IMHO to add shares of a good company on bad days can be positive. FGP has always paid it's partners even when the stock has dipped to all time lows on three occasions since I started accumulating shares in Farrell Gas Partners. We did see FGP dip a bit fast to these levels but not to all time lows in a straight line. I added a few shares waiting to see if we go any lower before adding any more to my position. I hope I get the chance to add lower but if I don't I will be satisfied with my add at these levels.
This year has been reported to be the warmest winter ever and FGP lost very little in share value considering that alone and beat on the top line...
Ferrellgas Partners Beats on the Top Line
By Seth Jayson | More Articles
March 13, 2012 | Comments (0)
Ferrellgas Partners (NYSE: FGP ) reported earnings on March 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Jan. 31 (Q2), Ferrellgas Partners met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly and GAAP earnings per share increased significantly.
Gross margins contracted, operating margins contracted, and net margins grew.
Ferrellgas Partners tallied revenue of $829.3 million. The four analysts polled by S&P Capital IQ predicted revenue of $833.5 million on the same basis. GAAP reported sales were 1.4% lower than the prior-year quarter's $841.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.47. The six earnings estimates compiled by S&P Capital IQ averaged $0.82 per share. GAAP EPS of $0.47 for Q2 were 52% higher than the prior-year quarter's $0.31 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 24.6%, 430 basis points worse than the prior-year quarter. Operating margin was 7.5%, 280 basis points worse than the prior-year quarter. Net margin was 4.3%, 170 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $677.4 million. On the bottom line, the average EPS estimate is $0.20.
Next year's average estimate for revenue is $2.53 billion. The average EPS estimate is -$0.15.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 118 members out of 160 rating the stock outperform, and 42 members rating it underperform. Among 40 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 29 give Ferrellgas Partners a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ferrellgas Partners is underperform, with an average price target of $17.25.
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Add Ferrellgas Partners to My Watchlist.
The reason for a strong buy at these levels is these levels have proven positive over time to benefit long term while capturing decent tax advantaged payouts along the way
webcounting them FGP cash distributions of $0.50 per partnership common unit for awhile, 17 consecutive dividends at .50. The last distribution covers the period from November 1, 2011 to January 31, 2012. Us bag holders should receive another $.50 distribution next June which covers from February 1, 2012 through approximately April 30, 2012.
This gets FGP through the warmest winter in a very long time. Still no one has heard of a dividend cut. I'm holding the bag thinking we are going to get the full $2.00 this year. The under weight call from JP Morgan yesterday may give me another opportunity to add and I don't think it will cause the dividend to be cut.
Ferrellgas Partners, L.P., through its operating partnership, Ferrellgas, L.P., currently serves approximately one million customers in all 50 states, the District of Columbia and Puerto Rico. Ferrellgas employees indirectly own more than 21 million common units of the partnership through an employee stock ownership plan.
I'm a bag holders looking forward to what is going to take place over the next few years as FGP becomes a growth opportunity, not just a partnership making tax free distributions while long term holders do have tax obligation.
This is a good partnership for me to invest long term
"This year has been reported to be the warmest winter ever and FGP lost very little in share value considering that alone and beat on the top line..."
Bags often read their stock charts upside down and from left to right. In reality the stok price 1 year ago was $26, and in Dec it was $23. So at $15.25 it's down 42% in the past year and 34% in 3.5 months.
Bags also don't read what they post and enjoy throwaway lines like "beat on the top line" to make themselves feel better.
The biggest joke of it is this joke of an article even gets it wrong:
First the title:
"Ferrellgas Partners Beats on the Top Line"
"Ferrellgas Partners met expectations on revenues and missed estimates on earnings per share."
okay, so it was a beat, now it's a meet, and then:
"Ferrellgas Partners tallied revenue of $829.3 million. The four analysts polled by S&P Capital IQ predicted revenue of $833.5 million on the same basis."
okay, so they actually disappointed on the top line - $829 vs. expectations of $833.
LOL - so the same article has it as a beat, a meet, and miss. Something for every bag I suppose.
Great opportunity to buy FGP right now 14.35. Thanks one more time + 10% dividend and thanks for payout this week. FGP has never quit paying since I started investing. It is possible FGP may considers lowering it's payout as any company can adjust according to what they have reserved and are producing. FGP has and should be more attractive than most other investments at these levels for income and dividend re-investment potential. This is what attracts me to Ferrellgas Partners L.P. Unit LTD.
I see this as the third buying opportunity in many years.
Yes call me a bag holder, if it makes you feel better, with a bag full of payouts from FGP
After the Brazilian government announced they are ordering CVX employees not to leave the country it's time for diversifying. I'm accumulating FGP, COP for the split, CQP and SDT in this energy arena from some of CVX proceeds
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