Wall Street analysts expect EQT Midstream Partners, LP (NYSE:EQM) to announce earnings of $1.55 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for EQT Midstream Partners’ earnings, with the highest EPS estimate coming in at $2.05 and the lowest estimate coming in at $1.28. EQT Midstream Partners posted earnings per share of $1.31 in the same quarter last year, which would indicate a positive year-over-year growth rate of 18.3%. The company is scheduled to issue its next earnings report on Thursday, February 1st.

On average, analysts expect that EQT Midstream Partners will report full-year earnings of $5.63 per share for the current financial year, with EPS estimates ranging from $5.19 to $7.32. For the next fiscal year, analysts anticipate that the company will post earnings of $5.72 per share, with EPS estimates ranging from $4.42 to $8.53. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for EQT Midstream Partners.

EQT Midstream Partners (NYSE:EQM) last posted its quarterly earnings data on Thursday, October 26th. The pipeline company reported $1.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.02. EQT Midstream Partners had a return on equity of 25.85% and a net margin of 65.99%. The company had revenue of $207.20 million during the quarter, compared to analyst estimates of $205.29 million. During the same quarter last year, the company earned $1.23 EPS. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis.

A number of research analysts recently weighed in on the company. Morgan Stanley reduced their price objective on EQT Midstream Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, November 17th. BidaskClub lowered EQT Midstream Partners from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Seaport Global Securities assumed coverage on EQT Midstream Partners in a research report on Tuesday, October 10th. They set a “buy” rating and a $96.00 price objective for the company. Stifel Nicolaus set a $79.00 price objective on EQT Midstream Partners and gave the company a “hold” rating in a research report on Friday, August 25th. Finally, US Capital Advisors lowered EQT Midstream Partners from a “buy” rating to a “buy” rating in a research report on Friday, November 17th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $90.83.

EQT Midstream Partners (NYSE EQM) traded up $0.01 during mid-day trading on Friday, reaching $68.21. The company had a trading volume of 90,991 shares, compared to its average volume of 216,810. EQT Midstream Partners has a one year low of $66.87 and a one year high of $82.99. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.52. The company has a market cap of $5,590.00, a price-to-earnings ratio of 13.07, a PEG ratio of 1.01 and a beta of 0.94.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Friday, November 3rd were issued a $0.98 dividend. This is a positive change from EQT Midstream Partners’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.75%. EQT Midstream Partners’s dividend payout ratio (DPR) is presently 74.95%.

Several institutional investors have recently bought and sold shares of the business. Linscomb & Williams Inc. increased its holdings in shares of EQT Midstream Partners by 0.3% in the 2nd quarter. Linscomb & Williams Inc. now owns 4,134 shares of the pipeline company’s stock worth $309,000 after purchasing an additional 12 shares in the last quarter. Pointe Capital Management LLC increased its holdings in shares of EQT Midstream Partners by 0.5% in the 2nd quarter. Pointe Capital Management LLC now owns 21,095 shares of the pipeline company’s stock worth $1,574,000 after purchasing an additional 109 shares in the last quarter. Veritable L.P. increased its holdings in shares of EQT Midstream Partners by 5.0% in the 2nd quarter. Veritable L.P. now owns 5,680 shares of the pipeline company’s stock worth $424,000 after purchasing an additional 269 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of EQT Midstream Partners by 1.5% in the 2nd quarter. SG Americas Securities LLC now owns 37,873 shares of the pipeline company’s stock worth $2,826,000 after purchasing an additional 573 shares in the last quarter. Finally, Conning Inc. increased its holdings in shares of EQT Midstream Partners by 1.6% in the 2nd quarter. Conning Inc. now owns 48,770 shares of the pipeline company’s stock worth $3,640,000 after purchasing an additional 760 shares in the last quarter. 62.92% of the stock is owned by institutional investors and hedge funds.

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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.

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

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