Brokerages forecast that DCP Midstream LP (NYSE:DCP) will post earnings per share (EPS) of $0.35 for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for DCP Midstream’s earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.48. DCP Midstream posted earnings of $0.08 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 337.5%. The firm is expected to report its next earnings results on Monday, May 6th.
On average, analysts expect that DCP Midstream will report full year earnings of $1.59 per share for the current fiscal year, with EPS estimates ranging from $1.29 to $1.92. For the next fiscal year, analysts anticipate that the business will report earnings of $2.27 per share, with EPS estimates ranging from $1.81 to $2.66. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for DCP Midstream.
DCP Midstream (NYSE:DCP) last issued its earnings results on Monday, February 11th. The pipeline company reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.70. DCP Midstream had a return on equity of 6.43% and a net margin of 3.03%. The firm had revenue of $2.61 billion for the quarter.
DCP Midstream stock traded up $0.57 during midday trading on Thursday, reaching $33.06. The stock had a trading volume of 561,500 shares, compared to its average volume of 697,936. DCP Midstream has a twelve month low of $24.18 and a twelve month high of $46.67. The stock has a market capitalization of $4.73 billion, a P/E ratio of 21.47 and a beta of 2.45. The company has a current ratio of 0.65, a quick ratio of 0.62 and a debt-to-equity ratio of 0.69.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 14th. Investors of record on Monday, February 4th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 9.44%. The ex-dividend date of this dividend was Friday, February 1st. DCP Midstream’s dividend payout ratio is currently 202.60%.
In related news, Director Fred J. Fowler bought 2,500 shares of the stock in a transaction dated Friday, December 28th. The stock was bought at an average cost of $26.10 per share, with a total value of $65,250.00. Following the completion of the acquisition, the director now owns 26,800 shares of the company’s stock, valued at $699,480. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.04% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. Creative Planning grew its holdings in shares of DCP Midstream by 4.3% during the fourth quarter. Creative Planning now owns 8,745 shares of the pipeline company’s stock valued at $232,000 after purchasing an additional 360 shares during the last quarter. Northern Trust Corp grew its holdings in shares of DCP Midstream by 0.5% during the fourth quarter. Northern Trust Corp now owns 75,530 shares of the pipeline company’s stock valued at $2,001,000 after purchasing an additional 374 shares during the last quarter. Clifford Swan Investment Counsel LLC grew its holdings in shares of DCP Midstream by 5.1% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 21,383 shares of the pipeline company’s stock valued at $566,000 after purchasing an additional 1,040 shares during the last quarter. Bessemer Group Inc. bought a new position in shares of DCP Midstream during the fourth quarter valued at approximately $29,000. Finally, First Capital Advisors Group LLC. grew its holdings in shares of DCP Midstream by 5.3% during the fourth quarter. First Capital Advisors Group LLC. now owns 26,113 shares of the pipeline company’s stock valued at $692,000 after purchasing an additional 1,314 shares during the last quarter. 56.27% of the stock is owned by institutional investors.
DCP Midstream Company Profile
DCP Midstream, LP, together with its subsidiaries, owns, operates, acquires, and develops a portfolio of midstream energy assets in the United States. The company operates in two segments, Gathering and Processing, and Logistics and Marketing. The Gathering and Processing segment is involved in gathering, compressing, treating, and processing natural gas; producing and fractionating natural gas liquids (NGLs); and recovering condensate.
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