$1.21 EPS Expected for Erie Indemnity Company (ERIE), Phillips 66 Partners LP (PSXP)’s Sentiment Is 1.09

July 17, 2017 - By Louis Casey

Analysts expect Erie Indemnity Company (NASDAQ:ERIE) to report $1.21 EPS on July, 27 after the close.They anticipate $0.04 EPS change or 3.42% from last quarter’s $1.17 EPS. ERIE’s profit would be $62.76 million giving it 24.82 P/E if the $1.21 EPS is correct. After having $0.91 EPS previously, Erie Indemnity Company’s analysts see 32.97% EPS growth. It closed at $120.12 lastly. It is down 20.44% since July 17, 2016 and is uptrending. It has outperformed by 3.74% the S&P500.

Phillips 66 Partners LP owns, operates, develops and acquires fee crude oil, refined petroleum product and natural gas liquids (NGL) pipelines, terminals and other transportation and midstream assets. The company has market cap of $5.78 billion.

Analysts await Phillips 66 Partners LP (NYSE:PSXP) to report earnings on August, 1 before the open. They expect $0.71 EPS, up 39.22% or $0.20 from last year’s $0.51 per share. PSXP’s profit will be $80.12M for 18.04 P/E if the $0.71 EPS becomes a reality. After $0.60 actual EPS reported by Phillips 66 Partners LP for the previous quarter, Wall Street now forecasts 18.33% EPS growth.

It closed at $51.22 lastly. It is down 0.26% since July 17, 2016 and is downtrending. It has underperformed by 16.96% the S&P500.

Ratings analysis reveals 60% of Phillips 66 Partners’s analysts are positive. Out of 5 Wall Street analysts rating Phillips 66 Partners, 3 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $55.0 while the high is $59.0. The stock’s average target of $57 is 11.28% above today’s ($51.22) share price. PSXP was included in 5 notes of analysts from August 18, 2016. The firm has “Hold” rating given on Tuesday, August 23 by Jefferies. The company was initiated on Thursday, August 25 by Goldman Sachs. The stock of Phillips 66 Partners LP (NYSE:PSXP) earned “Buy” rating by Stifel Nicolaus on Thursday, August 18. The company was upgraded on Wednesday, January 25 by Citigroup. Mizuho initiated the stock with “Buy” rating in Friday, September 30 report.

Samson Capital Management Llc holds 4.87% of its portfolio in Phillips 66 Partners LP for 116,379 shares. Center Coast Capital Advisors Lp owns 3.11 million shares or 3.84% of their US portfolio. Moreover, Chickasaw Capital Management Llc has 2.93% invested in the company for 2.92 million shares. The Kansas-based Tortoise Capital Advisors L.L.C. has invested 2.53% in the stock. Nbw Capital Llc, a Massachusetts-based fund reported 156,146 shares.

Investors sentiment increased to 0.95 in Q4 2016. Its up 0.20, from 0.75 in 2016Q3. It is positive, as 8 investors sold Erie Indemnity Company shares while 52 reduced holdings. 19 funds opened positions while 38 raised stakes. 14.15 million shares or 1.61% more from 13.93 million shares in 2016Q3 were reported. Brown Brothers Harriman And invested in 300 shares or 0% of the stock. Blackrock Fund, California-based fund reported 253,929 shares. Moreover, Tiaa Cref Investment Mgmt Limited has 0.01% invested in Erie Indemnity Company (NASDAQ:ERIE) for 69,228 shares. Amalgamated Commercial Bank has invested 0.02% in Erie Indemnity Company (NASDAQ:ERIE). Manufacturers Life Ins Com The has invested 0% of its portfolio in Erie Indemnity Company (NASDAQ:ERIE). Principal Fin Grp has 0% invested in Erie Indemnity Company (NASDAQ:ERIE). Federated Investors Pa has 0% invested in Erie Indemnity Company (NASDAQ:ERIE) for 4,141 shares. 6,200 are owned by Culbertson A N & Inc. 4,434 are owned by Utah Retirement Systems. Creative Planning stated it has 0% of its portfolio in Erie Indemnity Company (NASDAQ:ERIE). Tower Rech Cap Ltd Limited Liability Company (Trc) owns 0% invested in Erie Indemnity Company (NASDAQ:ERIE) for 52 shares. Acadian Asset, Massachusetts-based fund reported 204 shares. Northern Trust Corp has 136,156 shares for 0% of their portfolio. Invesco Limited accumulated 6,038 shares or 0% of the stock. Moreover, Proshare Ltd Liability Corp has 0% invested in Erie Indemnity Company (NASDAQ:ERIE) for 2,472 shares.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.



Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: