Latest Stocks: Zacks: Brokerages Expect EQT Midstream Partners LP (EQM) Will Announce Earnings of $1.31 Per Share

Latest Stocks: Zacks: Brokerages Expect EQT Midstream Partners LP (EQM) Will Announce Earnings of $1.31 Per Share

Brokerages expect EQT Midstream Partners LP (NYSE:EQM) to post $1.31 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have made estimates for EQT Midstream Partners’ earnings, with the lowest EPS estimate coming in at $1.18 and the highest estimate coming in at $1.65. EQT Midstream Partners reported earnings of $1.27 per share during the same quarter last year, which indicates a positive year over year growth rate of 3.1%. The company is expected to issue its next quarterly earnings report on Thursday, July 27th.

According to Zacks, analysts expect that EQT Midstream Partners will report full-year earnings of $5.66 per share for the current year, with EPS estimates ranging from $4.94 to $7.36. For the next year, analysts expect that the company will report earnings of $5.98 per share, with EPS estimates ranging from $4.91 to $8.52. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for EQT Midstream Partners.

EQT Midstream Partners (NYSE:EQM) last posted its quarterly earnings data on Thursday, April 27th. The pipeline company reported $1.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.38 by $0.02. EQT Midstream Partners had a return on equity of 26.15% and a net margin of 67.66%. The firm earned $203.40 million during the quarter, compared to analysts’ expectations of $204.73 million. During the same period last year, the company earned $1.39 earnings per share. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. EQM has been the topic of several recent analyst reports. Janney Montgomery Scott initiated coverage on shares of EQT Midstream Partners in a report on Thursday, January 26th. They issued a “buy” rating and a $97.00 target price on the stock. Scotiabank reiterated a “hold” rating and issued a $92.00 target price on shares of EQT Midstream Partners in a report on Monday, February 6th. Morgan Stanley upgraded shares of EQT Midstream Partners from an “equal weight” rating to a “buy” rating and boosted their target price for the company from $87.00 to $89.00 in a report on Tuesday, February 14th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $98.00 target price on shares of EQT Midstream Partners in a report on Friday, March 17th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. EQT Midstream Partners presently has an average rating of “Buy” and an average price target of $90.33.

EQT Midstream Partners (NYSE:EQM) last posted its quarterly earnings data on Thursday, April 27th. The pipeline company reported $1.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.38 by $0.02. EQT Midstream Partners had a return on equity of 26.15% and a net margin of 67.66%. The firm earned $203.40 million during the quarter, compared to analysts’ expectations of $204.73 million. During the same period last year, the company earned $1.39 earnings per share. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. EQT Midstream Partners (NYSE:EQM) traded up 1.41% during mid-day trading on Tuesday, reaching $74.30. 181,122 shares of the company were exchanged. EQT Midstream Partners has a 1-year low of $69.20 and a 1-year high of $82.99. The company has a 50 day moving average of $77.15 and a 200-day moving average of $76.30.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Friday, May 5th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.79%. This is an increase from EQT Midstream Partners’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Wednesday, May 3rd. EQT Midstream Partners’s payout ratio is 65.38%. In other news, COO M Elise Hyland sold 1,001 shares of the business’s stock in a transaction that occurred on Friday, March 31st. The shares were sold at an average price of $76.45, for a total value of $76,526.45. Following the sale, the chief operating officer now directly owns 7,900 shares of the company’s stock, valued at approximately $603,955. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Several large investors have recently added to or reduced their stakes in EQM. LVW Advisors LLC increased its stake in EQT Midstream Partners by 0.7% in the fourth quarter. LVW Advisors LLC now owns 3,697 shares of the pipeline company’s stock worth $283,000 after buying an additional 25 shares during the period. Cypress Wealth Advisors LLC increased its stake in EQT Midstream Partners by 0.9% in the fourth quarter. Cypress Wealth Advisors LLC now owns 5,550 shares of the pipeline company’s stock worth $426,000 after buying an additional 50 shares during the period. BlackRock Inc. increased its stake in EQT Midstream Partners by 2.3% in the third quarter. BlackRock Inc. now owns 8,257 shares of the pipeline company’s stock worth $629,000 after buying an additional 183 shares during the period. Pointe Capital Management LLC increased its stake in EQT Midstream Partners by 1.5% in the third quarter. Pointe Capital Management LLC now owns 17,734 shares of the pipeline company’s stock worth $1,351,000 after buying an additional 254 shares during the period. Finally, Cim LLC increased its stake in EQT Midstream Partners by 4.6% in the first quarter. Cim LLC now owns 6,315 shares of the pipeline company’s stock worth $486,000 after buying an additional 280 shares during the period. 72.60% of the stock is currently owned by institutional investors and hedge funds. EQT Midstream Partners Company Profile

EQT Midstream Partners, LP (EQM) owns, operates, acquires and develops midstream assets in the Appalachian Basin. The Company’s segments include Gathering and Transmission. The Gathering segment primarily includes high pressure gathering lines and the Federal Energy Regulatory Commission (FERC)-regulated low pressure gathering system.

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