Zacks: Brokerages Anticipate Energy Transfer Partners LP (ETP) Will Post Quarterly Sales of $9.55 Billion
Equities analysts expect that Energy Transfer Partners LP (NYSE:ETP) will report $9.55 billion in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Energy Transfer Partners’ earnings, with estimates ranging from $9.04 billion to $9.87 billion. Energy Transfer Partners reported sales of $6.97 billion in the same quarter last year, which would suggest a positive year over year growth rate of 37%. The business is scheduled to announce its next quarterly earnings results on Tuesday, November 6th.
According to Zacks, analysts expect that Energy Transfer Partners will report full-year sales of $37.25 billion for the current fiscal year, with estimates ranging from $36.76 billion to $37.61 billion. For the next financial year, analysts anticipate that the firm will report sales of $40.98 billion, with estimates ranging from $39.03 billion to $43.85 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Energy Transfer Partners.
Energy Transfer Partners (NYSE:ETP) last announced its earnings results on Wednesday, August 8th. The pipeline company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.12). Energy Transfer Partners had a net margin of 8.24% and a return on equity of 8.00%. The company had revenue of $9.41 billion during the quarter, compared to analysts’ expectations of $8.52 billion.
Shares of ETP stock opened at $21.90 on Friday. Energy Transfer Partners has a twelve month low of $15.06 and a twelve month high of $24.38. The company has a market capitalization of $25.53 billion, a price-to-earnings ratio of 22.34, a P/E/G ratio of 1.62 and a beta of 1.28. The company has a current ratio of 0.99, a quick ratio of 0.80 and a debt-to-equity ratio of 1.05.
In other Energy Transfer Partners news, CFO Thomas E. Long purchased 10,000 shares of Energy Transfer Partners stock in a transaction dated Friday, September 14th. The stock was acquired at an average cost of $22.33 per share, with a total value of $223,300.00. Following the acquisition, the chief financial officer now directly owns 174,625 shares of the company’s stock, valued at $3,899,376.25. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Kelcy L. Warren purchased 366,446 shares of Energy Transfer Partners stock in a transaction dated Friday, September 7th. The stock was acquired at an average cost of $22.11 per share, with a total value of $8,102,121.06. The disclosure for this purchase can be found here. Insiders bought a total of 2,010,000 shares of company stock valued at $45,080,386 over the last three months. Insiders own 0.17% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Energy Transfer Partners by 1,155.3% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 10,231 shares of the pipeline company’s stock valued at $195,000 after buying an additional 9,416 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in shares of Energy Transfer Partners by 3.0% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 503,370 shares of the pipeline company’s stock valued at $9,584,000 after buying an additional 14,564 shares during the period. Renaissance Technologies LLC raised its holdings in Energy Transfer Partners by 15.8% during the second quarter. Renaissance Technologies LLC now owns 1,823,400 shares of the pipeline company’s stock worth $34,718,000 after purchasing an additional 249,171 shares during the last quarter. Eagle Global Advisors LLC raised its holdings in Energy Transfer Partners by 41.2% during the second quarter. Eagle Global Advisors LLC now owns 3,183,027 shares of the pipeline company’s stock worth $60,605,000 after purchasing an additional 928,129 shares during the last quarter. Finally, First Republic Investment Management Inc. acquired a new position in Energy Transfer Partners during the second quarter worth $15,525,000. 61.41% of the stock is owned by institutional investors and hedge funds.
About Energy Transfer Partners
Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. The company's Intrastate Transportation and Storage segment transports natural gas from various natural gas producing areas through connections with other pipeline systems, as well as through its ET Fuel System and HPL System.
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