Brokerages expect that EQM Midstream Partners LP (NYSE:EQM) will report $1.05 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for EQM Midstream Partners’ earnings. The lowest EPS estimate is $0.88 and the highest is $1.24. EQM Midstream Partners reported earnings per share of $1.14 in the same quarter last year, which would suggest a negative year-over-year growth rate of 7.9%. The firm is expected to announce its next earnings report before the market opens on Tuesday, November 5th.
On average, analysts expect that EQM Midstream Partners will report full-year earnings of $4.39 per share for the current fiscal year. For the next year, analysts forecast that the firm will report earnings of $4.27 per share, with EPS estimates ranging from $3.47 to $4.83. Zacks’ earnings per share averages are an average based on a survey of analysts that cover EQM Midstream Partners.
EQM Midstream Partners (NYSE:EQM) last released its earnings results on Tuesday, July 30th. The pipeline company reported $0.93 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.04). The firm had revenue of $406.17 million for the quarter, compared to the consensus estimate of $401.94 million. EQM Midstream Partners had a return on equity of 16.66% and a net margin of 32.78%.
A number of institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its holdings in shares of EQM Midstream Partners by 15.0% during the third quarter. Envestnet Asset Management Inc. now owns 18,294 shares of the pipeline company’s stock worth $598,000 after purchasing an additional 2,387 shares during the period. Nwam LLC boosted its position in EQM Midstream Partners by 20.5% in the third quarter. Nwam LLC now owns 17,952 shares of the pipeline company’s stock valued at $587,000 after buying an additional 3,059 shares in the last quarter. Cerebellum GP LLC boosted its position in EQM Midstream Partners by 322.8% in the third quarter. Cerebellum GP LLC now owns 14,011 shares of the pipeline company’s stock valued at $458,000 after buying an additional 10,697 shares in the last quarter. Campbell Capital Management Inc. boosted its position in EQM Midstream Partners by 2.0% in the third quarter. Campbell Capital Management Inc. now owns 31,589 shares of the pipeline company’s stock valued at $1,033,000 after buying an additional 619 shares in the last quarter. Finally, Barings LLC boosted its position in EQM Midstream Partners by 191.0% in the second quarter. Barings LLC now owns 144,057 shares of the pipeline company’s stock valued at $6,436,000 after buying an additional 94,557 shares in the last quarter. 37.98% of the stock is currently owned by hedge funds and other institutional investors.
EQM stock opened at $32.62 on Tuesday. The stock has a 50-day moving average price of $31.85 and a two-hundred day moving average price of $39.00. EQM Midstream Partners has a 1 year low of $28.44 and a 1 year high of $51.15. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.92. The stock has a market cap of $6.80 billion, a PE ratio of 6.43 and a beta of 0.97.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Friday, November 1st will be paid a $1.16 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $4.64 annualized dividend and a yield of 14.22%. EQM Midstream Partners’s dividend payout ratio (DPR) is currently 91.52%.
EQM Midstream Partners Company Profile
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.
Recommended Story: P/E Growth (PEG)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for EQM Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQM Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.