Wall Street analysts expect Ferrellgas Partners, L.P. (NYSE:FGP) to announce earnings of $0.61 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Ferrellgas Partners’ earnings. Ferrellgas Partners posted earnings per share of $0.39 in the same quarter last year, which would indicate a positive year-over-year growth rate of 56.4%. The company is scheduled to issue its next earnings report before the market opens on Thursday, March 8th.
On average, analysts expect that Ferrellgas Partners will report full-year earnings of $0.05 per share for the current financial year. For the next fiscal year, analysts anticipate that the company will post earnings of $0.15 per share. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Ferrellgas Partners.
Ferrellgas Partners (NYSE:FGP) last posted its quarterly earnings data on Thursday, December 7th. The oil and gas company reported ($0.49) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.27) by ($0.22). The company had revenue of $454.70 million for the quarter, compared to analysts’ expectations of $431.30 million. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.44) earnings per share.
FGP has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Ferrellgas Partners from a “buy” rating to a “hold” rating in a research report on Monday, December 4th. ValuEngine cut shares of Ferrellgas Partners from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Citigroup cut shares of Ferrellgas Partners from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 9th. Royal Bank of Canada reaffirmed a “hold” rating and set a $5.00 price objective on shares of Ferrellgas Partners in a research report on Tuesday, January 16th. Finally, Raymond James Financial reissued a “sell” rating on shares of Ferrellgas Partners in a research report on Thursday, December 7th. Five equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Ferrellgas Partners presently has a consensus rating of “Sell” and an average price target of $5.19.
Hedge funds have recently modified their holdings of the business. PEAK6 Investments L.P. boosted its position in Ferrellgas Partners by 283.5% in the 3rd quarter. PEAK6 Investments L.P. now owns 20,639 shares of the oil and gas company’s stock valued at $106,000 after buying an additional 15,257 shares during the period. Virtu Financial LLC purchased a new position in Ferrellgas Partners in the 4th quarter valued at approximately $113,000. Deutsche Bank AG boosted its position in Ferrellgas Partners by 82.5% in the 4th quarter. Deutsche Bank AG now owns 105,801 shares of the oil and gas company’s stock valued at $452,000 after buying an additional 47,826 shares during the period. Royal Bank of Canada boosted its position in Ferrellgas Partners by 7.8% in the 2nd quarter. Royal Bank of Canada now owns 131,811 shares of the oil and gas company’s stock valued at $604,000 after buying an additional 9,545 shares during the period. Finally, SeaCrest Wealth Management LLC purchased a new position in Ferrellgas Partners in the 4th quarter valued at approximately $763,000. 6.01% of the stock is owned by institutional investors.
Ferrellgas Partners (NYSE FGP) opened at $3.96 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.41 and a debt-to-equity ratio of -2.28. The firm has a market cap of $384.72, a P/E ratio of -6.60 and a beta of 0.42. Ferrellgas Partners has a 1 year low of $3.80 and a 1 year high of $6.67.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 9th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.40 annualized dividend and a yield of 10.10%. Ferrellgas Partners’s dividend payout ratio is presently -66.67%.
Ferrellgas Partners Company Profile
Ferrellgas Partners, L.P. is engaged in the retail distribution of propane and related equipment sales, and midstream operations, which include crude oil logistics. The Company’s segments include propane and related equipment sales, midstream operations-crude oil logistics, and corporate and other. The propane and related equipment sales segment consists of the distribution of propane and related equipment and supplies.
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