Zacks: Brokerages Anticipate Energy Transfer LP Unit (ET) Will Announce Quarterly Sales of $13.97 Billion
Wall Street brokerages predict that Energy Transfer LP Unit (NYSE:ET) will post sales of $13.97 billion for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Energy Transfer LP Unit’s earnings. The highest sales estimate is $14.86 billion and the lowest is $13.12 billion. Energy Transfer LP Unit reported sales of $11.88 billion in the same quarter last year, which would indicate a positive year over year growth rate of 17.6%. The firm is expected to report its next earnings report on Wednesday, May 8th.
According to Zacks, analysts expect that Energy Transfer LP Unit will report full year sales of $58.76 billion for the current financial year, with estimates ranging from $57.56 billion to $59.40 billion. For the next year, analysts anticipate that the firm will report sales of $60.42 billion, with estimates ranging from $59.73 billion to $61.14 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Energy Transfer LP Unit.
Energy Transfer LP Unit (NYSE:ET) last released its quarterly earnings results on Wednesday, February 20th. The pipeline company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.04). The company had revenue of $13.57 billion during the quarter, compared to analyst estimates of $14.67 billion. Energy Transfer LP Unit had a net margin of 3.18% and a return on equity of 6.15%. The company’s revenue was up 18.5% compared to the same quarter last year.
Shares of Energy Transfer LP Unit stock traded down $0.02 on Thursday, hitting $15.56. The company had a trading volume of 9,943,728 shares, compared to its average volume of 10,740,238. The stock has a market capitalization of $41.18 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 0.44 and a beta of 1.75. Energy Transfer LP Unit has a twelve month low of $11.68 and a twelve month high of $19.19. The company has a quick ratio of 0.54, a current ratio of 0.73 and a debt-to-equity ratio of 1.41.
About Energy Transfer LP Unit
Energy Transfer LP provides diversified energy-related services in the United States. It owns and operates approximately 7,900 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 11,800 miles of interstate natural gas pipelines. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.
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