L.P. reported earnings of $0.27 per share during the same quarter last year, which suggests a positive year over year growth rate of 25.9%. The firm is expected to report its next quarterly earnings results 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 fiscal year, with EPS estimates ranging from $1.26 to $1.50. For the next financial year, analysts forecast that the business will post earnings of $1.55 per share, with EPS estimates ranging from $1.31 to $1.70. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Enterprise Products Partners L.P..

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

Shares of Enterprise Products Partners L.P. (NYSE:EPD) traded up 1.97% on Tuesday, reaching $26.92. 6,504,591 shares of the company traded hands. The firm has a 50-day moving average of $27.44 and a 200-day moving average of $27.08. Enterprise Products Partners L.P. has a 52-week low of $24.01 and a 52-week high of $30.25. The firm also recently announced a quarterly dividend, which will be paid on Monday, May 8th. Shareholders of record on Friday, April 28th will be issued a $0.415 dividend. The ex-dividend date is Wednesday, April 26th. This represents a $1.66 dividend on an annualized basis and a yield of 6.17%. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.41. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is 136.67%.

Shares of Enterprise Products Partners L.P. (NYSE:EPD) traded up 1.97% on Tuesday, reaching $26.92. 6,504,591 shares of the company traded hands. The firm has a 50-day moving average of $27.44 and a 200-day moving average of $27.08. Enterprise Products Partners L.P. has a 52-week low of $24.01 and a 52-week high of $30.25. In other Enterprise Products Partners L.P. news, insider Edwin E. Smith sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $28.02, for a total value of $420,300.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 37.50% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in EPD. Segment Wealth Management LLC raised its stake in Enterprise Products Partners L.P. by 1.1% in the third quarter. Segment Wealth Management LLC now owns 245,592 shares of the oil and gas producer’s stock worth $6,786,000 after buying an additional 2,599 shares during the period. Bollard Group LLC raised its stake in Enterprise Products Partners L.P. by 9.0% in the third quarter. Bollard Group LLC now owns 1,168,767 shares of the oil and gas producer’s stock worth $32,293,000 after buying an additional 96,928 shares during the period. Arcadia Investment Management Corp MI raised its stake in Enterprise Products Partners L.P. by 0.4% in the third quarter. Arcadia Investment Management Corp MI now owns 42,987 shares of the oil and gas producer’s stock worth $1,188,000 after buying an additional 150 shares during the period. Nwam LLC raised its stake in Enterprise Products Partners L.P. by 57.7% in the third quarter. Nwam LLC now owns 16,494 shares of the oil and gas producer’s stock worth $456,000 after buying an additional 6,038 shares during the period. Finally, CFO4Life L.P. raised its stake in shares of Enterprise Products Partners L.P. by 25.6% in the third quarter. CFO4Life L.P. now owns 18,044 shares of the oil and gas producer’s stock valued at $499,000 after buying an additional 3,680 shares during the last quarter. 36.31% of the stock is currently owned by hedge funds and other institutional investors. About Enterprise Products Partners L.P.

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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