In today’s recent session, 2.65 million shares of the Enterprise Products Partners L P (NYSE:EPD) have been traded, and its beta is 0.98. Most recently the company’s share price was $28.99, and it changed around -$0.01 or -0.05% from the last close, which brings the market valuation of the company to $62.85B. EPD at last check was trading at a discount to its 52-week high of $29.99, offering almost -3.45% off that amount. The share price’s 52-week low was $25.19, which indicates that the recent value has risen by an impressive 13.11% since then. We note from Enterprise Products Partners L P’s average daily trading volume that its 3-month average coming to 4.83 million.
Enterprise Products Partners L P stock received a consensus recommendation rating of Buy, based on a mean score of 1.41. If we narrow it down even further, the data shows that 0 out of 24 analysts rate the stock as a Sell; another 11 rate it as Overweight. Among the rest, 2 recommended EPD as a Hold, whereas 11 deemed it a Buy, and 0 rated it as Underweight. Enterprise Products Partners L P is expected to report earnings per share of $0.67 for the current quarter.
Enterprise Products Partners L P (NYSE:EPD) trade information
Instantly EPD has been showing red trend so far today with a performance of -0.05% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently up 10.00% year-to-date, but still up 2.31% over the last five days. On the other hand, Enterprise Products Partners L P (NYSE:EPD) is 0.43% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $30, which translates to bulls needing to increase their stock price by 3.37% from its current value. Analyst projections state that EPD is forecast to be at a low of $27 and a high of $32.
Enterprise Products Partners L P (EPD) estimates and forecasts
Enterprise Products Partners L P share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 5.44 percent over the past six months and at a 3.95% annual growth rate that is well below the industry average of 7.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 6.30% in revenue this quarter, and will report an increase of 12.30% in the next quarter. The year-over-year growth rate is expected to be 9.90%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of $14.23 billion in revenue for the current quarter. 4 analysts expect Enterprise Products Partners L P to make $14.12 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $12.44 billion and $10.65 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 14.40%. Forecasts for the next quarter put sales growth at 32.50%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 5.54%. Enterprise Products Partners L P earnings are expected to increase by 7.41% in 2024, but the outlook is positive 8.40% per year for the next five years.
EPD Dividends
Enterprise Products Partners L P’s next quarterly earnings report is expected to be released in May. The annual dividend yield of the stock is 6.92 percent and its annual dividend per share was 2.00. It is important to note, however, that the 6.92% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
