Wall Street analysts expect ONEOK, Inc. (NYSE:OKE) to report $0.75 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for ONEOK’s earnings, with the lowest EPS estimate coming in at $0.69 and the highest estimate coming in at $0.83. ONEOK also reported earnings of $0.75 per share in the same quarter last year. The firm is scheduled to announce its next quarterly earnings results on Tuesday, October 29th.
On average, analysts expect that ONEOK will report full year earnings of $3.09 per share for the current financial year, with EPS estimates ranging from $2.95 to $3.23. For the next financial year, analysts anticipate that the company will post earnings of $3.73 per share, with EPS estimates ranging from $3.41 to $4.36. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow ONEOK.
ONEOK (NYSE:OKE) last posted its earnings results on Tuesday, July 30th. The utilities provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.04. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.87 billion. ONEOK had a return on equity of 19.30% and a net margin of 10.67%. The firm’s revenue for the quarter was down 17.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.68 earnings per share.
Shares of NYSE:OKE traded down $1.63 during mid-day trading on Wednesday, reaching $68.01. The stock had a trading volume of 1,168,235 shares, compared to its average volume of 2,323,142. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.60 and a current ratio of 0.81. The firm has a market cap of $28.52 billion, a P/E ratio of 24.46, a P/E/G ratio of 1.94 and a beta of 1.17. ONEOK has a 1 year low of $50.26 and a 1 year high of $72.38. The business has a 50 day moving average of $69.31.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Tuesday, August 6th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Monday, August 5th. This is an increase from ONEOK’s previous quarterly dividend of $0.87. This represents a $3.56 dividend on an annualized basis and a yield of 5.23%. ONEOK’s dividend payout ratio is 128.06%.
A number of hedge funds have recently modified their holdings of the business. Liberty Wealth Management LLC grew its stake in shares of ONEOK by 25.1% during the second quarter. Liberty Wealth Management LLC now owns 748 shares of the utilities provider’s stock valued at $52,000 after buying an additional 150 shares during the last quarter. Synovus Financial Corp grew its stake in shares of ONEOK by 3.7% during the second quarter. Synovus Financial Corp now owns 4,291 shares of the utilities provider’s stock valued at $296,000 after buying an additional 152 shares during the last quarter. YorkBridge Wealth Partners LLC grew its stake in shares of ONEOK by 36.8% during the first quarter. YorkBridge Wealth Partners LLC now owns 569 shares of the utilities provider’s stock valued at $40,000 after buying an additional 153 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of ONEOK by 24.7% during the first quarter. Global Retirement Partners LLC now owns 798 shares of the utilities provider’s stock valued at $56,000 after buying an additional 158 shares during the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV grew its stake in shares of ONEOK by 1.2% during the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 13,140 shares of the utilities provider’s stock valued at $904,000 after buying an additional 160 shares during the last quarter. Institutional investors and hedge funds own 74.39% of the company’s stock.
ONEOK Company Profile
ONEOK, Inc, together with its subsidiaries, engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.
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