$7.34 Billion in Sales Expected for Plains All American Pipeline, L.P. (PAA) This Quarter
Brokerages predict that Plains All American Pipeline, L.P. (NYSE:PAA) will post $7.34 billion in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Plains All American Pipeline’s earnings, with the lowest sales estimate coming in at $6.69 billion and the highest estimate coming in at $7.75 billion. Plains All American Pipeline posted sales of $6.67 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 10%. The firm is expected to report its next earnings results on Monday, May 14th.
According to Zacks, analysts expect that Plains All American Pipeline will report full year sales of $7.34 billion for the current financial year, with estimates ranging from $25.23 billion to $31.15 billion. For the next year, analysts anticipate that the company will report sales of $28.71 billion per share, with estimates ranging from $24.25 billion to $31.49 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Plains All American Pipeline.
Plains All American Pipeline (NYSE:PAA) last posted its earnings results on Tuesday, February 6th. The pipeline company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.16). Plains All American Pipeline had a return on equity of 9.93% and a net margin of 3.26%. The firm had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $6.37 billion. During the same period in the previous year, the company posted $0.37 EPS. The firm’s revenue for the quarter was up 27.8% compared to the same quarter last year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. American Assets Investment Management LLC acquired a new position in Plains All American Pipeline during the 4th quarter worth about $103,000. Welch Group LLC acquired a new position in Plains All American Pipeline during the 4th quarter valued at about $134,000. Spectrum Management Group Inc. acquired a new position in Plains All American Pipeline during the 3rd quarter valued at about $142,000. Captrust Financial Advisors acquired a new position in Plains All American Pipeline during the 4th quarter valued at about $158,000. Finally, SeaCrest Wealth Management LLC acquired a new position in Plains All American Pipeline during the 4th quarter valued at about $166,000. Institutional investors and hedge funds own 42.93% of the company’s stock.
Shares of Plains All American Pipeline (NYSE:PAA) opened at $21.51 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.00 and a debt-to-equity ratio of 1.20. Plains All American Pipeline has a fifty-two week low of $18.38 and a fifty-two week high of $33.01. The firm has a market cap of $15,600.00, a PE ratio of 10.49 and a beta of 0.81.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, January 30th. This represents a $1.20 annualized dividend and a yield of 5.58%. Plains All American Pipeline’s dividend payout ratio (DPR) is 58.54%.
About Plains All American Pipeline
Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates through three segments: Transportation, Facilities, and Supply and Logistics. The Company’s transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.
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