Zacks Research Has Weak Estimate for TSE:PPL FY2024 Earnings

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Equities researchers at Zacks Research dropped their FY2024 earnings estimates for Pembina Pipeline in a note issued to investors on Monday, November 25th. Zacks Research analyst T. Saha now anticipates that the company will post earnings of $2.54 per share for the year, down from their previous forecast of $3.11. 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 $0.46 EPS, Q1 2025 earnings at $0.40 EPS, Q2 2025 earnings at $0.39 EPS, Q3 2025 earnings at $0.42 EPS, Q4 2025 earnings at $0.50 EPS, FY2025 earnings at $1.72 EPS, Q2 2026 earnings at $0.28 EPS, Q3 2026 earnings at $0.30 EPS and FY2026 earnings at $1.82 EPS.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released 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 analysts’ expectations of C$2.03 billion. Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%.

Several other brokerages also recently commented on PPL. Wells Fargo & Company raised their target price on Pembina Pipeline from C$61.00 to C$63.00 in a research note on Wednesday, November 13th. Citigroup boosted their price objective on shares of Pembina Pipeline from C$53.00 to C$56.00 in a research note on Wednesday, August 28th. Royal Bank of Canada increased their target price on shares of Pembina Pipeline from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Raymond James set a C$63.00 price target on shares of Pembina Pipeline and gave the company an “outperform” rating in a research report on Friday, October 11th. Finally, National Bankshares increased their price objective on Pembina Pipeline from C$53.00 to C$57.00 and gave the stock a “sector perform” rating in a research report on Friday, August 23rd. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Pembina Pipeline has a consensus rating of “Moderate Buy” and an average target price of C$58.86.

Pembina Pipeline Price Performance

Pembina Pipeline stock opened at C$57.71 on Thursday. The company has a debt-to-equity ratio of 77.50, a current ratio of 0.69 and a quick ratio of 0.50. Pembina Pipeline has a one year low of C$43.64 and a one year high of C$60.72. The firm has a market capitalization of C$33.48 billion, a P/E ratio of 17.70, a PEG ratio of 1.58 and a beta of 1.48. The business has a fifty day moving average price of C$57.83 and a 200-day moving average price of C$54.03.

Pembina Pipeline Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date of this dividend is Monday, December 16th. Pembina Pipeline’s payout ratio is currently 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.