Energy Transfer Equity, L.P. (ETE) Scheduled to Post Quarterly Earnings on Tuesday
Energy Transfer Equity, L.P. (NYSE:ETE) is set to issue its quarterly earnings data after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.34 per share for the quarter.
Energy Transfer Equity, L.P. (NYSE:ETE) last released its quarterly earnings data on Tuesday, August 8th. The pipeline company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.07). Energy Transfer Equity, L.P. had a return on equity of 3.79% and a net margin of 2.18%. The company had revenue of $8.94 billion for the quarter, compared to analyst estimates of $11.41 billion. During the same period in the previous year, the business posted $0.23 EPS. The firm’s revenue for the quarter was up 20.5% compared to the same quarter last year. On average, analysts expect Energy Transfer Equity, L.P. to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Energy Transfer Equity, L.P. (NYSE ETE) opened at $17.79 on Monday. The company has a current ratio of 1.33, a quick ratio of 1.09 and a debt-to-equity ratio of 1.73. Energy Transfer Equity, L.P. has a 1-year low of $13.77 and a 1-year high of $20.05. The firm has a market cap of $19,198.70, a P/E ratio of 21.96 and a beta of 1.90.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Tuesday, November 7th will be issued a dividend of $0.295 per share. The ex-dividend date is Monday, November 6th. This represents a $1.18 dividend on an annualized basis and a yield of 6.63%. This is a boost from Energy Transfer Equity, L.P.’s previous quarterly dividend of $0.29. Energy Transfer Equity, L.P.’s dividend payout ratio (DPR) is presently 144.31%.
A number of brokerages have recently commented on ETE. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $22.00 target price on shares of Energy Transfer Equity, L.P. in a report on Wednesday, September 6th. Stifel Nicolaus assumed coverage on shares of Energy Transfer Equity, L.P. in a report on Thursday, July 13th. They issued a “buy” rating and a $20.00 target price on the stock. BidaskClub cut shares of Energy Transfer Equity, L.P. from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. BMO Capital Markets set a $19.00 price objective on shares of Energy Transfer Equity, L.P. and gave the company a “hold” rating in a research note on Friday, August 18th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Energy Transfer Equity, L.P. in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Energy Transfer Equity, L.P. currently has an average rating of “Buy” and a consensus target price of $21.63.
Energy Transfer Equity, L.P. Company Profile
Energy Transfer Equity, L.P. (ETE) owns equity interests in Energy Transfer Partners, L.P. (ETP) and Sunoco LP, which are engaged in diversified energy-related services. The Company’s segments include Investment in ETP, including the consolidated operations of ETP; Investment in Sunoco LP, including the consolidated operations of Sunoco LP; Investment in Lake Charles LNG, including the operations of Lake Charles LNG, and Corporate and Other.
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