$13.97 Billion in Sales Expected for Energy Transfer LP Unit (ET) This Quarter

Brokerages expect Energy Transfer LP Unit (NYSE:ET) to announce sales of $13.97 billion for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Energy Transfer LP Unit’s earnings, with the lowest sales estimate coming in at $13.12 billion and the highest estimate coming in at $14.86 billion. Energy Transfer LP Unit reported sales of $11.88 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 17.6%. The company is expected to issue its next quarterly earnings results 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 financial year, analysts anticipate that the company will post sales of $60.42 billion, with estimates ranging from $59.73 billion to $61.14 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that that provide coverage for Energy Transfer LP Unit.

Energy Transfer LP Unit (NYSE:ET) last released its 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 business had revenue of $13.57 billion for the quarter, compared to analysts’ expectations of $14.67 billion. Energy Transfer LP Unit had a return on equity of 6.15% and a net margin of 3.18%. The company’s revenue was up 18.5% compared to the same quarter last year.

A number of research analysts recently commented on the company. TheStreet raised Energy Transfer LP Unit from a “c+” rating to a “b” rating in a report on Thursday, February 21st. Zacks Investment Research raised Energy Transfer LP Unit from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Wednesday. Stifel Nicolaus reissued a “buy” rating and issued a $20.00 price target on shares of Energy Transfer LP Unit in a report on Thursday, February 21st. ValuEngine raised Energy Transfer LP Unit from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. Finally, Evercore ISI assumed coverage on Energy Transfer LP Unit in a report on Tuesday, February 5th. They issued an “outperform” rating for the company. One analyst has rated the stock with a sell rating, six have given a buy rating and one has given a strong buy rating to the company. Energy Transfer LP Unit has a consensus rating of “Buy” and an average target price of $19.20.

NYSE:ET traded down $0.06 on Thursday, hitting $15.28. 5,551,335 shares of the stock were exchanged, compared to its average volume of 7,131,251. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.73 and a quick ratio of 0.54. Energy Transfer LP Unit has a fifty-two week low of $11.68 and a fifty-two week high of $19.19. The firm has a market capitalization of $40.02 billion, a PE ratio of 13.29, a P/E/G ratio of 0.44 and a beta of 1.75.

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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Earnings History and Estimates for Energy Transfer LP Unit (NYSE:ET)

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