$0.26 Earnings Per Share Expected for Ferrellgas Partners, L.P. (FGP) This Quarter

Brokerages expect that Ferrellgas Partners, L.P. (NYSE:FGP) will report $0.26 earnings per share for the current quarter, Zacks reports. Two analysts have provided estimates for Ferrellgas Partners’ earnings, with the lowest EPS estimate coming in at $0.22 and the highest estimate coming in at $0.29. Ferrellgas Partners reported earnings per share of $0.07 during the same quarter last year, which would indicate a positive year-over-year growth rate of 271.4%. The firm is expected to issue its next quarterly earnings results before the market opens on Thursday, June 7th.

On average, analysts expect that Ferrellgas Partners will report full-year earnings of ($0.68) per share for the current year. For the next fiscal year, analysts forecast that the company will report earnings of $0.26 per share, with EPS estimates ranging from $0.11 to $0.41. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Ferrellgas Partners.

Ferrellgas Partners (NYSE:FGP) last posted its quarterly earnings data on Thursday, March 8th. The oil and gas company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.12). The company had revenue of $755.16 million for the quarter, compared to analyst estimates of $703.96 million. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 earnings per share.

Several equities research analysts recently weighed in on FGP shares. ValuEngine downgraded shares of Ferrellgas Partners from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. Zacks Investment Research raised shares of Ferrellgas Partners from a “sell” rating to a “hold” rating in a report on Wednesday, March 7th. Finally, UBS Group cut their price target on shares of Ferrellgas Partners from $4.00 to $2.00 and set a “sell” rating for the company in a report on Thursday, March 29th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $4.25.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. UBS Group AG lifted its holdings in Ferrellgas Partners by 100.9% in the 1st quarter. UBS Group AG now owns 908,284 shares of the oil and gas company’s stock valued at $2,834,000 after acquiring an additional 456,130 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in Ferrellgas Partners by 559.2% in the 1st quarter. GSA Capital Partners LLP now owns 247,802 shares of the oil and gas company’s stock valued at $773,000 after acquiring an additional 210,212 shares during the last quarter. Deutsche Bank AG lifted its holdings in Ferrellgas Partners by 82.5% in the 4th quarter. Deutsche Bank AG now owns 105,801 shares of the oil and gas company’s stock valued at $452,000 after acquiring an additional 47,826 shares during the last quarter. LPL Financial LLC lifted its holdings in Ferrellgas Partners by 29.5% in the 1st quarter. LPL Financial LLC now owns 91,749 shares of the oil and gas company’s stock valued at $286,000 after acquiring an additional 20,909 shares during the last quarter. Finally, Artisan Partners Limited Partnership acquired a new stake in Ferrellgas Partners in the 1st quarter valued at about $281,000. 6.45% of the stock is owned by institutional investors.

FGP stock traded down $0.12 during trading on Thursday, hitting $3.65. The company had a trading volume of 464,947 shares, compared to its average volume of 124,650. The company has a market capitalization of $374.04 million, a P/E ratio of -6.64 and a beta of 0.53. Ferrellgas Partners has a fifty-two week low of $2.87 and a fifty-two week high of $5.75. The company has a quick ratio of 0.56, a current ratio of 0.73 and a debt-to-equity ratio of -2.24.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, June 7th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 10.96%. The ex-dividend date of this dividend is Wednesday, June 6th. Ferrellgas Partners’s payout ratio is -72.73%.

Ferrellgas Partners Company Profile

Ferrellgas Partners, L.P. distributes and sells propane and related equipment and supplies primarily in the United States. It operates in two segments, Propane Operations and Related Equipment Sales, and Midstream Operations. The company transports propane to propane distribution locations, tanks on customers' premises, or to portable propane tanks delivered to retailers.

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