Ultrapar Participacoes (NYSE:UGP) Posts Quarterly Earnings Results, Beats Expectations By $0.18 EPS

Key Points

• Ultrapar reported quarterly EPS of $0.46, beating the $0.28 consensus estimate by $0.18.
• The company recently paid a dividend of $0.1932 per share; its reported payout ratio was 50.82%.
• Analyst opinion is mixed: MarketBeat’s consensus rating is “Moderate Buy,” with a $6.54 average price target. Executives also sold shares in recent transactions.

Ultrapar Participacoes (NYSE:UGP - Get Free Report) issued its earnings results on Wednesday. The oil and gas company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.28 by $0.18, FiscalAI reports. Ultrapar Participacoes had a return on equity of 18.84% and a net margin of 2.28%.

Ultrapar Participacoes Price Performance

Shares of Ultrapar Participacoes stock traded up $0.04 on Wednesday, hitting $5.43. 4,225,256 shares of the company traded hands, compared to its average volume of 3,329,157. The firm's 50-day simple moving average is $7.14 and its 200 day simple moving average is $5.95. The company has a current ratio of 1.64, a quick ratio of 1.26 and a debt-to-equity ratio of 0.74. The company has a market cap of $6.06 billion, a P/E ratio of 8.91, a P/E/G ratio of 0.29 and a beta of 0.85. Ultrapar Participacoes has a 12-month low of $3.60 and a 12-month high of $8.28.

Ultrapar Participacoes Announces Dividend

The business also recently announced a dividend, which was paid on Monday, September 14th. Shareholders of record on Wednesday, August 26th were given a dividend of $0.1932 per share. The ex-dividend date was Wednesday, August 26th. This represents a yield of 599.0%. Ultrapar Participacoes's payout ratio is presently 50.82%.

Insider Buying and Selling at Ultrapar Participacoes

In other Ultrapar Participacoes news, CEO Decio De Sampaio Amaral sold 8,000 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $6.93, for a total value of $55,440.00. Following the completion of the sale, the chief executive officer owned 151,432 shares of the company's stock, valued at $1,049,423.76. This represents a 5.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Andre Saleme Hachem sold 39,200 shares of the business's stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $7.67, for a total transaction of $300,664.00. Following the completion of the sale, the chief financial officer owned 25,675 shares of the company's stock, valued at approximately $196,927.25. The trade was a 60.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 77,785 shares of company stock worth $587,312 over the last 90 days. Corporate insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

UGP has been the topic of several recent analyst reports. Weiss Ratings cut Ultrapar Participacoes from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. The Goldman Sachs Group reduced their target price on shares of Ultrapar Participacoes from $6.50 to $5.80 and set a "neutral" rating for the company in a research note on Wednesday, August 26th. Zacks Research upgraded shares of Ultrapar Participacoes from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 15th. UBS Group upped their target price on Ultrapar Participacoes from $7.20 to $7.90 and gave the company a "buy" rating in a report on Friday, September 4th. Finally, JPMorgan Chase & Co. downgraded Ultrapar Participacoes from an "overweight" rating to a "neutral" rating in a research report on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $6.54.

Ultrapar Participacoes Company Profile

Ultrapar Participações S.A. is a Brazilian holding company with businesses focused on fuel distribution, liquefied petroleum gas (LPG) and bulk liquid storage. Its operations serve customers across Brazil, including consumers, businesses and industrial clients. The company's main businesses include Ipiranga, which distributes and markets fuels and related products, and Ultragaz, a supplier of LPG for residential, commercial and industrial use. Through Ultracargo, Ultrapar also provides storage and handling services for bulk liquids, including fuels and chemicals.

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