Brokerages Anticipate Antero Midstream Corp (NYSE:AM) to Post $0.22 Earnings Per Share

Wall Street analysts expect Antero Midstream Corp (NYSE:AM) to report earnings of $0.22 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Antero Midstream’s earnings, with the highest EPS estimate coming in at $0.26 and the lowest estimate coming in at $0.19. Antero Midstream reported earnings of $0.09 per share in the same quarter last year, which indicates a positive year over year growth rate of 144.4%. The business is expected to report its next quarterly earnings results on Wednesday, October 30th.

On average, analysts expect that Antero Midstream will report full year earnings of $0.78 per share for the current fiscal year, with EPS estimates ranging from $0.68 to $0.95. For the next fiscal year, analysts forecast that the company will report earnings of $0.99 per share, with EPS estimates ranging from $0.82 to $1.21. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow Antero Midstream.

Antero Midstream (NYSE:AM) last issued its quarterly earnings results on Wednesday, July 31st. The pipeline company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.07). The firm had revenue of $255.62 million for the quarter, compared to analysts’ expectations of $283.69 million. Antero Midstream had a return on equity of 10.52% and a net margin of 29.31%. The company’s revenue was up 5.4% compared to the same quarter last year.



A number of equities research analysts have recently commented on the stock. Citigroup assumed coverage on shares of Antero Midstream in a report on Tuesday, May 28th. They set a “buy” rating and a $15.00 price target for the company. Stifel Nicolaus downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating and lowered their price target for the stock from $14.00 to $11.00 in a report on Thursday, August 1st. Mitsubishi UFJ Financial Group downgraded shares of Antero Midstream from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $17.00 to $13.00 in a report on Friday, August 2nd. ValuEngine downgraded shares of Antero Midstream from a “sell” rating to a “strong sell” rating in a report on Friday, July 19th. Finally, Zacks Investment Research upgraded shares of Antero Midstream from a “sell” rating to a “buy” rating and set a $13.00 target price for the company in a report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $21.00.

In other Antero Midstream news, insider K. Phil Yoo sold 20,000 shares of Antero Midstream stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $13.17, for a total transaction of $263,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Yorktown Viii Associates Llc sold 1,825,600 shares of Antero Midstream stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $12.61, for a total transaction of $23,020,816.00. The disclosure for this sale can be found here. 7.91% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the business. Lee Financial Co acquired a new position in shares of Antero Midstream during the second quarter worth $61,000. Cypress Wealth Advisors LLC lifted its position in shares of Antero Midstream by 80.9% during the first quarter. Cypress Wealth Advisors LLC now owns 90,511 shares of the pipeline company’s stock worth $1,247,000 after purchasing an additional 40,486 shares in the last quarter. JJJ Advisors Inc. lifted its position in shares of Antero Midstream by 4,661.9% during the first quarter. JJJ Advisors Inc. now owns 190,284 shares of the pipeline company’s stock worth $2,622,000 after purchasing an additional 186,288 shares in the last quarter. Northern Trust Corp lifted its position in shares of Antero Midstream by 0.3% during the fourth quarter. Northern Trust Corp now owns 161,922 shares of the pipeline company’s stock worth $3,463,000 after purchasing an additional 512 shares in the last quarter. Finally, Pinnacle Holdings LLC lifted its position in shares of Antero Midstream by 2.1% during the second quarter. Pinnacle Holdings LLC now owns 317,889 shares of the pipeline company’s stock worth $3,643,000 after purchasing an additional 6,528 shares in the last quarter. 59.19% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE AM traded up $0.18 during midday trading on Friday, reaching $7.52. 8,672,200 shares of the stock were exchanged, compared to its average volume of 6,954,787. The company has a market capitalization of $3.50 billion, a P/E ratio of 22.79, a P/E/G ratio of 1.53 and a beta of 1.19. Antero Midstream has a 52-week low of $6.55 and a 52-week high of $19.57. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.64. The stock has a 50 day moving average price of $10.00 and a 200-day moving average price of $14.68.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Friday, July 26th were issued a $0.308 dividend. This represents a $1.23 dividend on an annualized basis and a yield of 16.38%. This is an increase from Antero Midstream’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, July 25th. Antero Midstream’s payout ratio is presently 372.73%.

Antero Midstream Company Profile

Antero Midstream Corporation owns and operates midstream energy assets servicing rich gas production in North America. It owns and operates an integrated system of natural gas gathering pipelines, compression stations, processing and fractionation plants, and water handling and treatment assets in the Marcellus Shale and Utica Shale basins.

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Earnings History and Estimates for Antero Midstream (NYSE:AM)

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