Wall Street analysts expect Plains All American Pipeline, L.P. (NYSE:PAA) to report earnings of $0.43 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Plains All American Pipeline’s earnings, with the highest EPS estimate coming in at $0.53 and the lowest estimate coming in at $0.35. Plains All American Pipeline posted earnings of $0.38 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 13.2%. The business is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, August 6th.

According to Zacks, analysts expect that Plains All American Pipeline will report full-year earnings of $2.22 per share for the current financial year, with EPS estimates ranging from $2.01 to $2.66. For the next year, analysts anticipate that the company will post earnings of $1.99 per share, with EPS estimates ranging from $1.57 to $2.42. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Plains All American Pipeline.

Plains All American Pipeline (NYSE:PAA) last posted its quarterly earnings data on Tuesday, May 7th. The pipeline company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.59 by $0.10. The company had revenue of $8.38 billion during the quarter, compared to analyst estimates of $8.77 billion. Plains All American Pipeline had a net margin of 8.51% and a return on equity of 20.70%. Plains All American Pipeline’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 earnings per share.

PAA has been the subject of a number of recent research reports. Wolfe Research downgraded shares of Enbridge from an “outperform” rating to a “peer perform” rating and set a $37.00 target price for the company. in a report on Thursday, June 13th. Royal Bank of Canada restated an “equal weight” rating on shares of Lululemon Athletica in a report on Friday, June 14th. Finally, Piper Jaffray Companies dropped their target price on Inovio Pharmaceuticals from $12.00 to $10.00 and set an “overweight” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $28.73.

In other news, insider Emg Investment, Llc sold 8,179,284 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $23.10, for a total value of $188,941,460.40. The sale was disclosed in a filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Chickasaw Capital Management LLC grew its stake in shares of Plains All American Pipeline by 36.7% in the first quarter. Chickasaw Capital Management LLC now owns 8,212,010 shares of the pipeline company’s stock valued at $201,276,000 after buying an additional 2,205,531 shares in the last quarter. Bank of Montreal Can lifted its holdings in Plains All American Pipeline by 30.4% during the 1st quarter. Bank of Montreal Can now owns 7,168,945 shares of the pipeline company’s stock worth $175,711,000 after buying an additional 1,671,285 shares during the last quarter. Energy Income Partners LLC raised its position in shares of Plains All American Pipeline by 17.9% during the 4th quarter. Energy Income Partners LLC now owns 6,104,086 shares of the pipeline company’s stock worth $122,326,000 after purchasing an additional 928,299 shares during the period. CIBC Private Wealth Group LLC raised its position in shares of Plains All American Pipeline by 9.8% during the 1st quarter. CIBC Private Wealth Group LLC now owns 7,987,029 shares of the pipeline company’s stock worth $195,762,000 after purchasing an additional 712,077 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in shares of Plains All American Pipeline by 39.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 1,454,612 shares of the pipeline company’s stock worth $35,653,000 after purchasing an additional 414,482 shares during the period. Hedge funds and other institutional investors own 48.43% of the company’s stock.

NYSE:PAA traded up $0.09 during mid-day trading on Monday, reaching $24.60. The company’s stock had a trading volume of 3,238,597 shares, compared to its average volume of 1,632,788. Plains All American Pipeline has a 1 year low of $19.33 and a 1 year high of $27.70. The business’s fifty day simple moving average is $23.98. The stock has a market capitalization of $17.88 billion, a price-to-earnings ratio of 13.09 and a beta of 1.00. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.02 and a quick ratio of 0.90.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st will be paid a $0.36 dividend. The ex-dividend date is Tuesday, July 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.85%. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 76.60%.

Plains All American Pipeline Company Profile

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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Earnings History and Estimates for Plains All American Pipeline (NYSE:PAA)

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