For its first fiscal quarter (ending March 31), Enterprise Products Partners LP (NYSE: EPD) has reported a 5% increase in E.P.S. from $0.63 a year ago to $0.66 in the current quarter. However, this performance was $-0.04 short of the consensus estimate of $0.70. For the latest four quarters through March 31, E.P.S. were $2.55 versus $2.54 for the same period a year ago — an increase of 0%.
Recent Price Action
Enterprise Products Partners LP (NYSE: EPD) stock declined modestly by -1.8% on 4/30/24. The stock closed at $28.08. Moreover, this decline was accompanied by unusually high trading volume at 191% of normal. The stock has performed in line with the market over the last nine months and has declined -3.2% during the last week.
Current PriceTarget Research Rating
EPD’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Enterprise Products Partners has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Enterprise Products Partners has a neutral Appreciation Score of 55 and a neutral Power Rating of 49, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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