Zacks: Analysts Expect Valero Energy Partners (VLP) Will Announce Quarterly Sales of $128.84 Million

Equities research analysts expect that Valero Energy Partners (NYSE:VLP) will announce sales of $128.84 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Valero Energy Partners’ earnings, with the lowest sales estimate coming in at $125.09 million and the highest estimate coming in at $134.58 million. Valero Energy Partners posted sales of $105.82 million in the same quarter last year, which suggests a positive year-over-year growth rate of 21.8%. The firm is scheduled to report its next earnings results before the market opens on Thursday, April 26th.

According to Zacks, analysts expect that Valero Energy Partners will report full-year sales of $563.25 million for the current financial year, with estimates ranging from $526.30 million to $587.38 million. For the next fiscal year, analysts expect that the firm will post sales of $681.13 million per share, with estimates ranging from $540.10 million to $806.76 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Valero Energy Partners.

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Valero Energy Partners (NYSE:VLP) last announced its quarterly earnings data on Friday, February 2nd. The pipeline company reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.01). Valero Energy Partners had a net margin of 52.75% and a return on equity of 144.86%. The firm had revenue of $126.30 million for the quarter, compared to analyst estimates of $123.24 million. During the same quarter in the previous year, the company earned $0.77 EPS. The company’s quarterly revenue was up 21.3% compared to the same quarter last year.

A number of brokerages have recently weighed in on VLP. SunTrust Banks set a $50.00 price target on Valero Energy Partners and gave the stock a “buy” rating in a research report on Monday, February 5th. Mizuho dropped coverage on Valero Energy Partners in a research report on Monday, March 26th. TheStreet cut Valero Energy Partners from a “b” rating to a “c+” rating in a research report on Friday, February 23rd. Barclays cut Valero Energy Partners from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $50.00 to $49.00 in a research report on Wednesday, January 17th. Finally, Citigroup dropped their price target on Valero Energy Partners from $46.50 to $37.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $49.00.

Institutional investors have recently made changes to their positions in the company. Icon Wealth Partners LLC bought a new position in Valero Energy Partners in the 4th quarter worth approximately $125,000. Glenmede Trust Co. NA raised its stake in shares of Valero Energy Partners by 4,400.0% in the fourth quarter. Glenmede Trust Co. NA now owns 4,500 shares of the pipeline company’s stock valued at $200,000 after acquiring an additional 4,400 shares during the last quarter. Raymond James & Associates bought a new position in shares of Valero Energy Partners in the fourth quarter valued at approximately $203,000. Ferris Capital LLC bought a new position in shares of Valero Energy Partners in the fourth quarter valued at approximately $299,000. Finally, IFG Advisory LLC bought a new position in shares of Valero Energy Partners in the fourth quarter valued at approximately $253,000. Institutional investors and hedge funds own 29.16% of the company’s stock.

Shares of NYSE VLP opened at $40.27 on Tuesday. Valero Energy Partners has a 52-week low of $33.25 and a 52-week high of $48.66. The company has a market cap of $2,757.74, a price-to-earnings ratio of 14.54, a PEG ratio of 1.25 and a beta of 0.83. The company has a debt-to-equity ratio of 6.20, a quick ratio of 2.70 and a current ratio of 2.70.

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Valero Energy Partners Company Profile

Valero Energy Partners LP owns, operates, develops, and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets in the United States. Its assets consists of the Port Arthur logistics system, the McKee logistics system, the Memphis logistics system, the Three Rivers logistics system, the Ardmore logistics system, the Houston logistics system, the St.

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Earnings History and Estimates for Valero Energy Partners (NYSE:VLP)

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