Wall Street analysts forecast that Valero Energy Partners (NYSE:VLP) will announce sales of $128.84 million for the current quarter, Zacks reports. Four analysts have issued estimates for Valero Energy Partners’ earnings. The lowest sales estimate is $125.09 million and the highest is $134.58 million. Valero Energy Partners reported sales of $105.82 million during the same quarter last year, which indicates a positive year-over-year growth rate of 21.8%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Thursday, April 26th.

According to Zacks, analysts expect that Valero Energy Partners will report full-year sales of $563.25 million for the current fiscal year, with estimates ranging from $526.30 million to $587.38 million. For the next fiscal year, analysts forecast that the firm will post sales of $681.13 million per share, with estimates ranging from $540.10 million to $806.76 million. Zacks’ sales averages are an average based on a survey of research firms that cover Valero Energy Partners.

How to Become a New Pot Stock Millionaire

Valero Energy Partners (NYSE:VLP) last posted its quarterly earnings results on Friday, February 2nd. The pipeline company reported $0.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.01). Valero Energy Partners had a net margin of 52.75% and a return on equity of 144.86%. The firm had revenue of $126.30 million for the quarter, compared to analysts’ expectations of $123.24 million. During the same period last year, the firm posted $0.77 EPS. Valero Energy Partners’s revenue was up 21.3% on a year-over-year basis.

A number of equities research analysts have issued reports on the company. Citigroup lowered their price target on Valero Energy Partners from $46.50 to $37.00 and set a “neutral” rating for the company in a research report on Tuesday, March 27th. Mizuho dropped coverage on Valero Energy Partners in a research report on Monday, March 26th. JPMorgan Chase reissued an “overweight” rating and set a $50.00 price target (down previously from $54.00) on shares of Valero Energy Partners in a research report on Tuesday, March 13th. TheStreet downgraded Valero Energy Partners from a “b” rating to a “c+” rating in a research report on Friday, February 23rd. Finally, Royal Bank of Canada lowered their price target on Valero Energy Partners to $55.00 and set a “positive” rating for the company in a research report on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $49.00.

Hedge funds and other institutional investors have recently modified their holdings of the company. Icon Wealth Partners LLC purchased a new stake in shares of Valero Energy Partners in the fourth quarter worth about $125,000. Glenmede Trust Co. NA boosted its position in shares of Valero Energy Partners by 4,400.0% in the fourth quarter. Glenmede Trust Co. NA now owns 4,500 shares of the pipeline company’s stock worth $200,000 after buying an additional 4,400 shares during the period. Raymond James & Associates purchased a new stake in shares of Valero Energy Partners in the fourth quarter worth about $203,000. Ferris Capital LLC purchased a new stake in shares of Valero Energy Partners in the fourth quarter worth about $299,000. Finally, IFG Advisory LLC purchased a new stake in shares of Valero Energy Partners in the fourth quarter worth about $253,000. 29.16% of the stock is owned by institutional investors.

VLP stock opened at $40.27 on Tuesday. Valero Energy Partners has a 12-month low of $33.25 and a 12-month high of $48.66. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 6.20. The stock has a market cap of $2,757.74, a price-to-earnings ratio of 14.54, a PEG ratio of 1.25 and a beta of 0.83.

ILLEGAL ACTIVITY NOTICE: “Valero Energy Partners (VLP) Expected to Post Quarterly Sales of $128.84 Million” was originally published by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The legal version of this report can be accessed at https://www.dailypolitical.com/2018/04/16/valero-energy-partners-vlp-expected-to-post-quarterly-sales-of-128-84-million-2.html.

Valero Energy Partners Company Profile

Valero Energy Partners LP owns, operates, develops, and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets in the United States. Its assets consists of the Port Arthur logistics system, the McKee logistics system, the Memphis logistics system, the Three Rivers logistics system, the Ardmore logistics system, the Houston logistics system, the St.

Get a free copy of the Zacks research report on Valero Energy Partners (VLP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Valero Energy Partners (NYSE:VLP)

Receive News & Ratings for Valero Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy Partners and related companies with MarketBeat.com's FREE daily email newsletter.