Brokerages Anticipate Energy Transfer LP Unit (NYSE:ET) to Announce $0.36 EPS

Equities analysts expect that Energy Transfer LP Unit (NYSE:ET) will announce $0.36 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Energy Transfer LP Unit’s earnings. The highest EPS estimate is $0.42 and the lowest is $0.30. Energy Transfer LP Unit posted earnings per share of $0.26 in the same quarter last year, which would indicate a positive year-over-year growth rate of 38.5%. The company is expected to announce its next quarterly earnings results on Wednesday, February 19th.

According to Zacks, analysts expect that Energy Transfer LP Unit will report full year earnings of $1.36 per share for the current financial year, with EPS estimates ranging from $1.30 to $1.47. For the next fiscal year, analysts forecast that the firm will report earnings of $1.46 per share, with EPS estimates ranging from $1.18 to $1.65. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover Energy Transfer LP Unit.

Energy Transfer LP Unit (NYSE:ET) last posted its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.05). The company had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $14.54 billion. Energy Transfer LP Unit had a return on equity of 9.10% and a net margin of 4.99%. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.32 EPS.

A number of equities analysts have weighed in on the stock. Bank of America increased their price target on shares of Energy Transfer LP Unit from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Wells Fargo & Co increased their price target on shares of Energy Transfer LP Unit from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Raymond James reaffirmed an “average” rating and set a $19.00 price target on shares of Energy Transfer LP Unit in a research note on Friday, September 6th. TheStreet downgraded shares of Energy Transfer LP Unit from a “b-” rating to a “c+” rating in a research note on Monday, October 21st. Finally, Zacks Investment Research raised shares of Energy Transfer LP Unit from a “sell” rating to a “hold” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. Energy Transfer LP Unit has a consensus rating of “Buy” and a consensus price target of $19.60.

NYSE:ET traded up $0.11 during trading hours on Thursday, reaching $12.22. 19,153,593 shares of the company were exchanged, compared to its average volume of 11,097,246. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.12 and a quick ratio of 0.83. The firm has a market cap of $33.21 billion, a price-to-earnings ratio of 10.63 and a beta of 1.53. Energy Transfer LP Unit has a 52-week low of $11.68 and a 52-week high of $15.98. The stock has a 50 day simple moving average of $12.78 and a 200 day simple moving average of $13.92.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th will be paid a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 9.98%. The ex-dividend date is Monday, November 4th. Energy Transfer LP Unit’s dividend payout ratio is presently 106.09%.

Hedge funds have recently modified their holdings of the company. Westside Investment Management Inc. acquired a new stake in Energy Transfer LP Unit during the 2nd quarter valued at $1,981,000. Frontier Wealth Management LLC grew its holdings in Energy Transfer LP Unit by 4.5% during the 2nd quarter. Frontier Wealth Management LLC now owns 19,209 shares of the pipeline company’s stock valued at $270,000 after purchasing an additional 825 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in Energy Transfer LP Unit by 0.3% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 261,315 shares of the pipeline company’s stock valued at $3,679,000 after purchasing an additional 886 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in Energy Transfer LP Unit by 3.4% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 29,502 shares of the pipeline company’s stock valued at $415,000 after purchasing an additional 960 shares in the last quarter. Finally, GAM Holding AG grew its holdings in Energy Transfer LP Unit by 8.8% during the 2nd quarter. GAM Holding AG now owns 11,904 shares of the pipeline company’s stock valued at $168,000 after purchasing an additional 960 shares in the last quarter. 55.42% of the stock is currently owned by institutional investors and hedge funds.

About Energy Transfer LP Unit

Energy Transfer LP provides energy-related services in the United States and China. The company owns and operates approximately 9,400 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 12,200 miles of interstate natural gas pipelines. It sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.

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Earnings History and Estimates for Energy Transfer LP Unit (NYSE:ET)

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