What is Scotiabank’s Forecast for TSE:PPL FY2024 Earnings?

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Stock analysts at Scotiabank reduced their FY2024 earnings estimates for Pembina Pipeline in a research note issued on Wednesday, January 8th. Scotiabank analyst R. Hope now expects that the company will post earnings per share of $3.03 for the year, down from their previous estimate of $3.29. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.44 per share. Scotiabank also issued estimates for Pembina Pipeline’s FY2025 earnings at $3.10 EPS.

PPL has been the subject of several other research reports. Raymond James dropped their price objective on Pembina Pipeline from C$62.00 to C$61.00 in a report on Friday, December 13th. Royal Bank of Canada lifted their price target 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. JPMorgan Chase & Co. upped their price objective 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. BMO Capital Markets cut their target price on shares of Pembina Pipeline from C$61.00 to C$59.00 in a research note on Friday, December 13th. Finally, Wells Fargo & Company downgraded shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from C$63.00 to C$57.00 in a research note on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$58.67.

Pembina Pipeline Stock Up 0.8 %

TSE PPL opened at C$52.73 on Monday. Pembina Pipeline has a 1 year low of C$44.56 and a 1 year high of C$60.72. The stock has a market capitalization of C$30.59 billion, a PE ratio of 16.17, a PEG ratio of 1.58 and a beta of 1.48. The company has a debt-to-equity ratio of 77.50, a current ratio of 0.69 and a quick ratio of 0.50. The business’s 50-day moving average is C$55.34 and its 200 day moving average is C$54.85.

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

Pembina Pipeline Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date was Monday, December 16th. Pembina Pipeline’s payout ratio 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.