Brokerages Expect Plains All American Pipeline, L.P. (NYSE:PAA) to Post $0.43 EPS
Equities research analysts expect Plains All American Pipeline, L.P. (NYSE:PAA) to announce earnings per share of $0.43 for the current quarter, according to Zacks. Five analysts have made estimates for Plains All American Pipeline’s earnings, with the highest EPS estimate coming in at $0.53 and the lowest estimate coming in at $0.35. Plains All American Pipeline reported earnings per share of $0.38 during the same quarter last year, which would suggest a positive year over year growth rate of 13.2%. The firm is expected to announce its next quarterly earnings report after the market closes on Tuesday, August 6th.
On average, analysts expect that Plains All American Pipeline will report full-year earnings of $2.22 per share for the current year, with EPS estimates ranging from $2.01 to $2.66. For the next year, analysts expect that the firm will post earnings of $1.99 per share, with EPS estimates ranging from $1.57 to $2.42. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Plains All American Pipeline.
Plains All American Pipeline (NYSE:PAA) last posted its quarterly earnings data on Tuesday, May 7th. The pipeline company reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.10. Plains All American Pipeline had a return on equity of 20.70% and a net margin of 8.51%. The company had revenue of $8.38 billion during the quarter, compared to analyst estimates of $8.77 billion. During the same quarter last year, the company earned $0.61 EPS. The firm’s revenue for the quarter was down .3% on a year-over-year basis.
PAA stock traded up $0.44 on Monday, reaching $25.04. 2,019,000 shares of the company traded hands, compared to its average volume of 2,128,051. Plains All American Pipeline has a one year low of $19.33 and a one year high of $27.70. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.90 and a current ratio of 1.02. The company has a market cap of $17.93 billion, a P/E ratio of 13.32 and a beta of 1.01. The firm’s fifty day simple moving average is $23.98.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date of this dividend is Tuesday, July 30th. Plains All American Pipeline’s payout ratio is 76.60%.
In other Plains All American Pipeline news, insider Emg Investment, Llc sold 8,179,284 shares of Plains All American Pipeline stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $23.10, for a total value of $188,941,460.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Belvedere Advisors LLC purchased a new position in shares of Plains All American Pipeline in the 1st quarter worth $30,000. Executive Wealth Management LLC purchased a new position in shares of Plains All American Pipeline in the 4th quarter worth $28,000. Zions Bancorporation N.A. purchased a new position in shares of Plains All American Pipeline in the 1st quarter worth $48,000. Enterprise Financial Services Corp boosted its stake in shares of Plains All American Pipeline by 71.5% in the 1st quarter. Enterprise Financial Services Corp now owns 2,039 shares of the pipeline company’s stock worth $50,000 after buying an additional 850 shares during the last quarter. Finally, Interactive Financial Advisors purchased a new position in shares of Plains All American Pipeline in the 1st quarter worth $62,000. Hedge funds and other institutional investors own 48.65% of the company’s stock.
About Plains All American Pipeline
Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), and natural gas in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics.
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