Wall Street brokerages predict that Plains All American Pipeline, L.P. (NYSE:PAA) will post sales of $8.37 billion for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Plains All American Pipeline’s earnings, with the highest sales estimate coming in at $8.87 billion and the lowest estimate coming in at $7.69 billion. Plains All American Pipeline posted sales of $8.08 billion during the same quarter last year, which would suggest a positive year over year growth rate of 3.6%. The business is scheduled to issue its next quarterly earnings results on Tuesday, August 6th.

On average, analysts expect that Plains All American Pipeline will report full year sales of $35.07 billion for the current financial year, with estimates ranging from $32.30 billion to $37.15 billion. For the next fiscal year, analysts expect that the business will report sales of $37.43 billion, with estimates ranging from $33.45 billion to $42.91 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Plains All American Pipeline.

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

PAA has been the subject of a number of research analyst reports. ValuEngine raised Plains All American Pipeline from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Evercore ISI initiated coverage on Plains All American Pipeline in a report on Tuesday, February 5th. They issued a $24.00 target price for the company. Finally, Tudor Pickering raised Plains All American Pipeline from a “hold” rating to a “buy” rating in a report on Wednesday, February 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $28.29.

In related news, insider Emg Investment, Llc sold 8,179,284 shares of Plains All American Pipeline 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of PAA. We Are One Seven LLC bought a new stake in Plains All American Pipeline during the fourth quarter valued at about $26,000. Capital Investment Advisory Services LLC bought a new stake in Plains All American Pipeline during the fourth quarter valued at about $28,000. Executive Wealth Management LLC bought a new stake in Plains All American Pipeline during the fourth quarter valued at about $28,000. Portfolio Solutions LLC bought a new stake in Plains All American Pipeline during the fourth quarter valued at about $36,000. Finally, Zions Bancorporation N.A. bought a new stake in Plains All American Pipeline during the first quarter valued at about $48,000. 48.43% of the stock is owned by institutional investors.

Shares of Plains All American Pipeline stock traded up $0.38 on Friday, reaching $22.95. The company’s stock had a trading volume of 16,436 shares, compared to its average volume of 1,867,138. The firm has a market cap of $16.43 billion, a price-to-earnings ratio of 12.14 and a beta of 0.99. Plains All American Pipeline has a 52 week low of $19.33 and a 52 week high of $27.70. The company has a current ratio of 1.02, a quick ratio of 0.90 and a debt-to-equity ratio of 0.91.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were issued a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $1.44 annualized dividend and a dividend yield of 6.27%. This is a positive change from Plains All American Pipeline’s previous quarterly dividend of $0.30. Plains All American Pipeline’s payout ratio is presently 76.60%.

About Plains All American Pipeline

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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