Enterprise Products Partners (EPD) Set to Announce Earnings on Tuesday

Enterprise Products Partners (NYSE:EPD) will be releasing its earnings data before the market opens on Tuesday, April 30th. Analysts expect Enterprise Products Partners to post earnings of $0.64 per share for the quarter.

Enterprise Products Partners (NYSE:EPD) last posted its earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.04. Enterprise Products Partners had a net margin of 11.12% and a return on equity of 19.65%. The business had revenue of $14.62 billion for the quarter, compared to analyst estimates of $12.43 billion. During the same period in the prior year, the company posted $0.65 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. 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 Price Performance

Shares of EPD stock traded down $0.02 during mid-day trading on Monday, hitting $28.53. 483,715 shares of the stock were exchanged, compared to its average volume of 4,914,076. The firm has a fifty day moving average of $28.58 and a 200 day moving average of $27.33. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.95. Enterprise Products Partners has a 52-week low of $25.19 and a 52-week high of $29.99. The company has a market cap of $61.86 billion, a PE ratio of 11.33 and a beta of 1.02.

Enterprise Products Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.06 annualized dividend and a dividend yield of 7.22%. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 81.75%.

Analysts Set New Price Targets

Several research firms recently weighed in on EPD. Royal Bank of Canada restated an “outperform” rating and set a $35.00 price target on shares of Enterprise Products Partners in a research report on Friday, April 5th. Wells Fargo & Company increased their price objective on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Truist Financial increased their price objective on shares of Enterprise Products Partners from $31.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Mizuho reiterated a “buy” rating and issued a $34.00 price objective on shares of Enterprise Products Partners in a report on Thursday, April 4th. Finally, Stifel Nicolaus increased their price objective on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Two analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $32.58.

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.