Brokerages expect that Valero Energy Partners LP (NYSE:VLP) will report earnings per share (EPS) of $0.70 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Valero Energy Partners’ earnings, with the lowest EPS estimate coming in at $0.64 and the highest estimate coming in at $0.80. Valero Energy Partners reported earnings per share of $0.77 in the same quarter last year, which would suggest a negative year-over-year growth rate of 9.1%. The business is expected to report its next quarterly earnings results before the market opens on Friday, October 27th.

According to Zacks, analysts expect that Valero Energy Partners will report full year earnings of $2.83 per share for the current fiscal year, with EPS estimates ranging from $2.70 to $2.97. For the next year, analysts anticipate that the business will post earnings of $3.25 per share, with EPS estimates ranging from $2.61 to $3.94. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Valero Energy Partners.

Valero Energy Partners (NYSE:VLP) last released its earnings results on Friday, July 28th. The pipeline company reported $0.69 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.03). The company had revenue of $110.50 million during the quarter, compared to analyst estimates of $107.14 million. Valero Energy Partners had a net margin of 55.29% and a return on equity of 266.53%. The company’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 EPS.

A number of brokerages have recently weighed in on VLP. Citigroup Inc. reiterated a “neutral” rating and set a $50.00 price target on shares of Valero Energy Partners in a research report on Wednesday, October 18th. Zacks Investment Research cut Valero Energy Partners from a “buy” rating to a “hold” rating in a research report on Saturday, July 15th. BidaskClub cut Valero Energy Partners from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Jefferies Group LLC upgraded Valero Energy Partners from a “hold” rating to a “buy” rating and dropped their price target for the stock from $51.00 to $50.00 in a research report on Wednesday, August 23rd. Finally, ValuEngine upgraded Valero Energy Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $53.25.

Valero Energy Partners (NYSE VLP) opened at 41.71 on Monday. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 13.81 and a beta of 0.74. The stock has a 50 day moving average price of $43.04 and a 200-day moving average price of $44.76. Valero Energy Partners has a 12-month low of $38.90 and a 12-month high of $51.00.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Wednesday, November 1st will be given a $0.48 dividend. This is a boost from Valero Energy Partners’s previous quarterly dividend of $0.46. This represents a $1.92 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend is Tuesday, October 31st. Valero Energy Partners’s dividend payout ratio (DPR) is currently 61.69%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Spirit of America Management Corp NY increased its position in Valero Energy Partners by 5.2% in the 3rd quarter. Spirit of America Management Corp NY now owns 424,190 shares of the pipeline company’s stock valued at $18,546,000 after acquiring an additional 21,000 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in Valero Energy Partners by 1.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 41,638 shares of the pipeline company’s stock valued at $1,900,000 after acquiring an additional 400 shares during the period. NBW Capital LLC increased its position in Valero Energy Partners by 4.1% in the 2nd quarter. NBW Capital LLC now owns 166,102 shares of the pipeline company’s stock valued at $7,581,000 after acquiring an additional 6,591 shares during the period. CNH Partners LLC increased its position in Valero Energy Partners by 1.0% in the 2nd quarter. CNH Partners LLC now owns 10,321 shares of the pipeline company’s stock valued at $471,000 after acquiring an additional 100 shares during the period. Finally, EnTrustPermal Management LLC increased its position in Valero Energy Partners by 55.0% in the 2nd quarter. EnTrustPermal Management LLC now owns 33,526 shares of the pipeline company’s stock valued at $1,531,000 after acquiring an additional 11,900 shares during the period. Hedge funds and other institutional investors own 29.93% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was first reported by American Banking News and is the property of of American Banking News. If you are accessing this article on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/10/23/0-70-eps-expected-for-valero-energy-partners-lp-vlp-this-quarter.html.

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. The Company’s assets include crude oil and refined petroleum products pipelines, terminals, and other logistics assets in the United States Gulf Coast and the United States Mid-Continent regions that are integral to the operations of the ten of Valero Energy Corporation (Valero) refineries.

Get a free copy of the Zacks research report on Valero Energy Partners (VLP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Valero Energy Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.