Valero Energy Partners (VLP) Set to Announce Earnings on Thursday
Valero Energy Partners (NYSE:VLP) will release its earnings data before the market opens on Thursday, October 25th. Analysts expect Valero Energy Partners to post earnings of $0.69 per share for the quarter.
Valero Energy Partners (NYSE:VLP) last posted its quarterly earnings results on Thursday, July 26th. The pipeline company reported $0.66 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.66. Valero Energy Partners had a net margin of 46.87% and a return on equity of 108.14%. The business had revenue of $134.63 million for the quarter, compared to the consensus estimate of $132.71 million. During the same period in the prior year, the business posted $0.69 earnings per share. Valero Energy Partners’s revenue for the quarter was up 21.8% compared to the same quarter last year. On average, analysts expect Valero Energy Partners to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
NYSE VLP opened at $39.40 on Thursday. Valero Energy Partners has a 1-year low of $33.25 and a 1-year high of $48.66. The company has a debt-to-equity ratio of 4.99, a quick ratio of 4.07 and a current ratio of 4.07. The firm has a market capitalization of $2.68 billion, a PE ratio of 14.22, a P/E/G ratio of 1.71 and a beta of 0.77.
An institutional investor recently raised its position in Valero Energy Partners stock. Bank of New York Mellon Corp boosted its holdings in shares of Valero Energy Partners LP (NYSE:VLP) by 19.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,346 shares of the pipeline company’s stock after buying an additional 1,819 shares during the quarter. Bank of New York Mellon Corp’s holdings in Valero Energy Partners were worth $432,000 at the end of the most recent quarter. 28.00% of the stock is owned by institutional investors.
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.
See Also: Initial Public Offering (IPO)
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