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

Enterprise Products Partners (NYSE:EPD - Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Tuesday, April 30th. Analysts expect Enterprise Products Partners to post earnings of $0.64 per share for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its quarterly earnings data on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.04. The firm had revenue of $14.62 billion during the quarter, compared to analysts' expectations of $12.43 billion. Enterprise Products Partners had a net margin of 11.12% and a return on equity of 19.65%. The business's revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.65 earnings per share. 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 Trading Down 1.5 %

NYSE EPD traded down $0.45 during trading on Monday, reaching $28.62. 4,139,698 shares of the stock traded hands, compared to its average volume of 4,961,184. The firm has a market cap of $62.04 billion, a price-to-earnings ratio of 11.27 and a beta of 1.02. The stock's 50-day moving average price is $28.58 and its 200 day moving average price is $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 fifty-two week low of $25.19 and a fifty-two week high of $29.99.

Enterprise Products Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 7.20%. The ex-dividend date of this dividend is Monday, April 29th. Enterprise Products Partners's dividend payout ratio is currently 81.75%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on EPD shares. StockNews.com upgraded shares of Enterprise Products Partners from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 9th. Mizuho reiterated a "buy" rating and issued a $34.00 price target on shares of Enterprise Products Partners in a report on Thursday, April 4th. Wells Fargo & Company upped their price target 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. Royal Bank of Canada reiterated an "outperform" rating and issued a $35.00 price target on shares of Enterprise Products Partners in a report on Friday, April 5th. Finally, Scotiabank upped their price target on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the company a "sector outperform" rating in a report on Thursday, April 4th. Two research 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's stock. According to data from MarketBeat.com, the stock currently has an average 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.