Wall Street brokerages predict that EQM Midstream Partners LP (NYSE:EQM) will post $1.07 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for EQM Midstream Partners’ earnings, with the highest EPS estimate coming in at $1.28 and the lowest estimate coming in at $0.88. EQM Midstream Partners posted earnings of $1.14 per share in the same quarter last year, which indicates a negative year over year growth rate of 6.1%. The firm is expected to announce its next earnings report on Thursday, October 24th.
On average, analysts expect that EQM Midstream Partners will report full year earnings of $4.57 per share for the current fiscal year, with EPS estimates ranging from $4.34 to $4.80. For the next year, analysts anticipate that the company will report earnings of $4.35 per share, with EPS estimates ranging from $3.52 to $5.49. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for EQM Midstream Partners.
EQM Midstream Partners (NYSE:EQM) last posted its quarterly earnings results on Tuesday, July 30th. The pipeline company reported $0.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.04). EQM Midstream Partners had a return on equity of 16.66% and a net margin of 32.78%. The company had revenue of $406.17 million for the quarter, compared to analyst estimates of $401.94 million.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. HM Payson & Co. bought a new position in EQM Midstream Partners in the 2nd quarter valued at about $35,000. Optimum Investment Advisors bought a new stake in shares of EQM Midstream Partners during the first quarter worth approximately $46,000. Lee Financial Co bought a new stake in shares of EQM Midstream Partners during the second quarter worth approximately $92,000. Cerebellum GP LLC bought a new stake in shares of EQM Midstream Partners during the second quarter worth approximately $148,000. Finally, Northern Oak Wealth Management Inc. grew its position in shares of EQM Midstream Partners by 15.2% in the second quarter. Northern Oak Wealth Management Inc. now owns 3,800 shares of the pipeline company’s stock valued at $170,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.
Shares of NYSE:EQM traded up $0.22 during midday trading on Friday, hitting $30.26. The stock had a trading volume of 457,330 shares, compared to its average volume of 658,536. EQM Midstream Partners has a 12 month low of $28.44 and a 12 month high of $57.10. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.92. The business’s 50-day simple moving average is $33.19 and its 200-day simple moving average is $41.35. The company has a market cap of $6.26 billion, a P/E ratio of 5.97 and a beta of 0.97.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Friday, August 2nd were paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 15.33%. The ex-dividend date was Thursday, August 1st. EQM Midstream Partners’s dividend payout ratio is presently 91.52%.
About EQM Midstream Partners
EQM Midstream Partners, LP owns, operates, acquires, and develops midstream assets in the Appalachian Basin. It operates through three segments: Gathering, Transmission, and Water. As of December 31, 2018, the company owned approximately 700 miles of high-pressure gathering lines and 1,500 miles of Federal Energy Regulatory Commission (FERC) regulated low-pressure gathering lines; approximately 950 miles of FERC regulated interstate pipelines; and approximately 160 miles of pipelines.
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