Brokerages forecast that DCP Midstream LP (NYSE:DCP) will report earnings per share of $0.43 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for DCP Midstream’s earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.52. DCP Midstream reported earnings of ($0.08) per share during the same quarter last year, which would suggest a positive year over year growth rate of 637.5%. The business is scheduled to report its next earnings results on Tuesday, November 6th.
According to Zacks, analysts expect that DCP Midstream will report full year earnings of $1.16 per share for the current year, with EPS estimates ranging from $1.10 to $1.28. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.24 per share, with EPS estimates ranging from $1.05 to $3.01. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for DCP Midstream.
DCP Midstream (NYSE:DCP) last announced its quarterly earnings results on Tuesday, August 7th. The pipeline company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.17). The firm had revenue of $2.32 billion for the quarter. DCP Midstream had a return on equity of 3.07% and a net margin of 1.84%.
DCP stock opened at $44.39 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.68 and a debt-to-equity ratio of 0.67. DCP Midstream has a 1 year low of $29.95 and a 1 year high of $46.67. The stock has a market capitalization of $6.48 billion, a PE ratio of 83.75 and a beta of 2.35.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 14th. Stockholders of record on Friday, August 3rd were paid a $0.78 dividend. The ex-dividend date of this dividend was Thursday, August 2nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 7.03%. DCP Midstream’s dividend payout ratio (DPR) is currently 588.68%.
Several hedge funds have recently bought and sold shares of DCP. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of DCP Midstream in the second quarter valued at about $52,925,000. Summit Trail Advisors LLC boosted its holdings in DCP Midstream by 5,069.2% in the first quarter. Summit Trail Advisors LLC now owns 1,002,729 shares of the pipeline company’s stock valued at $1,003,000 after purchasing an additional 983,331 shares during the last quarter. Alps Advisors Inc. boosted its holdings in DCP Midstream by 5.9% in the second quarter. Alps Advisors Inc. now owns 7,510,182 shares of the pipeline company’s stock valued at $272,845,000 after purchasing an additional 420,636 shares during the last quarter. Northwestern Mutual Investment Management Company LLC purchased a new position in DCP Midstream in the first quarter valued at about $9,727,000. Finally, Wells Fargo & Company MN boosted its holdings in DCP Midstream by 88.4% in the second quarter. Wells Fargo & Company MN now owns 525,364 shares of the pipeline company’s stock valued at $20,778,000 after purchasing an additional 246,539 shares during the last quarter. Institutional investors and hedge funds own 55.41% of the company’s stock.
About DCP Midstream
DCP Midstream LP engages in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas; producing, fractionating, transporting, storing and selling natural gas liquids (NGLs) and condensate; and transporting, storing and selling propane in wholesale markets.
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