EQT Corporation (EQT) Expected to Announce Earnings of $0.31 Per Share

Analysts predict that EQT Corporation (NYSE:EQT) will post $0.31 earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have made estimates for EQT Corporation’s earnings. The lowest EPS estimate is $0.13 and the highest is $0.51. EQT Corporation reported earnings per share of $0.25 during the same quarter last year, which suggests a positive year-over-year growth rate of 24%. The company is expected to issue its next quarterly earnings results on Thursday, February 1st.

According to Zacks, analysts expect that EQT Corporation will report full-year earnings of $0.88 per share for the current year, with EPS estimates ranging from $0.35 to $1.19. For the next financial year, analysts forecast that the business will post earnings of $1.66 per share, with EPS estimates ranging from ($0.55) to $4.67. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for EQT Corporation.

EQT Corporation (NYSE:EQT) last released its quarterly earnings data on Thursday, October 26th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.17. The firm had revenue of $660.30 million during the quarter, compared to analysts’ expectations of $667.05 million. EQT Corporation had a return on equity of 1.61% and a net margin of 1.39%. The business’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.26) earnings per share.

A number of research firms recently issued reports on EQT. TheStreet raised EQT Corporation from a “d+” rating to a “c-” rating in a research report on Monday, August 14th. BMO Capital Markets set a $70.00 price objective on EQT Corporation and gave the company a “buy” rating in a research report on Friday, July 28th. Stifel Nicolaus reissued a “buy” rating and set a $87.00 price objective on shares of EQT Corporation in a research report on Thursday, September 14th. KLR Group reissued a “buy” rating and set a $102.00 price objective (up previously from $101.00) on shares of EQT Corporation in a research report on Sunday, July 30th. Finally, Cowen and Company set a $80.00 price objective on EQT Corporation and gave the company a “buy” rating in a research report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. EQT Corporation currently has an average rating of “Buy” and a consensus target price of $78.09.

Shares of EQT Corporation (NYSE:EQT) opened at $59.03 on Monday. The stock has a market capitalization of $10,261.30, a price-to-earnings ratio of 67.85, a P/E/G ratio of 4.49 and a beta of 0.79. EQT Corporation has a 12-month low of $49.63 and a 12-month high of $75.74. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.29.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be paid a $0.03 dividend. The ex-dividend date is Thursday, November 9th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.20%. EQT Corporation’s payout ratio is presently 57.15%.

In other EQT Corporation news, Director Thomas F. Karam acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were acquired at an average cost of $59.26 per share, for a total transaction of $592,600.00. Following the completion of the purchase, the director now owns 20,000 shares of the company’s stock, valued at approximately $1,185,200. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director A. Bray Jr. Cary acquired 406 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was acquired at an average price of $65.24 per share, for a total transaction of $26,487.44. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of EQT. Aureus Asset Management LLC bought a new position in shares of EQT Corporation in the second quarter worth about $205,000. Pinebridge Investments L.P. bought a new position in EQT Corporation during the second quarter valued at about $212,000. Zeke Capital Advisors LLC bought a new position in EQT Corporation during the third quarter valued at about $212,000. OppenheimerFunds Inc. bought a new position in EQT Corporation during the first quarter valued at about $218,000. Finally, IFP Advisors Inc increased its stake in EQT Corporation by 6.4% during the second quarter. IFP Advisors Inc now owns 4,108 shares of the oil and gas producer’s stock valued at $241,000 after acquiring an additional 247 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this report on another domain, it was stolen and republished in violation of international copyright law. The original version of this report can be read at https://sportsperspectives.com/2017/11/20/eqt-corporation-eqt-expected-to-announce-earnings-of-0-31-per-share.html.

About EQT Corporation

EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.

Get a free copy of the Zacks research report on EQT Corporation (EQT)

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

Earnings History and Estimates for EQT Corporation (NYSE:EQT)

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

Latest News

Leave a Reply