Nustar GP Holdings, LLC (NSH) Set to Announce Quarterly Earnings on Tuesday
Nustar GP Holdings, LLC (NYSE:NSH) will be issuing its quarterly earnings data before the market opens on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.26 per share for the quarter.
Nustar GP Holdings (NYSE:NSH) last posted its quarterly earnings results on Friday, July 28th. The pipeline company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.21. The firm had revenue of $10.96 million for the quarter, compared to analysts’ expectations of $16.22 million. Nustar GP Holdings had a return on equity of 25.68% and a net margin of 176.62%. On average, analysts expect Nustar GP Holdings to post $2.3 EPS for the current fiscal year and $1.44 EPS for the next fiscal year.
Nustar GP Holdings, LLC (NYSE:NSH) opened at 17.35 on Tuesday. The company has a market capitalization of $745.20 million, a PE ratio of 8.14 and a beta of 1.19. Nustar GP Holdings, LLC has a 12-month low of $17.15 and a 12-month high of $31.50. The firm’s 50 day moving average price is $21.02 and its 200-day moving average price is $23.54.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Thursday, November 9th will be paid a $0.545 dividend. The ex-dividend date is Wednesday, November 8th. This represents a $2.18 dividend on an annualized basis and a yield of 12.56%. Nustar GP Holdings’s dividend payout ratio (DPR) is currently 102.83%.
In other Nustar GP Holdings news, Director William E. Greehey bought 6,423 shares of Nustar GP Holdings stock in a transaction dated Monday, August 7th. The shares were purchased at an average cost of $22.01 per share, with a total value of $141,370.23. Following the completion of the purchase, the director now owns 8,646,280 shares of the company’s stock, valued at $190,304,622.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William E. Greehey bought 7,500 shares of Nustar GP Holdings stock in a transaction dated Thursday, August 10th. The shares were acquired at an average cost of $22.04 per share, for a total transaction of $165,300.00. Following the completion of the purchase, the director now directly owns 8,696,280 shares of the company’s stock, valued at approximately $191,666,011.20. The disclosure for this purchase can be found here. Insiders have bought 173,086 shares of company stock worth $3,715,871 over the last three months. Insiders own 21.39% of the company’s stock.
Several equities analysts have recently issued reports on the company. Mizuho reissued a “hold” rating and set a $25.00 target price on shares of Nustar GP Holdings in a research note on Friday. Wells Fargo & Company cut Nustar GP Holdings from an “outperform” rating to a “market perform” rating in a research note on Monday, July 17th. UBS AG reduced their target price on Nustar GP Holdings from $33.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, October 18th. BidaskClub raised Nustar GP Holdings from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Zacks Investment Research raised Nustar GP Holdings from a “strong sell” rating to a “hold” rating in a research note on Saturday, July 29th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $25.50.
Nustar GP Holdings Company Profile
NuStar GP Holdings, LLC holds interests in NuStar Energy L.P. (NuStar Energy). NuStar Energy is engaged in the transportation of petroleum products and anhydrous ammonia, the terminalling and storage of petroleum products and the marketing of petroleum products. NuStar Energy has terminal and storage facilities in the United States, Canada, Mexico, the Netherlands, including St.
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