Brokerages Anticipate Dominion Midstream Partners, LP (DM) to Post $0.30 Earnings Per Share

Wall Street brokerages expect that Dominion Midstream Partners, LP (NYSE:DM) will report earnings of $0.30 per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Dominion Midstream Partners,’s earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.16. Dominion Midstream Partners, reported earnings of $0.38 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 21.1%. The company is expected to report its next quarterly earnings results on Wednesday, February 7th.

According to Zacks, analysts expect that Dominion Midstream Partners, will report full-year earnings of $1.32 per share for the current year, with EPS estimates ranging from $1.18 to $1.45. For the next financial year, analysts anticipate that the company will post earnings of $1.30 per share, with EPS estimates ranging from $0.54 to $1.74. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Dominion Midstream Partners,.

Dominion Midstream Partners, (NYSE:DM) last released its quarterly earnings data on Monday, October 30th. The pipeline company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.04. Dominion Midstream Partners, had a net margin of 22.61% and a return on equity of 2.14%. The company had revenue of $113.00 million during the quarter, compared to analyst estimates of $104.86 million. During the same period in the prior year, the firm earned $0.30 earnings per share. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year.

Several research firms have recently commented on DM. Mizuho downgraded shares of Dominion Midstream Partners, from a “buy” rating to a “neutral” rating and set a $34.00 target price on the stock. in a report on Tuesday, October 31st. Royal Bank Of Canada downgraded shares of Dominion Midstream Partners, from an “outperform” rating to a “sector perform” rating and set a $35.00 target price on the stock. in a report on Monday, October 30th. They noted that the move was a valuation call. Scotiabank reissued a “buy” rating and issued a $35.00 target price on shares of Dominion Midstream Partners, in a report on Wednesday, October 25th. Zacks Investment Research upgraded shares of Dominion Midstream Partners, from a “hold” rating to a “strong-buy” rating and set a $37.00 price target on the stock in a research report on Tuesday, October 24th. Finally, TheStreet upgraded shares of Dominion Midstream Partners, from a “c” rating to a “b” rating in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $34.89.

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Dominion Midstream Partners, (NYSE:DM) traded up $0.70 during trading hours on Monday, reaching $31.35. 73,249 shares of the company were exchanged, compared to its average volume of 224,555. Dominion Midstream Partners, has a 52 week low of $23.65 and a 52 week high of $34.85. The company has a current ratio of 0.47, a quick ratio of 0.41 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $2,129.03, a price-to-earnings ratio of 22.70, a PEG ratio of 1.33 and a beta of 1.69.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Monday, November 6th will be given a dividend of $0.3025 per share. This is a boost from Dominion Midstream Partners,’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $1.21 dividend on an annualized basis and a yield of 3.86%. Dominion Midstream Partners,’s payout ratio is 87.05%.

Institutional investors and hedge funds have recently modified their holdings of the company. Signature Financial Management Inc. purchased a new stake in shares of Dominion Midstream Partners, during the second quarter valued at $202,000. Keybank National Association OH boosted its stake in shares of Dominion Midstream Partners, by 5.3% during the second quarter. Keybank National Association OH now owns 8,000 shares of the pipeline company’s stock valued at $231,000 after purchasing an additional 400 shares during the period. Botty Investors LLC boosted its stake in shares of Dominion Midstream Partners, by 772.9% during the second quarter. Botty Investors LLC now owns 8,616 shares of the pipeline company’s stock valued at $249,000 after purchasing an additional 7,629 shares during the period. Proficio Capital Partners LLC boosted its stake in shares of Dominion Midstream Partners, by 12.3% during the second quarter. Proficio Capital Partners LLC now owns 9,702 shares of the pipeline company’s stock valued at $264,000 after purchasing an additional 1,064 shares during the period. Finally, Blair William & Co. IL boosted its stake in shares of Dominion Midstream Partners, by 11.0% during the second quarter. Blair William & Co. IL now owns 11,085 shares of the pipeline company’s stock valued at $320,000 after purchasing an additional 1,100 shares during the period. 54.42% of the stock is owned by hedge funds and other institutional investors.

Dominion Midstream Partners, Company Profile

Dominion Energy Midstream Partners, LP, formerly Dominion Midstream Partners, LP, is a limited partnership. The Company is formed to grow a portfolio of natural gas terminaling, processing, storage, transportation and related assets. The Company’s segments include Dominion Energy, which consists of gas transportation, liquefied natural gas (LNG) import and storage, and Corporate and Other.

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Earnings History and Estimates for Dominion Midstream Partners, (NYSE:DM)

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