Energy Transfer (ET) Scheduled to Release Quarterly Earnings on Wednesday

Energy Transfer (NYSE:ET) will release its earnings data after the market closes on Wednesday, May 8th. Analysts expect Energy Transfer to post 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 posted its earnings results on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. The business had revenue of $20.53 billion during the quarter, compared to analyst estimates of $21.46 billion. Energy Transfer had a return on equity of 12.17% and a net margin of 4.85%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 earnings per share. 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 Up 0.7 %

ET opened at $15.89 on Monday. The firm has a market capitalization of $53.54 billion, a P/E ratio of 14.58 and a beta of 1.63. The firm’s 50 day moving average is $15.46 and its 200-day moving average is $14.40. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 1.37. Energy Transfer has a 52-week low of $12.18 and a 52-week high of $16.07.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 13th will be paid a $0.317 dividend. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, May 10th. This represents a $1.27 annualized dividend and a dividend yield of 7.98%. Energy Transfer’s payout ratio is 115.60%.

Analyst Ratings Changes

ET has been the topic of a number of recent analyst reports. UBS Group cut their target price on Energy Transfer from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. Citigroup increased their target price on shares of Energy Transfer from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, Mizuho reissued a “buy” rating and issued a $19.00 target price (up previously from $18.00) on shares of Energy Transfer in a report on Thursday, April 18th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average 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.