Equities research analysts expect Enterprise Products Partners L.P. (NYSE:EPD) to announce sales of $9.18 billion for the current quarter, Zacks reports. Three analysts have provided estimates for Enterprise Products Partners’ earnings, with the lowest sales estimate coming in at $8.91 billion and the highest estimate coming in at $9.49 billion. Enterprise Products Partners reported sales of $9.30 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 1.3%. The firm is scheduled to announce its next earnings results on Monday, April 29th.
According to Zacks, analysts expect that Enterprise Products Partners will report full year sales of $37.07 billion for the current fiscal year, with estimates ranging from $35.51 billion to $38.77 billion. For the next financial year, analysts anticipate that the business will report sales of $39.74 billion, with estimates ranging from $39.26 billion to $40.44 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Enterprise Products Partners.
Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings results on Thursday, January 31st. The oil and gas producer reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.09. Enterprise Products Partners had a return on equity of 18.13% and a net margin of 11.42%. The firm had revenue of $9.18 billion during the quarter, compared to analyst estimates of $9.46 billion. During the same period last year, the company earned $0.36 EPS.
In other news, CEO Aj Teague acquired 10,000 shares of Enterprise Products Partners stock in a transaction on Monday, December 31st. The shares were bought at an average cost of $24.36 per share, for a total transaction of $243,600.00. Following the acquisition, the chief executive officer now directly owns 1,654,372 shares of the company’s stock, valued at approximately $40,300,501.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired a total of 30,000 shares of company stock worth $733,300 over the last 90 days. 37.50% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Covington Capital Management increased its holdings in shares of Enterprise Products Partners by 2.6% in the 4th quarter. Covington Capital Management now owns 13,882 shares of the oil and gas producer’s stock valued at $341,000 after acquiring an additional 357 shares during the period. Garrison Bradford & Associates Inc. increased its holdings in shares of Enterprise Products Partners by 0.3% in the 4th quarter. Garrison Bradford & Associates Inc. now owns 131,898 shares of the oil and gas producer’s stock valued at $3,243,000 after acquiring an additional 362 shares during the period. Comerica Bank increased its holdings in shares of Enterprise Products Partners by 1.1% in the 4th quarter. Comerica Bank now owns 33,562 shares of the oil and gas producer’s stock valued at $938,000 after acquiring an additional 365 shares during the period. Acorn Wealth Advisors LLC increased its holdings in shares of Enterprise Products Partners by 1.6% in the 4th quarter. Acorn Wealth Advisors LLC now owns 25,076 shares of the oil and gas producer’s stock valued at $692,000 after acquiring an additional 386 shares during the period. Finally, Bank of The West increased its holdings in shares of Enterprise Products Partners by 4.1% in the 4th quarter. Bank of The West now owns 10,210 shares of the oil and gas producer’s stock valued at $251,000 after acquiring an additional 400 shares during the period. Institutional investors own 36.85% of the company’s stock.
Shares of EPD stock traded down $0.08 on Friday, reaching $28.13. 3,882,610 shares of the company’s stock were exchanged, compared to its average volume of 4,939,557. Enterprise Products Partners has a 52 week low of $23.30 and a 52 week high of $30.05. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.63 and a current ratio of 0.85. The firm has a market capitalization of $60.96 billion, a P/E ratio of 14.50, a P/E/G ratio of 4.91 and a beta of 0.96.
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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