Enterprise Products Partners (EPD) Set to Announce Earnings on Tuesday

Enterprise Products Partners (NYSE:EPD - Get Free Report) will be posting its quarterly earnings results before the market opens on Tuesday, October 29th. Analysts expect Enterprise Products Partners to post earnings of $0.68 per share for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.02). The firm had revenue of $13.48 billion for the quarter, compared to analyst estimates of $14.23 billion. Enterprise Products Partners had a return on equity of 20.13% and a net margin of 10.48%. Enterprise Products Partners's revenue for the quarter was up 26.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.57 earnings per share. On average, analysts expect Enterprise Products Partners to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Enterprise Products Partners Trading Down 0.2 %

Shares of EPD traded down $0.05 on Tuesday, hitting $28.95. 3,566,765 shares of the stock traded hands, compared to its average volume of 4,295,927. The firm has a market capitalization of $62.86 billion, a P/E ratio of 11.35, a P/E/G ratio of 1.49 and a beta of 1.03. The company has a quick ratio of 0.68, a current ratio of 0.91 and a debt-to-equity ratio of 0.98. Enterprise Products Partners has a 1 year low of $25.61 and a 1 year high of $30.05. The stock's 50 day moving average is $29.24 and its two-hundred day moving average is $28.95.

Enterprise Products Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 7.26%. The ex-dividend date is Thursday, October 31st. Enterprise Products Partners's dividend payout ratio (DPR) is presently 82.35%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on EPD shares. Bank of America assumed coverage on shares of Enterprise Products Partners in a research report on Thursday, October 17th. They set a "buy" rating and a $35.00 target price for the company. Truist Financial increased their price objective on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. Royal Bank of Canada lifted their target price on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Finally, StockNews.com downgraded Enterprise Products Partners from a "strong-buy" rating to a "buy" rating in a report on Monday, August 12th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $33.73.

Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.