Analysts expect that Plains All American Pipeline, L.P. (NYSE:PAA) will report sales of $9.12 billion for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Plains All American Pipeline’s earnings. The highest sales estimate is $9.89 billion and the lowest is $8.37 billion. Plains All American Pipeline reported sales of $7.61 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 19.8%. The firm is scheduled to announce its next earnings report on Tuesday, February 5th.
On average, analysts expect that Plains All American Pipeline will report full year sales of $35.18 billion for the current fiscal year, with estimates ranging from $32.19 billion to $39.72 billion. For the next fiscal year, analysts anticipate that the business will post sales of $37.92 billion, with estimates ranging from $33.79 billion to $45.07 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Plains All American Pipeline.
Plains All American Pipeline (NYSE:PAA) last announced its quarterly earnings data on Tuesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Plains All American Pipeline had a net margin of 3.92% and a return on equity of 14.72%. The business had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter in the prior year, the firm earned $0.21 EPS. The company’s revenue for the quarter was up 49.7% compared to the same quarter last year.
Shares of NYSE:PAA traded up $0.05 during trading on Thursday, reaching $23.03. 3,820,890 shares of the company’s stock traded hands, compared to its average volume of 2,580,442. The company has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 1.01. Plains All American Pipeline has a 12 month low of $18.38 and a 12 month high of $27.70. The company has a market cap of $16.73 billion, a PE ratio of 24.50, a P/E/G ratio of 1.52 and a beta of 0.91.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 14th. Shareholders of record on Wednesday, October 31st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.21%. The ex-dividend date was Tuesday, October 30th. Plains All American Pipeline’s dividend payout ratio (DPR) is 127.66%.
Several large investors have recently modified their holdings of PAA. Centaurus Financial Inc. acquired a new stake in shares of Plains All American Pipeline in the 2nd quarter worth approximately $109,000. Pathstone Family Office LLC acquired a new stake in shares of Plains All American Pipeline in the 3rd quarter worth approximately $131,000. Exane Derivatives lifted its stake in shares of Plains All American Pipeline by 14,250.0% in the 3rd quarter. Exane Derivatives now owns 5,740 shares of the pipeline company’s stock worth $142,000 after acquiring an additional 5,700 shares during the period. United Asset Strategies Inc. acquired a new stake in shares of Plains All American Pipeline in the 3rd quarter worth approximately $200,000. Finally, Palo Capital Inc. acquired a new stake in shares of Plains All American Pipeline in the 3rd quarter worth approximately $207,000. 47.15% of the stock is owned by institutional investors.
About Plains All American Pipeline
Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), and natural gas in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics.
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