Analysts Anticipate Ferrellgas Partners, L.P. (FGP) Will Post Quarterly Sales of $346.10 Million

Wall Street analysts expect Ferrellgas Partners, L.P. (NYSE:FGP) to announce $346.10 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Ferrellgas Partners’ earnings, with estimates ranging from $343.10 million to $349.10 million. Ferrellgas Partners posted sales of $454.66 million in the same quarter last year, which suggests a negative year-over-year growth rate of 23.9%. The firm is expected to issue its next quarterly earnings results on Thursday, December 6th.

According to Zacks, analysts expect that Ferrellgas Partners will report full year sales of $1.79 billion for the current financial year, with estimates ranging from $1.79 billion to $1.80 billion. For the next financial year, analysts expect that the business will post sales of $1.83 billion, with estimates ranging from $1.80 billion to $1.87 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Ferrellgas Partners.

Ferrellgas Partners (NYSE:FGP) last announced its quarterly earnings results on Thursday, September 27th. The oil and gas company reported ($2.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.41) by ($1.79). The firm had revenue of $347.52 million during the quarter, compared to analyst estimates of $365.36 million.

Several equities research analysts have recently commented on FGP shares. Zacks Investment Research raised Ferrellgas Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. ValuEngine raised Ferrellgas Partners from a “hold” rating to a “buy” rating in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Ferrellgas Partners presently has an average rating of “Hold” and a consensus target price of $3.50.

Hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its stake in Ferrellgas Partners by 192.0% in the 1st quarter. Wells Fargo & Company MN now owns 47,415 shares of the oil and gas company’s stock valued at $149,000 after buying an additional 31,175 shares in the last quarter. First Republic Investment Management Inc. purchased a new stake in Ferrellgas Partners in the 2nd quarter valued at approximately $118,000. Arrow Investment Advisors LLC purchased a new stake in Ferrellgas Partners in the 2nd quarter valued at approximately $516,000. UBS Group AG lifted its stake in Ferrellgas Partners by 100.9% in the 1st quarter. UBS Group AG now owns 908,284 shares of the oil and gas company’s stock valued at $2,834,000 after buying an additional 456,130 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its stake in Ferrellgas Partners by 559.2% in the 1st quarter. GSA Capital Partners LLP now owns 247,802 shares of the oil and gas company’s stock valued at $773,000 after buying an additional 210,212 shares in the last quarter. 5.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:FGP traded up $0.01 during trading on Monday, hitting $2.01. 845,444 shares of the stock were exchanged, compared to its average volume of 286,835. The firm has a market capitalization of $214.71 million, a price-to-earnings ratio of -4.67 and a beta of 0.65. The company has a debt-to-equity ratio of -2.01, a current ratio of 1.30 and a quick ratio of 1.00. Ferrellgas Partners has a 12-month low of $1.63 and a 12-month high of $5.07.

The business also recently announced a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, September 7th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 19.90%. The ex-dividend date was Thursday, September 6th. Ferrellgas Partners’s payout ratio is currently -93.02%.

About Ferrellgas Partners

Ferrellgas Partners, L.P. distributes and sells propane and related equipment and supplies. The company transports propane to propane distribution locations, tanks on customers' premises, or to portable propane tanks delivered to retailers. It conducts its portable tank exchange operations under the Blue Rhino brand name through a network of independent and partnership-owned distribution outlets.

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