Enterprise Products (EPD) Expected to Announce Earnings of $0.37 Per Share

Wall Street analysts expect Enterprise Products (NYSE:EPD) to report $0.37 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Enterprise Products’ earnings. The highest EPS estimate is $0.39 and the lowest is $0.33. Enterprise Products posted earnings per share of $0.36 in the same quarter last year, which indicates a positive year-over-year growth rate of 2.8%. The business is expected to report its next quarterly earnings report before the market opens on Monday, April 30th.

On average, analysts expect that Enterprise Products will report full year earnings of $1.54 per share for the current financial year, with EPS estimates ranging from $1.42 to $1.63. For the next financial year, analysts forecast that the business will report earnings of $1.67 per share, with EPS estimates ranging from $1.50 to $1.82. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Enterprise Products.

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Enterprise Products (NYSE:EPD) last posted its quarterly earnings data on Wednesday, January 31st. The oil and gas producer reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. The firm had revenue of $8.43 billion for the quarter, compared to analysts’ expectations of $7.02 billion. Enterprise Products had a return on equity of 12.52% and a net margin of 9.57%. The company’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.31 EPS.

EPD has been the topic of several analyst reports. Seaport Global Securities set a $27.00 target price on Enterprise Products and gave the stock a “buy” rating in a report on Monday, April 9th. Credit Suisse Group initiated coverage on Enterprise Products in a report on Thursday, January 4th. They set an “outperform” rating and a $31.00 target price on the stock. UBS reissued a “buy” rating and set a $34.00 target price (down from $36.00) on shares of Enterprise Products in a report on Friday, March 2nd. Bank of America reduced their target price on Enterprise Products from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, March 27th. Finally, Jefferies Group reissued a “buy” rating and set a $31.00 target price on shares of Enterprise Products in a report on Friday, January 12th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $31.00.

EPD stock traded up $0.27 during trading hours on Thursday, hitting $27.10. 4,045,316 shares of the stock were exchanged, compared to its average volume of 6,365,008. The stock has a market capitalization of $55,669.81, a price-to-earnings ratio of 20.52, a PEG ratio of 4.14 and a beta of 0.84. Enterprise Products has a 12 month low of $23.10 and a 12 month high of $29.51. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.70 and a quick ratio of 0.53.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 8th. Stockholders of record on Monday, April 30th will be paid a dividend of $0.4275 per share. This represents a $1.71 dividend on an annualized basis and a dividend yield of 6.31%. This is a positive change from Enterprise Products’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Friday, April 27th. Enterprise Products’s dividend payout ratio (DPR) is presently 128.79%.

In other news, CEO Aj Teague purchased 24,665 shares of the business’s stock in a transaction dated Thursday, March 29th. The shares were purchased at an average cost of $24.54 per share, with a total value of $605,279.10. Following the completion of the purchase, the chief executive officer now owns 1,616,790 shares of the company’s stock, valued at approximately $39,676,026.60. The purchase 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.

Several institutional investors and hedge funds have recently modified their holdings of the company. Chemical Bank increased its holdings in Enterprise Products by 79.2% in the fourth quarter. Chemical Bank now owns 84,159 shares of the oil and gas producer’s stock worth $2,231,000 after purchasing an additional 37,200 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Enterprise Products by 10.2% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 248,021 shares of the oil and gas producer’s stock worth $6,575,000 after purchasing an additional 22,920 shares in the last quarter. Arbor Wealth Management LLC increased its holdings in Enterprise Products by 24.9% in the fourth quarter. Arbor Wealth Management LLC now owns 23,530 shares of the oil and gas producer’s stock worth $623,000 after purchasing an additional 4,694 shares in the last quarter. Pin Oak Investment Advisors Inc. bought a new stake in Enterprise Products in the fourth quarter worth approximately $3,241,000. Finally, Stony Point Wealth Management Inc. bought a new stake in Enterprise Products in the fourth quarter worth approximately $516,000. Institutional investors own 36.35% of the company’s stock.

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Enterprise Products 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 (NYSE:EPD)

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