Enterprise Products Partners (EPD) Scheduled to Post Earnings on Tuesday

Enterprise Products Partners (NYSE:EPD) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, October 29th. Analysts expect Enterprise Products Partners to post earnings of $0.68 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Tuesday, July 30th. The oil and gas producer reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). The firm had revenue of $13.48 billion during the quarter, compared to analyst estimates of $14.23 billion. Enterprise Products Partners had a return on equity of 20.13% and a net margin of 10.48%. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same quarter last year, the business posted $0.57 earnings per share. On average, analysts expect Enterprise Products Partners to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Enterprise Products Partners Stock Up 0.1 %

NYSE:EPD opened at $29.05 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.68 and a current ratio of 0.91. The stock has a 50-day simple moving average of $29.24 and a 200 day simple moving average of $28.95. Enterprise Products Partners has a one year low of $25.61 and a one year high of $30.05. The company has a market capitalization of $63.05 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 1.32 and a beta of 1.03.

Enterprise Products Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st will be paid a $0.525 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.10 dividend on an annualized basis and a yield of 7.23%. Enterprise Products Partners’s payout ratio is currently 80.15%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EPD. Bank of America began coverage on Enterprise Products Partners in a research note on Thursday, October 17th. They issued a “buy” rating and a $35.00 target price for the company. Truist Financial lifted their target price on Enterprise Products Partners from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. StockNews.com downgraded Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th. Finally, Royal Bank of Canada lifted their target price on Enterprise Products Partners from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $33.73.

Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.