$0.82 EPS Expected for Spectra Energy Partners, LP (SEP); Meredith (MDP) Sentiment Is 1.37

April 24, 2018 - By Richard Conner

Meredith Corporation (NYSE:MDP) Logo

Analysts expect Spectra Energy Partners, LP (NYSE:SEP) to report $0.82 EPS on May, 9.They anticipate $0.07 EPS change or 7.87% from last quarter’s $0.89 EPS. SEP’s profit would be $402.90 million giving it 10.67 P/E if the $0.82 EPS is correct. After having $0.82 EPS previously, Spectra Energy Partners, LP’s analysts see 0.00% EPS growth. The stock decreased 0.95% or $0.33 during the last trading session, reaching $35.01. About 233,761 shares traded. Spectra Energy Partners, LP (NYSE:SEP) has declined 22.60% since April 24, 2017 and is downtrending. It has underperformed by 34.15% the S&P500.

Meredith Corp (MDP) investors sentiment increased to 1.37 in 2017 Q4. It’s up 0.27, from 1.1 in 2017Q3. The ratio is more positive, as 119 active investment managers increased and opened new holdings, while 87 reduced and sold their equity positions in Meredith Corp. The active investment managers in our database now have: 40.46 million shares, down from 41.98 million shares in 2017Q3. Also, the number of active investment managers holding Meredith Corp in top ten holdings increased from 0 to 2 for an increase of 2. Sold All: 23 Reduced: 64 Increased: 68 New Position: 51.

Analysts await Meredith Corporation (NYSE:MDP) to report earnings on April, 26. They expect $0.51 earnings per share, down 41.38% or $0.36 from last year’s $0.87 per share. MDP’s profit will be $23.01M for 25.27 P/E if the $0.51 EPS becomes a reality. After $1.14 actual earnings per share reported by Meredith Corporation for the previous quarter, Wall Street now forecasts -55.26% negative EPS growth.

Bar Harbor Trust Services holds 3.78% of its portfolio in Meredith Corporation for 108,493 shares. Tealwood Asset Management Inc owns 86,591 shares or 2.12% of their US portfolio. Moreover, Channing Capital Management Llc has 1.99% invested in the company for 891,394 shares. The Florida-based Gyroscope Capital Management Group Llc has invested 1.68% in the stock. Weaver C. Barksdale & Associates Inc., a Tennessee-based fund reported 22,483 shares.

Meredith Corporation operates as a diversified media firm in the United States. The company has market cap of $2.33 billion. It operates in two divisions, Local Media and National Media. It has a 8.5 P/E ratio. The Local Media segment operates television stations, such as 7 CBS affiliates, 5 FOX affiliates, 2 MyNetworkTV affiliates, 1 NBC affiliate, 1 ABC affiliate, and 2 independent stations.

The stock increased 0.59% or $0.3 during the last trading session, reaching $51.55. About 214,848 shares traded. Meredith Corporation (MDP) has declined 14.74% since April 24, 2017 and is downtrending. It has underperformed by 26.29% the S&P500.

Since January 1, 0001, it had 1 buy, and 2 selling transactions for $1.60 million activity.

Among 22 analysts covering Spectra Energy Partners LP (NYSE:SEP), 6 have Buy rating, 3 Sell and 13 Hold. Therefore 27% are positive. Spectra Energy Partners LP had 65 analyst reports since July 23, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, November 29 by Stifel Nicolaus. The firm earned “Outperform” rating on Monday, February 8 by Credit Suisse. The rating was initiated by DA Davidson with “Buy” on Thursday, July 23. As per Thursday, September 14, the company rating was maintained by Stifel Nicolaus. The firm has “Buy” rating given on Thursday, September 7 by Jefferies. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, January 16. The stock of Spectra Energy Partners, LP (NYSE:SEP) has “Outperform” rating given on Friday, January 15 by Wells Fargo. The stock of Spectra Energy Partners, LP (NYSE:SEP) has “Sector Perform” rating given on Monday, April 9 by RBC Capital Markets. The stock has “Neutral” rating by Citigroup on Wednesday, January 18. The firm has “Buy” rating by UBS given on Friday, March 2.

Spectra Energy Partners, LP operates as an investment arm of Spectra Energy Corp. The company has market cap of $17.20 billion. Spectra Energy Partners, LP, through its subsidiaries, engages in the transportation of natural gas through interstate pipeline systems, and the storage of natural gas in underground facilities in the United States. It has a 45.24 P/E ratio. As of December 31, 2007, it owned and operated 100% of the approximately 1,400-mile East Tennessee interstate natural gas transportation system that extends from central Tennessee eastward into southwest Virginia and northern North Carolina, and southward into northern Georgia; and a liquefied natural gas storage facility in Kingsport, Tennessee with working gas storage capacity of approximately 1.1 billion cubic feet and re-gasification capability of 150 million cubic feet per day.

Spectra Energy Partners, LP (NYSE:SEP) Institutional Positions Chart

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 FREE daily email newsletter.

By1 Richard Conner

Automatic Stock Updates

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