$0.72 EPS Expected for ONEOK, Inc. (OKE) This Quarter
Equities analysts predict that ONEOK, Inc. (NYSE:OKE) will report earnings per share of $0.72 for the current quarter, according to Zacks. Three analysts have made estimates for ONEOK’s earnings. The highest EPS estimate is $0.76 and the lowest is $0.68. ONEOK posted earnings of $0.68 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 5.9%. The business is expected to issue its next earnings results on Tuesday, July 30th.
According to Zacks, analysts expect that ONEOK will report full-year earnings of $3.09 per share for the current financial year, with EPS estimates ranging from $2.94 to $3.22. For the next fiscal year, analysts anticipate that the company will post earnings of $3.71 per share, with EPS estimates ranging from $3.36 to $4.31. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover ONEOK.
ONEOK (NYSE:OKE) last announced its earnings results on Tuesday, April 30th. The utilities provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.73 by $0.08. The business had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.70 billion. ONEOK had a return on equity of 18.47% and a net margin of 9.98%. During the same period in the previous year, the business earned $0.64 EPS.
Shares of OKE traded up $0.57 on Thursday, hitting $64.35. The company’s stock had a trading volume of 31,037 shares, compared to its average volume of 1,818,279. The company has a market capitalization of $26.26 billion, a P/E ratio of 23.16, a PEG ratio of 1.82 and a beta of 1.18. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.79 and a quick ratio of 0.55. ONEOK has a fifty-two week low of $50.26 and a fifty-two week high of $71.99.
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Monday, April 29th were paid a $0.865 dividend. The ex-dividend date of this dividend was Friday, April 26th. This is a positive change from ONEOK’s previous quarterly dividend of $0.86. This represents a $3.46 dividend on an annualized basis and a yield of 5.38%. ONEOK’s dividend payout ratio is presently 124.46%.
In related news, Director Eduardo A. Rodriguez sold 1,500 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $66.75, for a total value of $100,125.00. Following the completion of the transaction, the director now directly owns 15,536 shares of the company’s stock, valued at approximately $1,037,028. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.60% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Deutsche Bank AG lifted its stake in ONEOK by 1.9% in the 4th quarter. Deutsche Bank AG now owns 3,440,599 shares of the utilities provider’s stock valued at $185,610,000 after purchasing an additional 64,227 shares during the last quarter. CWM Advisors LLC raised its holdings in ONEOK by 5.5% in the 4th quarter. CWM Advisors LLC now owns 5,648 shares of the utilities provider’s stock valued at $305,000 after acquiring an additional 295 shares during the period. Paradigm Financial Partners LLC bought a new position in ONEOK in the 4th quarter valued at about $1,364,000. Wetherby Asset Management Inc. raised its holdings in ONEOK by 5.0% in the 1st quarter. Wetherby Asset Management Inc. now owns 14,063 shares of the utilities provider’s stock valued at $982,000 after acquiring an additional 672 shares during the period. Finally, Jones Financial Companies Lllp bought a new position in ONEOK in the 1st quarter valued at about $219,000. Institutional investors own 75.08% of the company’s stock.
ONEOK, Inc, together with its subsidiaries, engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.
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