Enterprise Products Partners L.P. (EPD) to Release Quarterly Earnings on Thursday
Enterprise Products Partners L.P. (NYSE:EPD) will be announcing its earnings results on Thursday, July 31st. Investors interested in listening to the company’s conference call can do so using this link.
Enterprise Products Partners L.P. (NYSE:EPD) last announced its earnings results on Thursday, May 1st. The company reported $0.85 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.75 by $0.10. The company had revenue of $12.91 billion for the quarter, compared to the consensus estimate of $12.60 billion. During the same quarter last year, the company posted $0.77 earnings per share. Enterprise Products Partners L.P.’s revenue was up 13.4% compared to the same quarter last year. On average, analysts expect Enterprise Products Partners L.P. to post $3.11 EPS for the current fiscal year and $3.30 EPS for the next fiscal year.
Shares of Enterprise Products Partners L.P. (NYSE:EPD) traded down 1.73% during mid-day trading on Wednesday, hitting $76.89. 936,485 shares of the company’s stock traded hands. Enterprise Products Partners L.P. has a 1-year low of $57.65 and a 1-year high of $79.70. The stock’s 50-day moving average is $76.9 and its 200-day moving average is $71.52. The company has a market cap of $71.871 billion and a P/E ratio of 27.51. Enterprise Products Partners L.P.’s stock is scheduled to split on Friday, August 22nd. The 2-1 split was announced on Tuesday, July 15th. The newly issued shares will be issued to shareholders after the market closes on Thursday, August 21st.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 7th. Shareholders of record on Thursday, July 31st will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Tuesday, July 29th. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.71.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Enterprise Products Partners L.P. in a research note on Tuesday. They now have a $90.00 price target on the stock, up previously from $77.00. On a related note, analysts at Global Hunter Securities initiated coverage on shares of Enterprise Products Partners L.P. in a research note on Tuesday, June 3rd. They set a “buy” rating and a $83.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Enterprise Products Partners L.P. from $75.00 to $76.00 in a research note on Tuesday, June 3rd. They now have a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Enterprise Products Partners L.P. presently has a consensus rating of “Buy” and a consensus target price of $79.42.
Enterprise Products Partners L.P. (NYSE:EPD) owns and operates natural gas liquids (NGLs) related businesses of Enterprise Products Company (EPCO).
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