Equities Analysts Set Expectations for PBA FY2027 Earnings

Key Points

• Scotiabank lowered its FY2027 EPS estimate for Pembina Pipeline to $2.16 from $2.24, close to the market consensus of $2.15 per share.
• Pembina beat quarterly EPS expectations ($0.56 vs. $0.50) but reported revenue down 10.8% year-over-year to $1.02 billion, indicating sales weakness despite the earnings beat.
• The company pays a quarterly dividend of $0.71 (annualized $2.84) with a yield of 6.4%, though the payout ratio is high at 109.47%, which may raise sustainability concerns.

Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL - Investment analysts at Scotiabank decreased their FY2027 earnings per share (EPS) estimates for shares of Pembina Pipeline in a research report issued on Friday, April 10th. Scotiabank analyst R. Hope now anticipates that the pipeline company will post earnings of $2.16 per share for the year, down from their prior forecast of $2.24. The consensus estimate for Pembina Pipeline's current full-year earnings is $2.15 per share.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last issued its quarterly earnings data on Thursday, February 26th. The pipeline company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.06. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.41 billion. Pembina Pipeline had a return on equity of 11.17% and a net margin of 21.76%.The business's quarterly revenue was down 10.8% compared to the same quarter last year. During the same period last year, the company earned $0.92 EPS.

A number of other equities research analysts have also weighed in on the company. Weiss Ratings upgraded Pembina Pipeline from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, March 2nd. BMO Capital Markets reiterated a "market perform" rating on shares of Pembina Pipeline in a research report on Wednesday. JPMorgan Chase & Co. lifted their price objective on Pembina Pipeline from $55.00 to $60.00 and gave the stock a "neutral" rating in a research report on Thursday, March 19th. Zacks Research upgraded Pembina Pipeline from a "strong sell" rating to a "hold" rating in a research report on Friday, January 23rd. Finally, TD Securities reiterated a "hold" rating on shares of Pembina Pipeline in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $60.00.

Pembina Pipeline Price Performance

Shares of PBA stock opened at $44.36 on Monday. The firm has a market cap of $25.78 billion, a P/E ratio of 23.35 and a beta of 0.62. Pembina Pipeline has a fifty-two week low of $35.31 and a fifty-two week high of $46.19. The business's 50 day moving average price is $44.15 and its 200-day moving average price is $40.58. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.61.

Pembina Pipeline Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a dividend of $0.71 per share. The ex-dividend date was Monday, March 16th. This represents a $2.84 annualized dividend and a dividend yield of 6.4%. Pembina Pipeline's payout ratio is currently 109.47%.

Institutional Investors Weigh In On Pembina Pipeline

Hedge funds have recently made changes to their positions in the company. Tobam bought a new stake in shares of Pembina Pipeline during the fourth quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Pembina Pipeline during the third quarter valued at approximately $31,000. Westside Investment Management Inc. boosted its position in shares of Pembina Pipeline by 100.0% during the third quarter. Westside Investment Management Inc. now owns 808 shares of the pipeline company's stock valued at $32,000 after purchasing an additional 404 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Pembina Pipeline during the fourth quarter valued at approximately $36,000. Finally, Physician Wealth Advisors Inc. boosted its position in shares of Pembina Pipeline by 441.2% during the third quarter. Physician Wealth Advisors Inc. now owns 920 shares of the pipeline company's stock valued at $37,000 after purchasing an additional 750 shares in the last quarter. 55.37% of the stock is currently owned by institutional investors.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation NYSE: PBA is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company's asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.

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