Brokerages predict that Holly Energy Partners, L.P. (NYSE:HEP) will announce $129.66 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Holly Energy Partners’ earnings, with the lowest sales estimate coming in at $128.80 million and the highest estimate coming in at $130.50 million. Holly Energy Partners posted sales of $128.88 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 0.6%. The company is scheduled to report its next quarterly earnings results before the market opens on Wednesday, May 1st.
On average, analysts expect that Holly Energy Partners will report full-year sales of $523.16 million for the current fiscal year, with estimates ranging from $512.90 million to $531.76 million. For the next financial year, analysts forecast that the company will post sales of $536.81 million, with estimates ranging from $519.60 million to $552.86 million. Zacks’ sales averages are a mean average based on a survey of analysts that cover Holly Energy Partners.
Holly Energy Partners (NYSE:HEP) last announced its quarterly earnings data on Tuesday, February 19th. The pipeline company reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.01). Holly Energy Partners had a net margin of 35.33% and a return on equity of 32.61%. The business had revenue of $132.80 million during the quarter, compared to analyst estimates of $129.81 million. During the same quarter in the prior year, the company earned $0.96 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis.
Shares of NYSE HEP opened at $26.99 on Friday. Holly Energy Partners has a fifty-two week low of $26.88 and a fifty-two week high of $34.00. The company has a market capitalization of $2.86 billion, a P/E ratio of 15.88 and a beta of 0.80. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 2.75.
A number of institutional investors and hedge funds have recently bought and sold shares of HEP. Lindbrook Capital LLC acquired a new stake in Holly Energy Partners in the fourth quarter worth $39,000. Arlington Partners LLC acquired a new stake in Holly Energy Partners in the fourth quarter worth $43,000. Northern Oak Wealth Management Inc. raised its holdings in Holly Energy Partners by 80.6% in the third quarter. Northern Oak Wealth Management Inc. now owns 5,600 shares of the pipeline company’s stock worth $176,000 after purchasing an additional 2,500 shares during the period. Tower Research Capital LLC TRC acquired a new stake in Holly Energy Partners in the third quarter worth $207,000. Finally, Pettinga Financial Advisors LLC acquired a new stake in Holly Energy Partners in the fourth quarter worth $210,000. Institutional investors own 32.26% of the company’s stock.
Holly Energy Partners Company Profile
Holly Energy Partners, L.P. owns and operates petroleum product and crude pipelines, storage tanks, distribution terminals, loading rack facilities, and refinery processing units that support the refining and marketing operations of HollyFrontier Corporation in West Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Arizona, Idaho, and Washington.
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