FY2024 EPS Estimates for TSE:PPL Increased by Zacks Research

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Equities research analysts at Zacks Research upped their FY2024 earnings per share estimates for shares of Pembina Pipeline in a research report issued to clients and investors on Tuesday, December 10th. Zacks Research analyst T. Saha now anticipates that the company will post earnings of $2.88 per share for the year, up from their previous forecast of $2.52. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.44 per share. Zacks Research also issued estimates for Pembina Pipeline’s Q4 2024 earnings at $0.80 EPS, Q1 2025 earnings at $0.72 EPS, Q2 2025 earnings at $0.66 EPS, Q3 2025 earnings at $0.71 EPS, Q4 2025 earnings at $0.88 EPS, FY2025 earnings at $2.97 EPS, Q1 2026 earnings at $2.03 EPS, Q2 2026 earnings at $0.45 EPS, Q3 2026 earnings at $0.50 EPS and FY2026 earnings at $3.15 EPS.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its quarterly earnings data on Tuesday, November 5th. The company reported C$0.60 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.79 by C($0.19). The business had revenue of C$1.84 billion during the quarter, compared to analyst estimates of C$2.03 billion. Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%.

A number of other research firms have also issued reports on PPL. UBS Group upgraded Pembina Pipeline to a “hold” rating in a report on Wednesday, September 11th. National Bankshares lifted their price objective on Pembina Pipeline from C$53.00 to C$57.00 and gave the company a “sector perform” rating in a research note on Friday, August 23rd. Citigroup raised their target price on shares of Pembina Pipeline from C$53.00 to C$56.00 in a report on Wednesday, August 28th. JPMorgan Chase & Co. boosted their price target on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the stock a “hold” rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada raised their price objective on shares of Pembina Pipeline from C$60.00 to C$65.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$59.07.

Pembina Pipeline Stock Performance

Shares of PPL stock opened at C$54.61 on Friday. The firm has a 50 day moving average of C$57.90 and a two-hundred day moving average of C$54.47. The stock has a market capitalization of C$31.69 billion, a PE ratio of 16.75, a P/E/G ratio of 1.58 and a beta of 1.48. The company has a quick ratio of 0.50, a current ratio of 0.69 and a debt-to-equity ratio of 77.50. Pembina Pipeline has a 52 week low of C$43.64 and a 52 week high of C$60.72.

Pembina Pipeline Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 5.05%. The ex-dividend date is Monday, December 16th. Pembina Pipeline’s dividend payout ratio (DPR) is 84.66%.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.