Energy Transfer (ET) Set to Announce Quarterly Earnings on Wednesday

Energy Transfer (NYSE:ET) will be announcing its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Energy Transfer (NYSE:ET) last issued its earnings results on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.08. Energy Transfer had a net margin of 4.85% and a return on equity of 12.17%. The firm had revenue of $20.53 billion during the quarter, compared to analysts’ expectations of $21.46 billion. During the same quarter last year, the company posted $0.34 earnings per share. The firm’s revenue was up .2% compared to the same quarter last year. On average, analysts expect Energy Transfer to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Energy Transfer Trading Down 1.6 %

Shares of Energy Transfer stock opened at $15.73 on Wednesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.10 and a quick ratio of 0.88. The firm has a fifty day moving average price of $15.41 and a 200 day moving average price of $14.36. Energy Transfer has a 1 year low of $12.18 and a 1 year high of $16.07. The stock has a market cap of $53.00 billion, a PE ratio of 14.43 and a beta of 1.64.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 13th will be issued a dividend of $0.317 per share. This represents a $1.27 annualized dividend and a dividend yield of 8.06%. The ex-dividend date is Friday, May 10th. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. Energy Transfer’s dividend payout ratio (DPR) is 115.60%.

Analyst Ratings Changes

ET has been the subject of a number of recent analyst reports. Mizuho reaffirmed a “buy” rating and issued a $19.00 price objective (up previously from $18.00) on shares of Energy Transfer in a report on Thursday, April 18th. Citigroup lifted their price objective on shares of Energy Transfer from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, UBS Group cut their price objective on shares of Energy Transfer from $23.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, February 15th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Energy Transfer currently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Energy Transfer Company Profile

Energy Transfer LP provides energy-related services. The company owns and operates natural gas transportation pipeline, and natural gas storage facilities in Texas and Oklahoma; and approximately 20,090 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users.