Wall Street analysts forecast that Energy Transfer Partners LP (NYSE:ETP) will post earnings per share (EPS) of $0.18 for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Energy Transfer Partners’ earnings, with the highest EPS estimate coming in at $0.30 and the lowest estimate coming in at ($0.08). Energy Transfer Partners posted earnings of ($0.04) per share during the same quarter last year, which would indicate a positive year over year growth rate of 550%. The business is scheduled to issue its next quarterly earnings results on Tuesday, August 14th.
According to Zacks, analysts expect that Energy Transfer Partners will report full-year earnings of $1.07 per share for the current fiscal year, with EPS estimates ranging from $0.66 to $1.43. For the next year, analysts expect that the business will post earnings of $1.32 per share, with EPS estimates ranging from $1.02 to $1.74. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Energy Transfer Partners.
Energy Transfer Partners (NYSE:ETP) last issued its quarterly earnings results on Wednesday, May 9th. The pipeline company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.11). The company had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $8.84 billion. Energy Transfer Partners had a return on equity of 7.22% and a net margin of 8.24%. Energy Transfer Partners’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period last year, the firm posted $0.03 earnings per share.
ETP has been the topic of a number of research analyst reports. ValuEngine downgraded shares of Energy Transfer Partners from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Bank of America dropped their price objective on shares of Energy Transfer Partners from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Tuesday, March 27th. Mizuho reaffirmed a “buy” rating on shares of Energy Transfer Partners in a report on Monday, March 19th. Finally, Robert W. Baird set a $21.00 price objective on shares of Energy Transfer Partners and gave the company a “buy” rating in a report on Friday, April 6th. Three analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. Energy Transfer Partners presently has a consensus rating of “Hold” and an average target price of $23.77.
Several institutional investors and hedge funds have recently made changes to their positions in the company. UBS Group AG increased its position in shares of Energy Transfer Partners by 5.0% during the first quarter. UBS Group AG now owns 47,781,450 shares of the pipeline company’s stock valued at $775,015,000 after buying an additional 2,286,722 shares during the period. Kayne Anderson Capital Advisors LP increased its position in shares of Energy Transfer Partners by 2.0% during the first quarter. Kayne Anderson Capital Advisors LP now owns 34,311,750 shares of the pipeline company’s stock valued at $556,518,000 after buying an additional 657,243 shares during the period. Brookfield Asset Management Inc. increased its position in shares of Energy Transfer Partners by 273.6% during the first quarter. Brookfield Asset Management Inc. now owns 19,195,528 shares of the pipeline company’s stock valued at $311,352,000 after buying an additional 14,057,785 shares during the period. Deutsche Bank AG increased its position in shares of Energy Transfer Partners by 8.2% during the fourth quarter. Deutsche Bank AG now owns 11,136,428 shares of the pipeline company’s stock valued at $199,562,000 after buying an additional 847,407 shares during the period. Finally, Hsbc Holdings PLC increased its position in shares of Energy Transfer Partners by 40.7% during the first quarter. Hsbc Holdings PLC now owns 6,337,573 shares of the pipeline company’s stock valued at $102,795,000 after buying an additional 1,831,801 shares during the period. Hedge funds and other institutional investors own 62.48% of the company’s stock.
Shares of Energy Transfer Partners traded up $0.05, reaching $19.04, during midday trading on Friday, MarketBeat Ratings reports. The company had a trading volume of 3,168,188 shares, compared to its average volume of 4,080,584. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.70 and a current ratio of 0.92. The company has a market capitalization of $22.18 billion, a P/E ratio of 26.44, a price-to-earnings-growth ratio of 1.28 and a beta of 0.99. Energy Transfer Partners has a 52-week low of $15.06 and a 52-week high of $21.68.
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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