Zacks: Brokerages Expect Plains All American Pipeline, L.P. (PAA) Will Announce Earnings of $0.28 Per Share

Analysts forecast that Plains All American Pipeline, L.P. (NYSE:PAA) will announce earnings per share of $0.28 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Plains All American Pipeline’s earnings, with the lowest EPS estimate coming in at $0.09 and the highest estimate coming in at $0.41. Plains All American Pipeline posted earnings per share of $0.27 in the same quarter last year, which would indicate a positive year over year growth rate of 3.7%. The firm is scheduled to issue its next quarterly earnings results on Monday, May 14th.

According to Zacks, analysts expect that Plains All American Pipeline will report full-year earnings of $1.34 per share for the current financial year, with EPS estimates ranging from $0.65 to $1.83. For the next financial year, analysts expect that the company will report earnings of $1.58 per share, with EPS estimates ranging from $0.88 to $2.14. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Plains All American Pipeline.

Plains All American Pipeline (NYSE:PAA) last issued its earnings results on Tuesday, February 6th. The pipeline company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.16). The business had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $6.37 billion. Plains All American Pipeline had a net margin of 3.26% and a return on equity of 9.93%. The business’s revenue was up 27.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 EPS.

Several analysts have commented on the stock. Seaport Global Securities upgraded shares of Plains All American Pipeline from a “neutral” rating to a “buy” rating and upped their target price for the company from $23.00 to $25.00 in a research report on Thursday, February 8th. Stifel Nicolaus reiterated a “hold” rating and set a $24.00 target price (up previously from $22.00) on shares of Plains All American Pipeline in a research report on Thursday, February 8th. Robert W. Baird set a $22.00 target price on shares of Plains All American Pipeline and gave the company a “hold” rating in a research report on Wednesday, February 7th. Credit Suisse Group started coverage on shares of Plains All American Pipeline in a report on Thursday, January 4th. They issued an “outperform” rating and a $25.00 price target for the company. Finally, SunTrust Banks reissued a “hold” rating and issued a $24.00 price target on shares of Plains All American Pipeline in a report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Plains All American Pipeline presently has an average rating of “Hold” and an average price target of $26.74.

Shares of Plains All American Pipeline (PAA) opened at $22.06 on Tuesday. The company has a market cap of $16,000.00, a price-to-earnings ratio of 23.98 and a beta of 0.87. Plains All American Pipeline has a 1 year low of $18.38 and a 1 year high of $33.01. The company has a current ratio of 1.00, a quick ratio of 0.78 and a debt-to-equity ratio of 1.20.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Wednesday, January 31st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.44%. The ex-dividend date is Tuesday, January 30th. Plains All American Pipeline’s dividend payout ratio (DPR) is 130.43%.

In related news, VP Chris Herbold sold 10,171 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $20.25, for a total value of $205,962.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in PAA. American Assets Investment Management LLC acquired a new position in Plains All American Pipeline in the 4th quarter worth $103,000. Advisory Services Network LLC boosted its stake in Plains All American Pipeline by 5.1% in the 2nd quarter. Advisory Services Network LLC now owns 4,624 shares of the pipeline company’s stock worth $121,000 after purchasing an additional 223 shares during the period. Welch Group LLC acquired a new position in Plains All American Pipeline in the 4th quarter worth $134,000. Spectrum Management Group Inc. acquired a new position in Plains All American Pipeline in the 3rd quarter worth $142,000. Finally, SeaCrest Wealth Management LLC acquired a new position in Plains All American Pipeline in the 4th quarter worth $166,000. 42.65% of the stock is owned by hedge funds and other institutional investors.

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About Plains All American Pipeline

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 (NYSE:PAA)

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