EQT Midstream Partners, LP (EQM) Expected to Announce Earnings of $1.36 Per Share

Analysts predict that EQT Midstream Partners, LP (NYSE:EQM) will announce earnings per share (EPS) of $1.36 for the current quarter, according to Zacks. Three analysts have made estimates for EQT Midstream Partners,’s earnings. The lowest EPS estimate is $1.23 and the highest is $1.80. EQT Midstream Partners, posted earnings per share of $1.23 during the same quarter last year, which indicates a positive year-over-year growth rate of 10.6%. The company is scheduled to report its next quarterly earnings results on Thursday, October 26th.

According to Zacks, analysts expect that EQT Midstream Partners, will report full-year earnings of $5.59 per share for the current fiscal year, with EPS estimates ranging from $5.17 to $7.32. For the next fiscal year, analysts expect that the company will report earnings of $6.23 per share, with EPS estimates ranging from $4.82 to $8.40. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover EQT Midstream Partners,.

EQT Midstream Partners, (NYSE:EQM) last issued its quarterly earnings results on Thursday, July 27th. The pipeline company reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by $0.04. EQT Midstream Partners, had a return on equity of 25.61% and a net margin of 66.99%. The firm had revenue of $199 million for the quarter, compared to analysts’ expectations of $195 million. During the same quarter in the previous year, the firm posted $1.27 earnings per share. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year.

EQM has been the subject of several recent research reports. ValuEngine downgraded EQT Midstream Partners, from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Scotiabank set a $94.00 price target on EQT Midstream Partners, and gave the stock a “hold” rating in a research report on Saturday, July 22nd. TheStreet downgraded EQT Midstream Partners, from a “b” rating to a “c+” rating in a research report on Thursday, June 15th. Stifel Nicolaus reissued a “hold” rating on shares of EQT Midstream Partners, in a research report on Friday, June 23rd. Finally, BidaskClub raised EQT Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $89.50.

WARNING: “EQT Midstream Partners, LP (EQM) Expected to Announce Earnings of $1.36 Per Share” was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this piece on another site, it was copied illegally and republished in violation of US & international copyright & trademark law. The correct version of this piece can be accessed at https://sportsperspectives.com/2017/09/11/eqt-midstream-partners-lp-eqm-expected-to-announce-earnings-of-1-36-per-share.html.

Large investors have recently made changes to their positions in the company. IFP Advisors Inc grew its position in shares of EQT Midstream Partners, by 120.5% in the second quarter. IFP Advisors Inc now owns 1,808 shares of the pipeline company’s stock valued at $135,000 after purchasing an additional 988 shares during the period. V Wealth Management LLC purchased a new stake in shares of EQT Midstream Partners, in the second quarter valued at $178,000. The Manufacturers Life Insurance Company grew its position in shares of EQT Midstream Partners, by 49.6% in the second quarter. The Manufacturers Life Insurance Company now owns 3,613 shares of the pipeline company’s stock valued at $269,000 after purchasing an additional 1,198 shares during the period. Round Table Services LLC grew its position in shares of EQT Midstream Partners, by 23.6% in the second quarter. Round Table Services LLC now owns 3,925 shares of the pipeline company’s stock valued at $293,000 after purchasing an additional 750 shares during the period. Finally, Covenant Asset Management LLC grew its position in shares of EQT Midstream Partners, by 5.9% in the second quarter. Covenant Asset Management LLC now owns 3,970 shares of the pipeline company’s stock valued at $296,000 after purchasing an additional 220 shares during the period. 73.46% of the stock is owned by institutional investors and hedge funds.

Shares of EQT Midstream Partners, (NYSE EQM) traded up 0.96% during mid-day trading on Monday, hitting $74.97. The company had a trading volume of 136,130 shares. EQT Midstream Partners, has a 12 month low of $69.20 and a 12 month high of $82.99. The firm has a 50-day moving average price of $75.00 and a 200 day moving average price of $75.56. The firm has a market capitalization of $6.04 billion, a P/E ratio of 14.45 and a beta of 0.89.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Friday, August 4th were given a $0.935 dividend. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $3.74 dividend on an annualized basis and a dividend yield of 4.99%. This is an increase from EQT Midstream Partners,’s previous quarterly dividend of $0.89. EQT Midstream Partners,’s payout ratio is currently 72.34%.

EQT Midstream Partners, Company Profile

EQT Midstream Partners, LP (EQM) owns, operates, acquires and develops midstream assets in the Appalachian Basin. The Company’s segments include Gathering and Transmission. The Gathering segment primarily includes high pressure gathering lines and the Federal Energy Regulatory Commission (FERC)-regulated low pressure gathering system.

Get a free copy of the Zacks research report on EQT Midstream Partners, (EQM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for EQT Midstream Partners, (NYSE:EQM)

Receive News & Ratings for EQT Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT Midstream Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply