Wall Street brokerages expect Enterprise Products Partners L.P. (NYSE:EPD) to announce earnings of $0.53 per share for the current quarter, Zacks reports. Three analysts have made estimates for Enterprise Products Partners’ earnings. The highest EPS estimate is $0.56 and the lowest is $0.50. Enterprise Products Partners reported earnings of $0.51 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.9%. The business is scheduled to report its next quarterly earnings report on Wednesday, October 30th.

According to Zacks, analysts expect that Enterprise Products Partners will report full year earnings of $2.16 per share for the current year, with EPS estimates ranging from $2.10 to $2.25. For the next financial year, analysts forecast that the company will post earnings of $2.22 per share, with EPS estimates ranging from $2.07 to $2.42. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Enterprise Products Partners.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings results on Wednesday, July 31st. The oil and gas producer reported $0.55 EPS for the quarter, topping the consensus estimate of $0.52 by $0.03. Enterprise Products Partners had a net margin of 14.26% and a return on equity of 20.02%. The firm had revenue of $8.28 billion for the quarter, compared to analysts’ expectations of $8.57 billion. During the same period in the previous year, the firm posted $0.31 EPS. The company’s revenue for the quarter was down 2.3% on a year-over-year basis.

EPD has been the topic of several analyst reports. Stifel Nicolaus boosted their price target on shares of Enterprise Products Partners from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. ValuEngine cut shares of Enterprise Products Partners from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. Piper Jaffray Companies initiated coverage on shares of Enterprise Products Partners in a research report on Wednesday, July 17th. They set an “overweight” rating and a $37.00 price target on the stock. Finally, Johnson Rice initiated coverage on shares of Enterprise Products Partners in a research report on Thursday, May 30th. They set a “buy” rating and a $35.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Enterprise Products Partners has an average rating of “Buy” and a consensus price target of $33.75.

NYSE:EPD traded down $0.33 on Thursday, hitting $28.96. 2,550,818 shares of the company’s stock were exchanged, compared to its average volume of 3,987,313. The firm has a 50-day moving average price of $29.51 and a 200-day moving average price of $28.86. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.00 and a quick ratio of 0.75. Enterprise Products Partners has a 52 week low of $23.33 and a 52 week high of $30.86. The company has a market cap of $64.01 billion, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 3.35 and a beta of 0.88.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were given a dividend of $0.44 per share. The ex-dividend date was Tuesday, July 30th. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.44. This represents a $1.76 annualized dividend and a yield of 6.08%. Enterprise Products Partners’s payout ratio is 90.72%.

In other news, Director Murray E. Brasseux acquired 5,000 shares of the stock in a transaction dated Friday, August 2nd. The shares were bought at an average cost of $30.00 per share, for a total transaction of $150,000.00. Following the purchase, the director now directly owns 17,885 shares of the company’s stock, valued at $536,550. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 37.50% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the business. KMG Fiduciary Partners LLC lifted its holdings in shares of Enterprise Products Partners by 3.6% during the 2nd quarter. KMG Fiduciary Partners LLC now owns 9,826 shares of the oil and gas producer’s stock worth $284,000 after acquiring an additional 341 shares during the period. Covenant Asset Management LLC lifted its stake in Enterprise Products Partners by 0.5% in the 1st quarter. Covenant Asset Management LLC now owns 70,064 shares of the oil and gas producer’s stock valued at $2,039,000 after purchasing an additional 345 shares during the last quarter. Gryphon Financial Partners LLC lifted its stake in Enterprise Products Partners by 1.2% in the 2nd quarter. Gryphon Financial Partners LLC now owns 28,952 shares of the oil and gas producer’s stock valued at $836,000 after purchasing an additional 355 shares during the last quarter. Heritage Wealth Advisors lifted its stake in Enterprise Products Partners by 0.8% in the 2nd quarter. Heritage Wealth Advisors now owns 46,261 shares of the oil and gas producer’s stock valued at $1,336,000 after purchasing an additional 362 shares during the last quarter. Finally, Allred Capital Management LLC lifted its stake in Enterprise Products Partners by 1.1% in the 2nd quarter. Allred Capital Management LLC now owns 35,005 shares of the oil and gas producer’s stock valued at $1,015,000 after purchasing an additional 371 shares during the last quarter. Hedge funds and other institutional investors own 36.52% of the company’s stock.

Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

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Earnings History and Estimates for Enterprise Products Partners (NYSE:EPD)

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