Crestwood Equity Partners (NYSE:CEQP) will be releasing its earnings data before the market opens on Tuesday, July 30th. Analysts expect Crestwood Equity Partners to post earnings of $0.01 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Crestwood Equity Partners (NYSE:CEQP) last posted its earnings results on Tuesday, April 30th. The pipeline company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.21). The company had revenue of $835.20 million during the quarter, compared to analysts’ expectations of $879.87 million. Crestwood Equity Partners had a net margin of 0.47% and a return on equity of 2.79%. The company’s quarterly revenue was down 25.1% on a year-over-year basis. During the same period last year, the business earned $0.21 earnings per share. On average, analysts expect Crestwood Equity Partners to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NYSE CEQP opened at $35.54 on Monday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.92 and a quick ratio of 0.80. The firm has a fifty day moving average of $35.88. The stock has a market cap of $2.55 billion, a P/E ratio of 169.24, a price-to-earnings-growth ratio of 14.08 and a beta of 1.94. Crestwood Equity Partners has a 12 month low of $26.55 and a 12 month high of $40.55.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Wednesday, August 7th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.75%. The ex-dividend date of this dividend is Tuesday, August 6th. Crestwood Equity Partners’s dividend payout ratio (DPR) is 1,142.86%.
A number of research analysts recently commented on the stock. ValuEngine downgraded shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. TheStreet downgraded shares of Trinity Industries from a “b” rating to a “c” rating in a research report on Thursday, April 25th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $39.50.
About Crestwood Equity Partners
Crestwood Equity Partners LP provides infrastructure solutions to liquids-rich natural gas and crude oil shale plays in the United States. It operates through three segments: Gathering and Processing (G&P); Storage and Transportation (S&T); and Marketing, Supply and Logistics (MS&L). The G&P segment offers gathering and transportation services for natural gas, crude oil, and produced water; and processing, treating, and compression services.
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