$0.36 Earnings Per Share Expected for Energy Transfer LP Unit (NYSE:ET) This Quarter

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Wall Street brokerages expect Energy Transfer LP Unit (NYSE:ET) to announce $0.36 earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for Energy Transfer LP Unit’s earnings, with estimates ranging from $0.30 to $0.42. Energy Transfer LP Unit posted earnings of $0.26 per share during the same quarter last year, which would suggest a positive year over year growth rate of 38.5%. The firm is expected to report its next earnings report on Wednesday, February 19th.

According to Zacks, analysts expect that Energy Transfer LP Unit will report full-year earnings of $1.36 per share for the current year, with EPS estimates ranging from $1.30 to $1.47. For the next fiscal year, analysts forecast that the company will report earnings of $1.46 per share, with EPS estimates ranging from $1.18 to $1.65. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that follow Energy Transfer LP Unit.

Energy Transfer LP Unit (NYSE:ET) last issued its earnings results on Wednesday, November 6th. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.05). Energy Transfer LP Unit had a return on equity of 9.10% and a net margin of 4.99%. The company had revenue of $13.50 billion during the quarter, compared to the consensus estimate of $14.54 billion. During the same quarter in the prior year, the business earned $0.32 EPS. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year.

Several research firms have weighed in on ET. Bank of America raised their price target on Energy Transfer LP Unit from $23.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. ValuEngine raised Energy Transfer LP Unit from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised Energy Transfer LP Unit from a “sell” rating to a “hold” rating in a report on Wednesday. Robert W. Baird lowered their price target on Energy Transfer LP Unit from $21.00 to $18.00 and set an “outperform” rating on the stock in a report on Tuesday, October 8th. Finally, Wells Fargo & Co raised their price target on Energy Transfer LP Unit from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $19.60.

NYSE ET traded up $0.11 during trading hours on Thursday, hitting $12.22. The company had a trading volume of 19,153,593 shares, compared to its average volume of 11,097,246. The firm has a 50 day simple moving average of $12.78 and a 200 day simple moving average of $13.92. Energy Transfer LP Unit has a 52 week low of $11.68 and a 52 week high of $15.98. The firm has a market capitalization of $33.21 billion, a price-to-earnings ratio of 10.63 and a beta of 1.53. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 1.12.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th will be issued a $0.305 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.22 annualized dividend and a dividend yield of 9.98%. Energy Transfer LP Unit’s payout ratio is currently 106.09%.

Large investors have recently added to or reduced their stakes in the business. Westside Investment Management Inc. purchased a new position in Energy Transfer LP Unit in the 2nd quarter worth approximately $1,981,000. First Personal Financial Services bought a new stake in shares of Energy Transfer LP Unit in the 2nd quarter worth approximately $27,000. OLD Second National Bank of Aurora bought a new stake in shares of Energy Transfer LP Unit in the 2nd quarter worth approximately $27,000. Rocky Mountain Advisers LLC bought a new stake in shares of Energy Transfer LP Unit in the 2nd quarter worth approximately $28,000. Finally, Pathstone Family Office LLC bought a new stake in shares of Energy Transfer LP Unit in the 2nd quarter worth approximately $28,000. 55.42% of the stock is currently owned by hedge funds and other institutional investors.

Energy Transfer LP Unit Company Profile

Energy Transfer LP provides energy-related services in the United States and China. The company owns and operates approximately 9,400 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 12,200 miles of interstate natural gas pipelines. It sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.

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Earnings History and Estimates for Energy Transfer LP Unit (NYSE:ET)

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