Analysts Anticipate Mplx Lp (MPLX) to Post $0.59 Earnings Per Share

Brokerages expect Mplx Lp (NYSE:MPLX) to announce $0.59 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Mplx’s earnings, with the highest EPS estimate coming in at $0.64 and the lowest estimate coming in at $0.54. Mplx posted earnings of $0.61 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 3.3%. The business is scheduled to issue its next earnings results before the market opens on Wednesday, May 8th.

According to Zacks, analysts expect that Mplx will report full-year earnings of $2.45 per share for the current fiscal year, with EPS estimates ranging from $2.36 to $2.64. For the next fiscal year, analysts forecast that the company will report earnings of $2.72 per share, with EPS estimates ranging from $2.40 to $3.20. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Mplx.

Mplx (NYSE:MPLX) last released its quarterly earnings data on Thursday, February 7th. The pipeline company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.16). Mplx had a net margin of 28.30% and a return on equity of 26.21%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the prior year, the company earned $0.31 EPS. Mplx’s quarterly revenue was up 58.1% on a year-over-year basis.

Several research firms have recently commented on MPLX. Raymond James downgraded Mplx from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday. Credit Suisse Group decreased their target price on Mplx from $44.00 to $39.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 12th. UBS Group reduced their price target on Mplx to $41.00 and set an “overweight” rating on the stock in a research report on Thursday, February 7th. Barclays reissued a “buy” rating and set a $38.00 price target on shares of Mplx in a research report on Wednesday, March 13th. Finally, Zacks Investment Research downgraded Mplx from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $39.63.

Hedge funds have recently modified their holdings of the business. Karpas Strategies LLC lifted its stake in shares of Mplx by 19.5% in the 1st quarter. Karpas Strategies LLC now owns 70,763 shares of the pipeline company’s stock valued at $2,327,000 after acquiring an additional 11,565 shares during the last quarter. Paragon Capital Management LLC bought a new position in shares of Mplx in the 1st quarter valued at $76,000. Toth Financial Advisory Corp bought a new position in shares of Mplx in the 1st quarter valued at $26,000. Raymond James Trust N.A. lifted its stake in shares of Mplx by 17.8% in the 1st quarter. Raymond James Trust N.A. now owns 9,247 shares of the pipeline company’s stock valued at $304,000 after acquiring an additional 1,397 shares during the last quarter. Finally, Wambolt & Associates LLC lifted its stake in shares of Mplx by 22.7% in the 1st quarter. Wambolt & Associates LLC now owns 12,810 shares of the pipeline company’s stock valued at $418,000 after acquiring an additional 2,369 shares during the last quarter. 31.00% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Mplx stock traded down $0.25 on Friday, hitting $31.75. The stock had a trading volume of 2,428,997 shares, compared to its average volume of 1,662,672. Mplx has a twelve month low of $28.32 and a twelve month high of $39.01. The company has a current ratio of 0.76, a quick ratio of 0.69 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $25.21 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 2.17 and a beta of 1.30.

Mplx Company Profile

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. The company also provides fuels distribution services. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids; and transportation, storage, and distribution of crude oil and refined petroleum products.

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