Analysts forecast that EQT Midstream Partners LP (NYSE:EQM) will announce $232.49 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for EQT Midstream Partners’ earnings, with the lowest sales estimate coming in at $227.51 million and the highest estimate coming in at $237.95 million. EQT Midstream Partners reported sales of $195.01 million during the same quarter last year, which would suggest a positive year over year growth rate of 19.2%. The firm is expected to issue its next quarterly earnings results before the market opens on Thursday, February 15th.
According to Zacks, analysts expect that EQT Midstream Partners will report full year sales of $232.49 million for the current fiscal year, with estimates ranging from $836.00 million to $847.54 million. For the next fiscal year, analysts forecast that the firm will report sales of $1.04 billion per share, with estimates ranging from $914.00 million to $1.21 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover 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.
EQT Midstream Partners (NYSE EQM) opened at $76.34 on Friday. EQT Midstream Partners has a 52-week low of $64.42 and a 52-week high of $82.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $6,228.97, a P/E ratio of 14.62, a P/E/G ratio of 1.08 and a beta of 0.89.
Institutional investors have recently bought and sold shares of the business. Saratoga Research & Investment Management bought a new stake in shares of EQT Midstream Partners in the 3rd quarter worth $186,000. A. D. Beadell Investment Counsel Inc. bought a new stake in shares of EQT Midstream Partners in the 3rd quarter worth $203,000. CIBC Asset Management Inc purchased a new position in shares of EQT Midstream Partners in the 3rd quarter worth $204,000. Dearborn Partners LLC purchased a new position in shares of EQT Midstream Partners in the 3rd quarter worth $205,000. Finally, Keybank National Association OH purchased a new position in shares of EQT Midstream Partners in the 3rd quarter worth $259,000. 73.78% of the stock is owned by institutional investors and hedge funds.
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About EQT Midstream Partners
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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