Wall Street brokerages forecast that Plains All American Pipeline, L.P. (NYSE:PAA) will announce $6.31 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Plains All American Pipeline, L.P.’s earnings. The lowest sales estimate is $6.19 billion and the highest is $6.43 billion. Plains All American Pipeline, L.P. reported sales of $5.17 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 22.1%. The company is expected to issue its next quarterly earnings report after the market closes on Monday, November 6th.

According to Zacks, analysts expect that Plains All American Pipeline, L.P. will report full-year sales of $6.31 billion for the current fiscal year, with estimates ranging from $25.80 billion to $28.07 billion. For the next fiscal year, analysts expect that the business will post sales of $28.56 billion per share, with estimates ranging from $25.49 billion to $32.19 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Plains All American Pipeline, L.P..

Plains All American Pipeline, L.P. (NYSE:PAA) last posted its earnings results on Monday, August 7th. The pipeline company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). The firm had revenue of $6.08 billion for the quarter, compared to the consensus estimate of $5.50 billion. Plains All American Pipeline, L.P. had a net margin of 4.42% and a return on equity of 10.14%. The firm’s revenue was up 22.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.12) earnings per share.

Several analysts have issued reports on PAA shares. BidaskClub cut Plains All American Pipeline, L.P. from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. Jefferies Group LLC upgraded Plains All American Pipeline, L.P. from a “hold” rating to a “buy” rating and dropped their target price for the company from $28.00 to $23.00 in a report on Monday, August 21st. UBS AG upgraded Plains All American Pipeline, L.P. from an “outperform” rating to a “strong-buy” rating in a report on Monday, August 28th. Scotiabank set a $36.00 target price on Plains All American Pipeline, L.P. and gave the company a “buy” rating in a report on Saturday, July 22nd. Finally, Howard Weil cut Plains All American Pipeline, L.P. from a “sector outperform” rating to a “sector perform” rating in a report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $28.24.

Shares of Plains All American Pipeline, L.P. (NYSE:PAA) opened at 21.60 on Thursday. Plains All American Pipeline, L.P. has a 12 month low of $18.82 and a 12 month high of $33.95. The company has a 50-day moving average price of $21.47 and a 200-day moving average price of $25.40. The company has a market capitalization of $15.65 billion, a P/E ratio of 16.67 and a beta of 0.98.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Tuesday, October 31st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.56%. The ex-dividend date is Monday, October 30th. Plains All American Pipeline, L.P.’s payout ratio is 165.41%.

A number of institutional investors and hedge funds have recently bought and sold shares of PAA. BB&T Investment Services Inc. acquired a new position in Plains All American Pipeline, L.P. during the 2nd quarter worth about $108,000. IHT Wealth Management LLC acquired a new position in Plains All American Pipeline, L.P. during the 2nd quarter worth about $118,000. Advisory Services Network LLC lifted its stake in Plains All American Pipeline, L.P. by 5.1% during the 2nd quarter. Advisory Services Network LLC now owns 4,624 shares of the pipeline company’s stock worth $121,000 after acquiring an additional 223 shares in the last quarter. Pathstone Family Office LLC acquired a new position in Plains All American Pipeline, L.P. during the 2nd quarter worth about $127,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Plains All American Pipeline, L.P. by 14.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,462 shares of the pipeline company’s stock worth $170,000 after acquiring an additional 806 shares in the last quarter. 42.08% of the stock is currently owned by hedge funds and other institutional investors.

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About Plains All American Pipeline, L.P.

Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates through three segments: Transportation, Facilities, and Supply and Logistics. The Company’s transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.

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Earnings History and Estimates for Plains All American Pipeline, L.P. (NYSE:PAA)

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