Equities analysts predict that Ferrellgas Partners, L.P. (NYSE:FGP) will announce $365.36 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Ferrellgas Partners’ earnings, with estimates ranging from $364.05 million to $366.67 million. Ferrellgas Partners posted sales of $433.38 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 15.7%. The firm is expected to report its next quarterly earnings report before the market opens on Thursday, September 27th.

On average, analysts expect that Ferrellgas Partners will report full year sales of $2.09 billion for the current financial year. For the next year, analysts expect that the business will report sales of $1.81 billion per share, with estimates ranging from $1.67 billion to $1.95 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Ferrellgas Partners.

Ferrellgas Partners (NYSE:FGP) last announced its quarterly earnings data on Thursday, June 7th. The oil and gas company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.06). The firm had revenue of $515.81 million for the quarter, compared to analyst estimates of $621.28 million.

Several research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Ferrellgas Partners from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Zacks Investment Research upgraded shares of Ferrellgas Partners from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $4.25.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. California Public Employees Retirement System grew its position in Ferrellgas Partners by 8.8% in the second quarter. California Public Employees Retirement System now owns 232,890 shares of the oil and gas company’s stock valued at $783,000 after acquiring an additional 18,890 shares during the period. First Republic Investment Management Inc. bought a new stake in shares of Ferrellgas Partners in the second quarter worth about $118,000. Arrow Investment Advisors LLC bought a new stake in shares of Ferrellgas Partners in the second quarter worth about $516,000. Sei Investments Co. grew its stake in shares of Ferrellgas Partners by 5,831.6% in the second quarter. Sei Investments Co. now owns 29,658 shares of the oil and gas company’s stock worth $100,000 after purchasing an additional 29,158 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in Ferrellgas Partners by 29.5% in the first quarter. LPL Financial LLC now owns 91,749 shares of the oil and gas company’s stock worth $286,000 after buying an additional 20,909 shares during the period. Hedge funds and other institutional investors own 5.50% of the company’s stock.

Shares of FGP stock traded down $0.19 during trading hours on Tuesday, hitting $2.82. 18,035 shares of the company were exchanged, compared to its average volume of 244,404. The firm has a market cap of $295.34 million, a P/E ratio of -5.40 and a beta of 0.60. Ferrellgas Partners has a 1 year low of $2.87 and a 1 year high of $5.75. The company has a debt-to-equity ratio of -2.46, a current ratio of 1.08 and a quick ratio of 0.81.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, September 7th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $0.40 annualized dividend and a yield of 14.18%. Ferrellgas Partners’s payout ratio is -72.73%.

Ferrellgas Partners Company Profile

Ferrellgas Partners, L.P. distributes and sells propane and related equipment and supplies primarily in the United States. It operates in two segments, Propane Operations and Related Equipment Sales, and Midstream Operations. The company transports propane to propane distribution locations, tanks on customers' premises, or to portable propane tanks delivered to retailers.

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