What is Raymond James' Forecast for TSE:PPL FY2024 Earnings?

Pembina Pipeline Co. (TSE:PPL - Free Report) NYSE: PBA - Research analysts at Raymond James decreased their FY2024 earnings per share (EPS) estimates for shares of Pembina Pipeline in a note issued to investors on Wednesday, November 6th. Raymond James analyst M. Barth now anticipates that the company will earn $3.11 per share for the year, down from their previous forecast of $3.31. Raymond James has a "Moderate Buy" rating on the stock. The consensus estimate for Pembina Pipeline's current full-year earnings is $3.44 per share. Raymond James also issued estimates for Pembina Pipeline's FY2025 earnings at $3.27 EPS and FY2026 earnings at $3.38 EPS.

Several other research firms have also commented on PPL. National Bankshares raised their price target on Pembina Pipeline from C$53.00 to C$57.00 and gave the stock a "sector perform" rating in a research report on Friday, August 23rd. CIBC boosted their price target on shares of Pembina Pipeline from C$59.00 to C$60.00 in a research note on Monday, July 15th. BMO Capital Markets lifted their price objective on shares of Pembina Pipeline from C$56.00 to C$58.00 in a report on Thursday, September 5th. Royal Bank of Canada increased their target price on shares of Pembina Pipeline from C$60.00 to C$65.00 and gave the stock an "outperform" rating in a report on Thursday, October 3rd. Finally, ATB Capital boosted their price target on shares of Pembina Pipeline from C$56.00 to C$58.00 in a research note on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of C$58.29.

Pembina Pipeline Trading Down 0.2 %

Shares of PPL traded down C$0.13 during trading on Friday, reaching C$57.00. 1,356,588 shares of the company traded hands, compared to its average volume of 2,715,302. The stock has a 50-day simple moving average of C$56.79 and a 200-day simple moving average of C$53.02. The company has a quick ratio of 0.50, a current ratio of 0.69 and a debt-to-equity ratio of 77.50. Pembina Pipeline has a twelve month low of C$43.37 and a twelve month high of C$59.86. The stock has a market cap of C$33.07 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48.

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA last announced its quarterly earnings results on Tuesday, November 5th. The company reported C$0.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.79 by C($0.19). The firm had revenue of C$1.84 billion for the quarter, compared to analyst estimates of C$2.03 billion. Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%.

Insider Buying and Selling at Pembina Pipeline

In related news, Senior Officer J. Scott Burrows sold 3,926 shares of the business's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of C$54.32, for a total value of C$213,251.68. In other news, Senior Officer J. Scott Burrows sold 3,926 shares of the business's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of C$54.32, for a total transaction of C$213,251.68. Also, Senior Officer Jaret Sprott sold 37,414 shares of the business's stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total value of C$1,965,933.60. 0.05% of the stock is owned by company insiders.

Pembina Pipeline Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 4.84%. The ex-dividend date of this dividend is Monday, December 16th. Pembina Pipeline's dividend payout ratio (DPR) is 84.66%.

About Pembina Pipeline

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.