Equities analysts predict that Boardwalk Pipeline Partners L.P. (NYSE:BWP) will announce earnings per share of $0.26 for the current quarter, according to Zacks. Four analysts have issued estimates for Boardwalk Pipeline Partners L.P.’s earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.28. Boardwalk Pipeline Partners L.P. reported earnings of $0.19 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 36.8%. The firm is expected to report its next earnings results on Monday, October 30th.

On average, analysts expect that Boardwalk Pipeline Partners L.P. will report full-year earnings of $1.34 per share for the current fiscal year, with EPS estimates ranging from $1.21 to $1.42. For the next fiscal year, analysts expect that the firm will report earnings of $1.49 per share, with EPS estimates ranging from $1.34 to $1.67. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Boardwalk Pipeline Partners L.P..

Boardwalk Pipeline Partners L.P. (NYSE:BWP) last issued its quarterly earnings data on Monday, July 31st. The pipeline company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). The business had revenue of $317.60 million during the quarter, compared to the consensus estimate of $315.12 million. Boardwalk Pipeline Partners L.P. had a return on equity of 7.14% and a net margin of 20.78%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 EPS.

A number of research firms have issued reports on BWP. Royal Bank Of Canada restated a “hold” rating and issued a $18.00 price objective on shares of Boardwalk Pipeline Partners L.P. in a research report on Wednesday, September 6th. ValuEngine cut shares of Boardwalk Pipeline Partners L.P. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub cut shares of Boardwalk Pipeline Partners L.P. from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Finally, Zacks Investment Research cut shares of Boardwalk Pipeline Partners L.P. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $22.75.

Shares of Boardwalk Pipeline Partners L.P. (NYSE BWP) traded down 0.13% during mid-day trading on Tuesday, reaching $14.83. 2,760,288 shares of the company’s stock were exchanged. The stock has a market cap of $3.71 billion, a PE ratio of 13.59 and a beta of 0.78. The company has a 50 day moving average price of $15.37 and a 200-day moving average price of $17.28. Boardwalk Pipeline Partners L.P. has a one year low of $14.40 and a one year high of $18.95.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Thursday, August 10th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.70%. The ex-dividend date was Tuesday, August 8th. Boardwalk Pipeline Partners L.P.’s payout ratio is currently 36.36%.

A number of large investors have recently bought and sold shares of BWP. Kayne Anderson Capital Advisors LP bought a new stake in Boardwalk Pipeline Partners L.P. during the first quarter worth about $16,547,000. Balyasny Asset Management LLC boosted its stake in Boardwalk Pipeline Partners L.P. by 202.8% during the second quarter. Balyasny Asset Management LLC now owns 1,285,544 shares of the pipeline company’s stock worth $23,153,000 after acquiring an additional 861,044 shares in the last quarter. FMR LLC boosted its stake in Boardwalk Pipeline Partners L.P. by 8.8% during the second quarter. FMR LLC now owns 9,824,830 shares of the pipeline company’s stock worth $176,945,000 after acquiring an additional 795,622 shares in the last quarter. MARSHALL WACE ASIA Ltd bought a new stake in Boardwalk Pipeline Partners L.P. during the first quarter worth about $12,704,000. Finally, Marshall Wace North America L.P. bought a new stake in Boardwalk Pipeline Partners L.P. during the first quarter worth about $12,704,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

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About Boardwalk Pipeline Partners L.P.

Boardwalk Pipeline Partners, LP is a limited partnership company. The Company’s business includes integrated natural gas and natural gas liquids, and other hydrocarbons (referred to together as NGLs) pipeline and storage systems. The Company is engaged in the operation of interstate natural gas and NGLs pipeline systems, and integrated storage facilities, including interstate natural gas pipeline systems located in the Gulf Coast region, Oklahoma, Arkansas and the Midwestern states of Tennessee, Kentucky, Illinois, Indiana and Ohio, and its NGLs pipelines and storage facilities in Louisiana and Texas.

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Earnings History and Estimates for Boardwalk Pipeline Partners L.P. (NYSE:BWP)

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